LOLC Group wins Tech Innovator Awards | Sunday Observer

LOLC Group wins Tech Innovator Awards

LOLC Finance PLC received the Highest Award for Excellence in Interbank Payments in the Financial Institutions Category, overall winner.
LOLC Finance PLC received the Highest Award for Excellence in Interbank Payments in the Financial Institutions Category, overall winner.

The LOLC Group claimed top honours again at the LankaPay Technnovation Awards 2018 organised by LankaClear (Pvt) Ltd. for the second consecutive year, to recognise and appreciate the vanguards in payment technology. LOLC’s flagship finance entity LOLC Finance PLC which continued its winning streak for the second year was crowned as the overall winner for Excellence in Interbank Payments in the Financial Institutions Category, while Commercial Leasing & Finance Company PLC (CLC), a subsidiary of the LOLC, bagged the runner-up award in the same category.

LOLC Finance also secured the Award for the Best Financial Institution of the Year for Customer Convenience while its sister company, CLC clinched the runner-up award. LOLC Finance took home the third award for the night when it won the Merit Award for the Best Application for Retail Payments.

Meanwhile, iPay – the payment platform powered by LOLC was crowned as the winner of the Most Popular Electronic Payment Product and the Runner-up of the Best Application for Retail Payments.

LOLC Group Managing Director/CEO Kapila Jayawardena said, “In a world of rapid change, especially technological advances, the LOLC Group has not simply adapted but thrived. LOLC’s Information and Communication Technology (ICT) strategy has become more than just a business enabler to us.

“Through our ICT strategy we are geared to promote faster adoption of Fintech solutions that will allow our company to be agile and flexible to the market and the ever-evolving customer needs,” he said. Chief Information Officer of the LOLC Group, Conrad Dias said, “We have witnessed a remarkable increase in the number of online transactions in a span of one year. This growth collectively demonstrates that our apps - LOLC Real Time, CLC Online and iPay which facilitate real time, secure transactions are well accepted by both customers and merchants.” 

Comments