BOC bags Overall Winner Award | Sunday Observer

BOC bags Overall Winner Award

The Bank of Ceylon (BOC) bagged six awards including the overall Winner Gold Award for ‘Excellence in Interbank Payments’ at the payment technology innovation awards ceremony - Technovation Awards 2018.

It was the second consecutive year that the Bank of Ceylon was selected as the overall winner of this Award ceremony. Bank of Ceylon was also the most awarded winner at the event with five-winner awards and one Runner-up award; namely Most Popular Electronic Payment Product (Banking and Financial Institutions)-Winner B-APP, Best Common ATM acquirer of the year - Category A Winner, Best Acquirer for US Dollar Online Payments - Winner, Best of the Year for Financial Inclusivity- category A winner and Best Bank for Retail Payments (Runner-up).

The previous year BOC won three awards altogether with the overall winner award.The event was organised by LankaClear (Pvt) Ltd., the operator of LankaPay national payment network, to recognize banks and non-banking financial institutions that have been steadfast to the cause of using innovating technology.

The initial short listing will be carried out based on the performance of individual banks, non-banking financial institutions and FinTech service providers against a set criteria defined and communicated at the beginning of the period, which will also be subjected to an independent audit.

During the second phase of judging, the shortlisted winners need to present how they achieved that performance to an independent and eminent panel of judges.

CEO/ General Manager Senarath Bandara said, “In recognition of essence of its mission and vision, BOC’s effort to offer wider banking benefits to majority of Sri Lankan’s has been a fruitful one, through adaptation of digital technology.

“Apart from the Bank’s branch network consisting over 629 branches operating as brick and mortar service option, It has 1000 CDM/ATM network and nearly 200 SmartZones, POS machines and the state-of- the-art BOC-digi self servicing banking outlets across the country.

“The newly developed web based ‘SmartOnline’ banking system allows customers to interact and manage their finances through secured portals,” he said.