Alliance Finance PLC signed an agreement with OpenArc Systems Management (Pvt) Ltd recently to launch BankFair.lk, the digital banking solution for customer onboarding.
BankFair.lk is a new digital platform developed by OpenArc Systems Management (Pvt) Ltd. to handle customers’ requests to banks and other financial institutions (BFIs), for facilities such as loans, leases and deposits.
BankFair.lk is one of the the first of its kind in Sri Lanka with a number of features. Anyone looking for a financial facility can make requests for the facility on the platform 24 X 7 irrespective of the place where the applicant is. The facility could be any type of a loan, lease or a deposit. Marketing Officers of the BFIs that have been registered with BankFair.lk platform will instantly receive the submitted requests through the platform runs on cloud and managed by its service provider OpenArc Systems Management (Pvt) Ltd.
BankFair.lk provides an ample marketplace for the BFI to meet customers digitally, discuss requirements, perform the initial screening, negotiate and recommend the prospective customers to the BFI’s CoreSystem to grant the facility without any additional marketing effort or cost.
Chairman and Chief Executive Officer of OpenArc Systems Management (Pvt) Ltd, Daya Hettiarachchi commended Alliance Finance PLC, which has been a customer of OpenArc since 2001 running OpenArc’s client-server model finance software system, InBank, to select the right on-line platform for onboarding customers.