Banking software solution to expedite Samurdhi network

By Gamini Warushamana

Sri Lanka Divineguma Department signed an agreement with Sri Lanka Telecom (Services) Ltd to develop a banking software solution for networking over 1,500 Samurdhi Bank branches and Samurdhi societies.

Director General of the Samurdhi Authority, Bandula Thilakasiri said that the networking of the Samurdhi Bank branches was a long felt need for the efficient management of funds belonging to Samurdhi beneficiaries.

Samurdhi societies are community-based organisations and Samurdhi Banks are fully recognised micro finance institutions. The recent Supreme Court ruling too has recognised Samurdhi banks as secure financial institutions.

“The Ministry of Economic Development and ICTA have supported us in the computerisation project.

The software was developed by Sari Lanka Telecom Service. Pilot projects have been commenced and all branches will be connected to the network within six months,” Thilakasiri said.

CEO of Sri Lanka Telecom Service, Prasanna Perera said that the new software has all the features found in advanced banking software and has space for upgrading in the future.

This open sourced and web-based solution works in all three languages. Micro insurance, micro leasing modules, ATM, mobile banking and online banking services are other advantages, he said.