Sampath Bank wins 3 awards at Infosys Finacle Client Innovation Awards 2019

Sampath Bank Systems and Procedures Chief Manager Thushantha Sumiththarachchi (Centre right) and Sampath Bank Systems and Procedures Manager Lakshman Benaragama (Centre left) accepting the award

Sampath Bank PLC’s constant drive to innovate was recognised once again when it picked up three awards at the Infosys Finacle Client Innovation Awards 2019 held recently in India.

Three revolutionary products of Sampath Bank, namely Slip-less Banking, iGift mobile app, and Digital Cash Margin Loan were recognised under the ‘Mid-Size Banks’ category.

Slip-less Banking clinched the Gold award for ‘Product Innovation’ which is a testament to the novel and convenient banking experience offered through the eco-friendly mobile app.

The Bank’s iGift mobile app which set up a new gifting trend was declared the Gold winner of the ‘Emerging Technology led Innovation’ category.

The Digital Cash Margin Loan which was offered through Sampath Vishwa won the Silver award for ‘Customer Service Innovation’ for providing a fully-automated loan service.

“At Sampath Bank, we have always focused our efforts on technological innovation in order to present a convenient banking experience to our customers. Since the introduction of the multi-point network of automated teller machines (ATMs) and the popular SET card in 1988, we have introduced many innovations in multiple areas that matter most to the customers. We are very happy and proud that our efforts to stay at the forefront of innovation in Sri Lanka has been recognised and rewarded at a Global level,” said Sampath Bank Group Chief Information Officer Ajith Salgado.

Applauding the innovative initiatives taken by various banks leveraging the Finacle platform, Infosys Finacle Chief Business Officer and Global Head Sanat Rao said: “We are living in an era of unprecedented innovation. Ubiquitous digitisation is changing the industry’s business models and competitors globally. In these times, continuous and value-focused innovations are the key drivers for long term success. The Finacle Client Innovation Awards programme recognises and celebrates such exemplary innovations introduced by Finacle clients globally. The year-on-year increase in the number of nominations, is a testimony to the heightened focus on innovation and customer value in our industry. On behalf of Infosys Finacle, I congratulate all the winners and applicants, and wish them continued success.”

The Infosys Finacle Client Innovation Awards is an annually held event and this time in its fifth edition, the awards sought to recognise banks that deliver breakthrough innovations in banking products, customer service, process design and distribution channels capitalising on Finacle solutions.

With over 250 nominations received across eight categories, this year saw the highest number of nominations - more than 50 percent over the last year. The eight award categories include - Product Innovation, Channel Innovation, Customer Service Innovation, Process Innovation, Innovative Custom Components, Accelerated Transformation, APIs led Innovation and Emerging Technologies-led Innovation. The nominations were evaluated by an expert jury on the basis of three criteria - Innovation Quotient, Benefits Quotient, and Complexity Quotient.