DFCC subsidiary Synapsys bags silver award at NBQSA 2017

Synapsys, a subsidiary of DFCC Bank Plc, was bestowed with two prestigious awards at the 19th National Best Quality Software Awards (NBQSA) organised by the British Computer Society, the Chartered Institute of IT in Sri Lanka. 

Synapsys won the silver award for its RAPIDEX product under the Financial Applications category and also the Best Mobile Payment Application, a special award sponsored by Lankapay. The Chief Guest at the event was Telecommunication and Digital Infrastructure Minister Harin Fernando and the Guest of Honour was Paul Martynenko, President of the British Computer Society, the Chartered Institute for IT, UK. 

A further 43 commercial categories and 11 tertiary students’ products with three postgraduate students’ projects were recognised at this prestigious ceremony. Synapsys is a dynamic and innovative technology firm with an array of products and services supporting banks, capital markets, insurance and retail payments across Asia and the Pacific.

Commenting on the win, Synapsys CEO Dinesh Fernandopulle said: “We are delighted to win top honours at the 19th National Best Quality Software Awards. Our innovatively combined product for inward remittances and mobile wallet solutions, RAPIDEX, emerged victorious to win the silver award by beating stiff competition. RAPIDEX is the first-ever solution designed and developed locally, demonstrating the potential of local IT companies on building solutions for the global finance industry. We are also proud of winning the Lankapay sponsored special award for the Best Mobile Payment Application. 

“Synapsys is staffed by high quality computer engineering and banking experts, who enable us to devise financial solutions that have a strong practical element. Our solutions target real business needs by offering domain specific solutions rather than a one-size-fits-all approach.”

DFCC Bank CEO Lakshman Silva said: “I congratulate the Synapsys team for winning two prestigious awards at the recently-held NBQSA ceremony. These awards are a testimonial to the vision of Synapsys and as its parent, the DFCC Bank, of delivering financial access to the unbanked and under-banked communities, by providing low-cost efficient payment systems and ultra-convenient financial services to consumers. Synapsys has evolved into one of the foremost financial solutions partners for diverse sectors and has established a global footprint. Its solutions like the Vardhana Wallet are already accelerating financial inclusion and easy access to cash for all and we expect it to build on it further to render it a widely adopted platform on an even wider scale as the market matures.”

Celebrating its 10th anniversary this year, Synapsys has become a preferred IT partner for various industries such as the plantations, apparel, ceramics and financial services sectors by streamlining their operations on both the trade and treasury aspects.