MBSL wins again for IT excellence at NBQSA Awards 2019

Friday, 25 October 2019 00:00 - - {{hitsCtrl.values.hits}}

Merchant Bank of Sri Lanka and Finance, the foremost expert in financial services, achieved yet another milestone by being awarded Merit Award for its “Velocity Bank Reconciliation” MBSL’s in-house developed software module under “In-house Application” Category at the coveted National ICT Awards - NBQSA (National Best Quality Software Awards) 2019.

National ICT Awards NBQSA 2019 competition is conducted by the Sri Lankan Section of the British Computer Society and the Chartered Institute of Information Technology, in recognition of outstanding achievements in the development of information and communication technologies.

Furthermore, 2019 also marks the second consecutive year in which “Velocity” MBSL in-house developed software earned recognition and awarded at the National ICT Awards NBQSA for its improved standards and the quality that meets international standards as “Velocity” was initially awarded with a Certificate of Business Services (HC-BS) at the Asia Pacific ICT Alliance Awards 2018 by APICTA, an international awards programme which drive increased ICT awareness. Expressing his views on MBSL’s achievement, Head of IT Withanachchi said: “With heavy investment in IT infrastructure we strive forward with new innovative developments and we take all efforts to develop latest and best of the breed in-house customised solutions. We are able to do this through utilising new technology, innovative ideas and retaining best talents in IT Human Resources.”

MBSL entered the Sri Lankan financial sector as the country’s pioneer merchant bank in 1982 and was quoted on the Colombo Stock Exchange in 1991. Subsequently registered as a licensed finance company under the Finance Business Act No. 42 of 2011 under the regulatory purview of Central Bank of Sri Lanka. MBSL caters to a wide range of customers through its key business activities which include deposit mobilisation, savings, leasing, loans, corporate advisory and capital market services, and gold loan and real estate through a widespread network of 49 customer touch points including the Head Office. MBSL is a subsidiary of state owned financial powerhouse Bank of Ceylon which holds a strategic stake of 74%.