Senkadagala Finance first in the pack to sign with SWIFT network
Tuesday, 16 September 2014 00:01
Senkadagala Finance PLC, one of the largest licensed finance companies in Sri Lanka, signed a Service Level Agreement (SLA) with Lanka Financial Services Bureau Limited (LFSBL) becoming the first finance company in the country to gain connectivity with the SWIFT network.
LFSBL facilitates the secure transfer of financial messaging telecommunications within a global network of over 8,800 banks and institutions through SWIFT (Society for Worldwide Interbank Financial Telecommunications).
Speaking about the partnership, Senkadagala Finance Additional CEO Sanath Bandaranayake stated, “Senkadagala Finance has been providing reliable financial services to customers for over 45 years. By connecting with SWIFT through LFSBL we are now able to provide a more convenient and secure platform for our customers to carry out their financial transactions. This is also a very important landmark for our organisation as we make history by becoming the first finance company in the country to be a part of this network.”
With their affiliation with LFSBL, Senkadagala Finance will now be able to offer increased security on transactions to their customers. Further, by joining SWIFT, Senkadagala Finance has gained secure access to a global network of trusted banks and financial institutions which would enhance the value and quality of the services they offer to their customers.
Sharing his thoughts, Lanka Financial Services Bureau General Manager/CEO Mihindu Rajaratne stated, “We are indeed happy to have Senkadagala Finance PLC on board for SWIFT Shared Infrastructure Services. This is a key milestone of the LFSBL operations as Senkadagala Finance PLC would be the first finance company to join the network. They will be equipped with the highly secured, technologically advanced, resilient, SWIFT network with globally compliant regulatory standards. We believe that the hassle free accessibility to the global financial community via licensed banking institutions offered by SWIFT would be a catalyst for future growth of Senkadagala Finance.”