Sampath Bank rolls out API Banking with CDB as first corporate onboarding

Friday, 22 August 2025 00:02 - - {{hitsCtrl.values.hits}}

Sampath Bank Managing Director Ayodhya Iddawela Perera (left) presents commemorative memento to CDB Managing Director/CEO Mahesh Nanayakkara to mark the occasion. Also present (from left): CDB Executive Director – Business Operations Dave De Silva, Sampath Bank Senior Deputy General Manager – Corporate Banking Amal Kirihena, CDB Deputy CEO/Executive Director Damith Tennakoon, Sampath Bank Managing Director Designate Sanjaya Gunawardena, and CIO Ajith Salgado

Sampath Bank said it has onboarded Citizens Development Business Finance PLC (CDB) as the first corporate client to integrate with its API Banking platform, enabling seamless and secure payments processing directly from CDB’s ERP system.

This innovative banking platform was initiated as part of the portfolio of products offered under ‘Transaction Banking’ at Sampath Bank becoming the first bank to do so in Sri Lanka. The introduction of this standardised API Banking platform is a milestone in the country’s financial services sector.

Sampath Bank Managing Director Designate Sanjaya Gunawardane said: “We are pleased to support CDB through this integration. This partnership signals the evolving role of banks in shaping intelligent, connected ecosystems for businesses.”

CDB Managing Director/CEO Mahesh Nanayakkara added: “As a forward-thinking financial institution, we view technology as an enabler. Being the first to integrate with Sampath Bank’s API Banking platform allows us to further streamline our operations while setting the foundation for future-ready financial management.”