Lankan Alliance Finance implements core banking solutions

Lankan Alliance Finance Ltd (LAFL) has implemented core banking solutions (CBS) for its business operation, which will give a facelift to its system and replace present solutions.

LAFL partnered with Era Infotech, a leading fintech solution provider, for installation, implementation, and maintenance of a centralised online real time solutions, the company said in a press release.

"This is a milestone achievement for Lankan Alliance Finance. The platform will enable LAFL to ensure digital product delivery and information security of its valued clients," said Jowher Rizvi, chairman of Lankan Alliance Finance, a joint venture financial institution with multinational collaboration.

He spoke in a function arranged recently at its head office.

"We, on behalf of Era Infotech, are very happy to be associated with Lankan Alliance Finance for rolling out our upgraded version of CBS which will enable flawless business operations at LAFL," said Md Serajul Islam, CEO of ERA Infotech.

Kanti Kumar Saha, CEO of LAFL; Shahidul Islam Mazumder, head of IT, and Wishva Wickramarachchi, chief financial officer, were also present.