i-Switch

Jan 29 (LBO) – Sri Lankan tech firm Interblocks said Monday that they had implemented an ATM Switch and Monitoring system to manage Central Finance’s ATM network.

The tie up with Interblocks and implementation of the iSwitch system would facilitate inter-branch settlement and reconciliation, remote monitoring and proactive alerts.

The company says it is the first such implementation for a non-banking financial institution.

Central Finance had launched its savings scheme following Central Bank approval for finance companies to introduce savings products to customers.

Driving the next generation of web-based ATM’s, iSwitch allows for the exchange of financial data regardless of technology platform, the company said in a statment.

œiSwitch has the flexibility to provide an ever expanding range of services from remote monitoring to GPRS enabled mobile ATM’s to internet banking portals, Suren Kohombange, Director Software for Interblocks Limited said.

Outside of Sri Lanka, Interblocks has a customer base in the Asia Pacific, Middle East and African regions.