Shorter Cycles

The bank has also awarded local IT firm, DMS Oracle, the mandate to automate its General Ledger system.rn

rnCentral Bank
quote s Assistant to the Governor, Dr. Rani Jayamaha told Lanka Business Online that both IT systems will be funded through an existing US$ 30.3 mn World Bank loan awarded for Central Bank reforms.rn

rnBacked by nearly 25 years of experience of building national payment systems, Logica has already implemented RTGS in eleven countries.rn

rnScripless Securities Settlement allows the banking community to conduct settle gilt-edge securities transactions electronically, reducing risk and costs, and introducing greater levels of security and visibility. rn

rnNow generally accepted as international best practice to settle urgent and high value inter-bank payments, RTGS eliminates settlement risks by settling payments in real-time across settlement accounts held at the Central Bank.rn

rnThe practically instant payment ensures fast, secure and irrevocable settlement of major financial mark