The Commercial Bank of Ceylon has pumped in Rs. 100 mn to upgraded its IT infrastructure and processes, with one of the latest retail banking solutions in the world, to underpin future growth and expansion initiatives.
The bank has installed the ICBS (International Comprehensive Banking System) Version 7.2 developed by Fiserv, which has been designed to increase operational efficiency when servicing an increased number of branches and transactions.rn
rnHeadquartered in Wisconsin, USA, Fiserv provides industry leading information management systems and services to the financial industry. rn
rnThe company serves more than 13,000 banks, broker dealers, insurance companies and savings institutions worldwide.rn
rnAGM (Operations) Sanath Bandaranayake says the upgrade enables the bank to set itself apart from the competition by offering employees as well customers enhanced tools and services to perform banking operations.rn
rnAmong the many advantages of adopting this solution are the option of long