Sampath Bank PLC’s constant drive to innovate was recognized once again when it picked up 3 awards at the Infosys Finacle Client Innovation Awards 2019held in India recently.
Three revolutionary products of Sampath Bank, namely Slip-less Banking, iGift mobile app, and Digital Cash Margin Loan were recognized under the ‘Mid-Size Banks’ category. Slip-less Banking clinched the Gold award for ‘Product Innovation’ which is a testament to the novel and convenient banking experience offered through the eco-friendly mobile app. The Bank’s iGift mobile app which set up a new gifting trend was declared the Gold winner of the ‘Emerging Technology led Innovation’ category. The Digital Cash Margin Loan which was offered through Sampath Vishwa won the Silver award for ‘Customer Service Innovation’ for providing a fully-automated loan service.
‘’At Sampath Bank, we have always focused our efforts on technological innovation in order to present a convenient banking experience to our customers. Since the introduction of the multi-point network of automated teller machines (ATMs) and the popular SET card in 1988, we have introduced many innovations in multiple areas that matter most to the customers. We are very happy and proud that our efforts to stay at the forefront of innovation in Sri Lanka has been recognized and rewarded at a Global level,” said Ajith Salgado – Group Chief Information Officer, Sampath Bank.
Applauding the innovative initiatives taken by various banks leveraging the Finacle platform, Sanat Rao, Chief Business Officer and Global Head of Infosys Finacle, said, “We are living in an era of unprecedented innovation. Ubiquitous digitization is changing the industry’s business models and competitors globally. In these times, continuous and value-focused innovations are the key drivers for long term success. The Finacle Client Innovation Awards program recognizes and celebrates such exemplary innovations introduced by Finacle clients globally. The year-on-year increase in the number of nominations, is a testimony to the heightened focus on innovation and customer value in our industry. On behalf of Infosys Finacle, I congratulate all the winners and applicants, and wish them continued success.”
The Infosys Finacle Client Innovation Awards is an annually held event and this time in its fifth edition, the awards sought to recognize banks that deliver breakthrough innovations in banking products, customer service, process design and distribution channels capitalizing on Finacle solutions.
With over 250 nominations received across eight categories, this year saw the highest number of nominations – more than 50% over the last year. The eight award categories include – Product Innovation, Channel Innovation, Customer Service Innovation, Process Innovation, Innovative Custom Components, Accelerated Transformation, APIs led Innovation and Emerging Technologies-led Innovation. The nominations were evaluated by an expert jury on the basis of three criteria – Innovation Quotient, Benefits Quotient, and Complexity Quotient.