23 October 2017
visit www.avoka.com

Sri Lankan bank deploys CR2 Bankworld for Web-based banking

02 July 2002  |  2628 views  |  0 Sri Lankan bank deploys CR2 Bankworld for Web-based banking

National Mercantile Bank in Sri Lanka (Mercbank) has implemented CR2's channel banking platform BankWorld as part of an initiative to roll out e-banking services to corporate and retail customers.

Mercbank is using the BankWorld package to underpin its new MercNet 24x7 Internet-based banking service. The service offers online balance statements, funds transfers, payments, standing orders, credit card requests, loan applications and ordering cheque books and travellers cheques.

BankWorld software has also been used to develop a personal banking service where account holders can conduct business through a dedicated bank manager assigned to their account.

Nihal Jayawardena, managing director of Mercbank, comments: "We've invested substantially in the best emerging technologies to provide a range of services to our customers at various touch-points including branches, ATMs, kiosks and phone. CR2's BankWorld allowed us to elevate this strategy even further by rapidly providing an online banking service."

He adds: "We intend to develop this strategy and incorporate additional channels as and when they are required, using CR2's solutions. We're already planning the next phase of development to include mobile banking."

It is anticipated that future phases will include loan application processing, share dealing, trade finance processing and corporate foreign exchange.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news


Related company information


Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.innotribe.com

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
15577 views comments | 17 tweets | 30 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
13657 views comments | 22 tweets | 28 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10051 views comments | 12 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9957 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8952 views comments | 9 tweets | 18 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job