Sri Lanka’s Union Bank has adopted BPC SmartVista to reduce reliance on third parties and introduce new credit card services faster.
The platform replaces a legacy system hosted outside the country as part of the bank’s digital transformation plans.
It gives Union Bank greater control over product development, integrations and data.
Malinda Perera, Vice President – Head of Cards & Retail Products, Union Bank said
“For Union Bank, the project offers greater operational control, reduced third party dependency and more flexibility to respond to market demand.
With the new platform now operational, Union Bank expects its credit card portfolio to grow substantially year-on-year over the coming years. Building a stronger credit card business required us to take greater ownership of the technology and data behind it.”
Nisala Kodippili, Chief Technology Officer at Union Bank, noted that the platform can adapt to changing business needs while its open APIs simplify integration with existing systems.
The platform also supports personalised card products, stronger transaction security and integrated fraud protection.
Subash Chandra Bowse, Country Director Sri Lanka, Bangladesh and The Maldives, BPC, said,
“Union Bank has taken an important step in modernising its credit card business, and we are proud to support the bank with SmartVista platform that helps it launch new propositions faster, strengthen security and scale for long-term growth.”
Featured image: Edited by Fintech News Singapore, based on images by Union Bank and starmultikharisma via Magnific
Source link
