Merchant Bank of Sri Lanka & Finance PLC (MBSL) recently signed an agreement with Affiniti Innovations to implement Affiniti’s Debt Management System to streamline, automate and improve MBSL’s receivables management functions.
Dammika Hapuhinna, CEO of MBSL, said: “As a long standing institution in the market, MBSL has substantial loan portfolios. Therefore, the importance of quality, profitability and risk management is vital. In this context, the use of technology is mandatory. Being proactive is crucial to protect the interests of all stakeholders and a proven delinquency management system can certainly help banks and financial institutions to manage receivables more effectively”.
Heshana Kuruppu, President of Affiniti Innovations, mentioned that DMS and CRM solutions are continuously improved based on market and technology trends, and he is very pleased with the passion, dedication and professionalism shown by his team. . Director and CTO of Affiniti Innovation, Sachith Fernandopulle, said, “We are integrating machine learning and predictive analytics to make Affiniti a world-class solution. The positive bucket movements and improved collection ratios shown by our clients in the banking and financial sector provide ample testimony to the quality of Affiniti DMS and its effectiveness. Mr. Thilina Kumarapathirana, Director/CEO of Affiniti Innovations, thanked MBSL for trusting Affiniti DMS and ensuring timely delivery of the system. A subsidiary of Bank of Ceylon, MBSL is a leading non-banking financial institution in Sri Lanka with a proven track record of 40 years, serving all customer segments of society. With 48 branches, including service centers across the country, MBSL plays a leading role in empowering individuals, entrepreneurs and businesses of all sizes and ages with their short and long term financial needs. .
Affiniti Innovations is a joint venture between David Peiris Holdings Ltd and Avonet Technologies created to commercialize Affiniti solutions in global markets. Affiniti Delinquency Management System and Customer Relationship Management Solution is used by many large companies in Sri Lanka. Some of their valued clients include Dialog Axiata Group, Sampath Bank PLC, LB Finance, Vallibel Finance, HNB Finance, HDFC Bank and Pan Asia Bank. The company has active open innovation initiatives with several leading universities.
With AI-powered features, Affiniti solutions will soon be ready to compete in regional markets.