OpenArc and Abans Finance to lead digital banking, cashless society
View(s):OpenArc, a leading software company and an IT Campus headed by Daya Hettiarachchi, recently signed an agreement with Abans Finance, to replace the entire software solution implemented by OpenArc at Abans Finance many years ago.
It would be replaced with a brand new Core banking software solution popularly known as ‘SkyBank’ together with a digital Banking Front end, SkyDBF and mobile payments platform ‘SkyPay’ which will lead pathway to build a cash-less, card-less society in Sri Lanka in the future.
OpenArc recently launched this new core banking software solution along with FinTech app solution for mobile payment enabling every citizen to do their financial transactions through their mobile phones, the company said in a media release.
“This means you as a citizen irrespective of the bank or finance company where you keep your money, your payment transactions can be done using your mobile phone, which will be linked to your bank accounts. Imagine a society without hard cash, credit cards, debit cards, prepaid cards and even Banks without ATMs . This can happen one day in the mobile world with its ever-advancing technologies, features and reliability of mobile phones as a day-to-day tool that can execute any financial transaction,” said Daya Hettiarachchi, founder Chairman and CEO of OpenArc Systems Management (Pvt) Ltd .
With this solution, all the customers of Abans and citizens of this country should be able to experience digital banking services such as opening of bank accounts, making deposits and withdrawals, funds transfers, loan payments, etc using mobile phones without having to go to a bank branch. It will also allow them to make any kind of payments to merchants, utility companies, banks and finance companies, e-commerce purchases through websites, payment of traffic fines, etc using the smart phones connected to their bank accounts.