DFCC Bank signs on netSYMBOLS

DFCC Bank today announced that it has selected System Access flagship product netSYMBOLS to upgrade its computer system and implement a core banking solution. By utilizing netSYMBOLS, DFCC Bank aims to raise the level of customer service to its growing customer base while expanding its scope of operations.

The bank will be implementing netSYMBOLS loan origination, commercial lending, deposit, treasury and knowledge manager modules.

"Our bank whilst expanding its operations in commereial lending, corporate finance and capital markets plans to leverage its valuable customer base by offering new products and services. NetSYMBOLS has the flexibility to facilitate product development to satisfy needs of our customers and implement an integrated suit of business application systems that can evolve to meet the changing business needs of the bank," says Sidath Wijeratne, Senior Vice President (IT), of DFCC Bank.

He also added "The flexibility of netSYMBOLS to accommodate the existing loan portfolio together with its differentiated features and the ability to deploy and interface seamlessly to Oracle based products were critical prerequisites for the selection of the system".

NetSYMBOLS application architecture is centred round a customer relationship foundation that facilitates customer knowledge, interaction, and relationship development and also enables the bank to manage risk at the customer relationship level. With the adoption of J2EE as its technology standard and the architectural flexibility, it gives the bank better efficiency in managing the time, to focus on its core business processes while laying a secure foundation for the banks future expansion.

"We are delighted to be chosen by DFCC to support their banking functions. The bank carried out an extensive evaluation exercise, looking at aspect of technology and functionality and netSYMBOLS proved to be well equipped for the task. System Access will be providing training to the staff of DFCC on its development methodology and enabling the in-house team in the implementation process," comments Alex Ly, Director, Business Development, System Access.