Bank of Ceylon as one of the leading commercial bank in Sri Lanka commemorating its’ 80th anniversary this year unveiled a symposium on Innovative Banking on November 4 2019, which is first-of-its-kind in the industry, under the theme of “Innovative Banking in a smart world”.
This international symposium named ‘InnovBank’ provides a timely significant and decisive aspect of future banking innovations in the industry towards a revolutionary future banking landscape in line with an atmosphere that is disruptive and inevitable.
Innovative technologies are creating an unprecedented revolution in the banking sector, accelerating the adoption of market changes. Through this initiative, Bank of Ceylon expects to boost Industry growth by energizing the innovations, providing smarter banking experience for the customers whilst bringing in the world’s best professionals and academics into a common platform. On top of all, this is considered as a Corporate Social Responsibility of the Bank towards the betterment of the entire banking industry.
This symposium creates a forum on future banking for the industry growth in the disciplines of Fintech Solutions in banking, Business Process Re-Engineering in banking services, Innovative financial products and services, Impact of Artificial Intelligence in Financial Services and application of MIS and Big Data Analytics for Decision Making in banking industry.
The applied research papers, concept papers or Proposals are invited from Universities, Institutions, Practitioners, Enthusiasts including novel thinkers and Fintech Innovators, as well as from Schools on the disciplines of future banking under the defined Symposium categories. The papers and proposals can be submitted online via www.innovbank.lk from November 04, 2019 to December 31, 2019, under the defined Symposium categories.
The launch was graced by the General Manager, Bank of Ceylon with the participation of professionals and academics. Addressing the gathering, the General Manager of Bank of Ceylon stated the importance of innovative banking for the economic growth of the country.
University of Sri Jayewardenepura Faculty Member and Management Consultant, Postgraduate Institute of Management, Dr. Samantha Rathnayaka who is one of the Co-chairs stated that there is an outdated idea that academia’s sole purpose is the pursuit of knowledge while industry is enslaved to profit. The reality is that academia is an industry in and of itself, and industry cannot generate profit without innovation. The gap between the two serves no purpose other than to ensure that the best and brightest ideas are lost between the pages of academic journals
Delivering a special speech, Dr. D.A.S. Atukorale, Deputy Director of the University of Colombo School of Computing and the Co-Chair of the symposium briefed the gathering with regards to Information Technology (IT) and digital transformations in the area of the banking industry and emphasize the requirement of technical innovative financial service offerings that disrupt the existing financial services market.
The Bank ensures transparency and clear assessment though out the evaluation process incorporating the insights of the independent external evaluators.
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