Tuesday, March 30, 2021

Dialog Finance streamlines operations

Dialog Finance PLC, the financial Service provider subsidiary of the Dialog Axiata Group has streamlined its operations. Accordingly, the number of employees at the organization has gone down from 164 to 44 people.

The company still maintains 2 branches. The company with the financial support of the parent has met the regulatory capital requirements of the Central Bank.

The company posted a loss of Rs 99 million for the year ended December 2020. Equity analysts note that Dialog has been aggressively investing in payments processing infrastructure with one of the fastest-growing networks of applications, users, and merchants.

The company is set to aggressively expand in the near future.

The company has obtained the services of former Nations Trust Bank CEO Renuka Fernando as the Groups Chief Digital Services Officer.

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