LOLC Holdings PLC has been listed among 100 honourees for 2020 amongst a list of esteemed global organisations at the annual CIO 100 Awards. It is the first time ever that a Sri Lankan company has been bestowed with the CIO 100 Award.
Meanwhile, Conrad Dias, LOLC’s formerGroup Chief Information Officer and current Director/CEOof LOLC Finance PLC and Director LOLC Holdings PLC was selected as one of the 11 CIO Hall of Fame inductees for 2020 out of a pool of global CIOs, becoming the1st Sri Lankan CIO to be recognised to the Global CIO Hall of Fame.
The CIO 100 Awards celebrates 100 organizations and the teams within them that are using technology in novel ways to deliver innovative and ground-breaking solutions to customers. The award is a global hallmark of enterprise excellence.
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| Former Group Chief Information Officer of LOLC Group and current Director/CEO of LOLC Finance PLC Conrad Dias with the CIO Hall of Fame Award 2020. He was selected as one of the 11 CIO Hall of Fame inductees for 2020. |
This year, LOLC was listed amongst some of the most renowned global corporates such as Bank of America Corporation, General Electric, GSK,JP Morgan Chase, Morgan Stanley, Mastercard, Nestle, Schniederand and many more. According to CIO 100, this year’s honourees exemplify what it means to deliver business value through the innovative use of technology. While announcing the winners, CIO 100’s editors noted that LOLC and other honourees “exemplify what it means to deliver business value through the innovative use of technology. This elite group is creating competitive advantage in their organizations, improving business processes, enabling growth and improving relationships with customers”.
LOLC Group Managing Director/CEO, Kapila Jayawardena said, “the LOLC Group has transformed to an absolutely tech-driven organisation. This has helped us to innovate more effectively and use technology to solve various business needs. At LOLC, we are keenly using technology to drive and deliver business value by optimizing our processes, improving customer relationships and experiences that enable growth. We believe that this will bea solid foundation for our future growth as we continue to expand as an international organisation.”
The LOLC Group, which is primarily involved in providing financial services for customers at the bottom of the wealth pyramid has always been at the forefront of technological innovations. As part of this ‘digital-drive’, the company understood the need to disrupt its own business model and adopt technological capabilities to innovate and challenge traditional business models, in order to stay ahead of its competition, both locally and internationally.
IDG’s (International Data Group’s) CIO,the executive-level IT media brand providing insight into business technology leadership also announced the 2020 CIO Hall of Fame inductees. CIO’s Hall of Fame is a personal leadership award that celebrates outstanding achievement in information technology management. The CIO Hall of Fame honors the men and women whose work has advanced the CIO role and demonstrated sustained business success. The first Sri Lankan to be presented with the CIO Hall of Fame award, Conrad Dias joined LOLC Group as its group CIO back in 2006, when the company was only engaged in a single line of business (financial services) with just 17 branch locations in the country.
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