The Infinity of banking

Posts

- July 21, 2019

New Technology of bank 1. Using Data and AI for Personalization at Scale When it comes to personalization, consumers are pretty clear what they want. They want recommendations that they wouldn’t have thought of themselves, and a clear direction about what they should buy when they are shopping for a product or service. In other words, financial institutions should show consumers that they have been listening and learning from their activities. 2. Voice-First Banking A major part of the voice-first paradigm is a modern “intelligent agent” (also known as “intelligent assistant”). Over time, all of us will have many, perhaps dozens, of these agents interacting with each other and acting on our behalf. These agents will be the “ghost in the machine” in voice-first devices. They will be dispatched independently of the fundamental software and form a secondary layer that can fluidly connect between a spectrum of services and systems. 3 . Open Banking While the largest tech ...

- June 28, 2019

Sampath Bank Sampath Bank PLC is a licensed commercial bank incorporated in Sri Lanka in 1986 with 229 branches and 373 ATMs island wide. It has won the "Bank of the Year" award by "The Banker" of Financial Times Limited – London, for the second consecutive year and the "National Business Excellence Awards 2010". It has becomethe third largest private sector bank in Sri Lanka with Rs. 453 billion in deposits as of 3June2016. Product of sampath bank SAVING ACCOUNT 01. Regular Savings v Sampath Double S Offers up to 50% bonus on interest monthly. An activated sampath visa debit card is given at the opening of the account. v Sampath Hit Saver The freedom to enjoy unlimited withdrawals per month. Instant loan facilities up to 90% of the account balance. An account can be activated with...

- June 25, 2019

Sri Lanka Banking Sector The banking sector in Sri Lanka, which comprises Licensed Commercial Banks (LCBs) and Licenced Specialized banks (LSBs), dominates the financial system and accounts for the highest share of the total assets in the financial system. Banks play a critical role within the Sri Lankan financial system, as they are engaged in provision of liquidity to the entire economy, while transforming the risk characteristics of assets. Banks also engaged in providing payment services, thereby facilitating all entities to carry out their financial transactions. On the other hand, banks can create vulnerabilities of systemic nature, partly due to a mismatch in maturity of assets and liabilities and their inter connected. Therefore, the soundness of banks is important, as it contributes towards maintaining confidence in the financial system, and any failure may have the potential to impact on activities of all other financial and non-financial entities, and finally the ...

- June 25, 2019

History of Currency of srilanka Sri Lanka is a country with a long history and a similarly long and rich economic history. A study of that history will doubtlessly prove fruitful not only for economists but for everyone in the society. Coins used through different time periods of a country play an important role when studying the history of that country. Although small in size, a coin has the ability of giving a wealth of information about the economic and cultural history of the country where it was used, through signs that remain on them . Sri Lanka’s currency-use can be divided into following periods 1. Anuradhapura Era 2. Polonnaruwa to Kotte Era 3. Kandy Era 4. Colonial Era 5. Post-Independence Period since Establishment of the Central Bank of Ceylon Anuradhapura Kingdom (377 BC– 1017AD) The Anuradhapura Kingdom named for its c...