LOLC Technologies Limited has announced a strategic partnership with Microsoft to integrate Azure cloud services into its next-generation core banking platform, FusionX. The agreement was formalised at the LOLC Holdings Head Office in Rajagiriya, marking a significant milestone in the company’s digital transformation journey.
The signing ceremony was attended by key figures from both organisations, including Mr. Kapila Jayawardena, Managing Director/CEO of LOLC Holdings PLC; Mr. Conrad Dias, Chairman of LOLC Technologies Ltd; Mr. Prasanna Siriwardena, Deputy CEO of LOLC Technologies Ltd and CIO of LOLC Holdings PLC; Mr. Harsha Randeny, Country Manager for Microsoft Sri Lanka and Maldives; and Mr. Dhammika Weerakoon, Corporate Accounts Lead for Sri Lanka and Maldives.
By leveraging Microsoft Azure’s advanced capabilities, FusionX aims to enhance scalability, agility, and AI-driven efficiency for Banking, Financial Services, and Insurance (BFSI) institutions. This integration will enable real-time analytics and empower BFSIs to evolve rapidly while unlocking AI’s full potential.
Mr. Prasanna Siriwardena commented, “This is not just a technological advancement, but a strategic transformation aimed at positioning LOLC Technologies at the forefront of digital banking solutions. By leveraging the unparalleled agility and resilience of Microsoft Azure, we are focused on redefining financial services.”
Mr. Harsha Randeny added, “We are enthusiastic about supporting LOLC Technologies break ground on their undertaking to elevate operations through AI automation. Not only are we looking forward to guiding LOLC Technologies through this transition, but we’re also keen on optimising the organisation’s leveraging of Microsoft AI Solutions at every level.”
This partnership underscores LOLC Technologies’ commitment to delivering innovative and scalable financial technology solutions, reinforcing its position as a leader in the digital banking landscape.
