ComBank revolutionises Sri Lankan banking with ‘wearable banking’ via Flash Digital Account

The Commercial Bank of Ceylon has scaled new heights in digital innovation, becoming the first bank in Sri Lanka to take banking to the realm of wearable technology.The Bank’s and the country’s first “wearable banking” product was achieved with the integration of access to, and select features of, the Bank’s ‘Flash’ Digital Account with Apple Watch in collaboration with Digital Payment Services Pvt Ltd.

Flash account holders who own Apple watches linked to iPhones can now check their account balances and check payment requests and bill sharing requests from the smartwatches on their wrists without reaching for their phones, the Bank said.

“We are excited about this latest innovation because it is the first step in a stimulating new journey of infinite possibilities,” Commercial Bank Managing Director/CEO Sanath Manatunge said. “Smartwatches are no longer a gimmick of the so-called tech nerds. They are playing a growing role in enhancing convenience for a significant customer segment, which we expect to grow substantially in the years ahead. As a leader in digital banking, Commercial Bank is proud to introduce another breakthrough banking solution in the form of wearable banking.”

While the first step of this initiative focuses on enabling account balance view and accepting fund transfer requests, the Bank is already exploring the possibility of enabling additional features such as bill payments and own account transfers that will significantly enhance the functionality of wearable banking, Manatunge added.