NSB wins Gold at the Technovation Awards – 2022

The Fourth Technovation Awards organised by LankaPay dedicated to rewarding innovations and achievements in the Payment Technology Industry was concluded at a Gala event held at the Shangri-La, Colombo on the 29th of March 2022.

The National Savings Bank was awarded two golds at the latest iteration of the Technovation Awards, being ranked Bank of the Year for Excellence in Customer Convenience Category C and being ranked the Best Common ATM Enabler of the Year Category B.

Both of these gold awards are a testament to the NSB’s commitment to bring the latest in cutting edge technology to the banking and finance industry and thereby innovate the delivery of financial services across a growing demography. Further, these awards were the result of a fierce competition amongst all established players in the Banking and Finance industry, in twelve categories, evaluated in two stages by a panel of judges consisting of leaders of independent established bodies such as ICTA, CIMA, CA Sri Lanka and the CSE. The strict criterion considered the performance of these entities from 1st April 2020 to 31st March 2021 in delivering financial services to an otherwise sedentary population facing hitherto unknown quarantines and lockdowns.

The Technovation Awards unveiled in 2017 by LankaPay, is dedicated to recognising the contribution rendered to the entirety of society by Banks, Non-Banking Financial Institutions (NBFI) & Financial Technology (FinTech) entities which work silently in the background to bring financial inclusivity to a great segment of society. Without these unsung heroes, society at large would not be able to seamlessly conduct financial transactions at the convenience of their fingertips today.

This year’s theme was “Honouring the Digital Superheroes” is especially relevant in today’s backdrop given the socio-economic impact of COVID-19 pandemic across the globe. Actions taken to mitigate the spread of the Coronavirus had negative implications on the economic growth of the global economy and is especially detrimental to the Banking & Finance Industry. It could be said that keeping abreast of technological innovations have ensured the survival and growth of the Banking and financial institutions during this challenging period.

As such, this year’s awards were appropriately focused on entities who have strived to bring financial services without interruption to the people whilst facing hitherto unknown challenges and yet overcoming them via innovation.