People’s Bank digitalisation drive crosses another significant milestone

People’s Bank reached another milestone by launching its 100th People’s Wiz credit facility at the Bandarawela branch on 24th December 2020.

“People’s Wiz” Retail Loan Originating System (RLOS) is one of the Bank’s key innovative digital banking projects which enables the bank to disburse personal loans within 24 hours with minimal documentation. Traditionally, a 15-step procedure had to be followed to grant a personal loan making the process take as long as a month.

The Bank’s digitization projects were executed ensuring the maximum security and convenience for customer transactions. People’s Bank acquired the ISO/IEC 27001/2013 from the Sri Lanka Standard Institution and this certification is recognized as one of the highest honours for information security and management around the world.

Chairman People Bank, Sujeewa Rajapakse commenting on this momentous achievement stated, “As per the Government’s “Vistas of Prosperity” policy framework, every person in the country will be empowered by digital technology to face the modern world. During the lockdown periods, despite the COVID-19 pandemic, the bank took up the challenge to provide a continuous service to their customers through their digital banking platform”.

CEO/ General Manager of People’s Bank Ranjith Kodituwakku stated, “The main objective of the People’s Bank launching its digital banking systems is to provide simple yet effective solutions to our customers while enhancing security and efficiency”.