NCS wins The Asian Banker IT Implementation Awards 2008 for Best Branch Automation and Networking Project Award 2007

Singapore, March 18, 2008

NCS Group, a leading regional information technology and communications engineering service provider in the Asia Pacific and Middle East regions, today announced that it has won the prestigious The Asian Banker IT Implementation Awards 2008 for Best Branch Automation and Networking Project Award 2007 for its project implementation at Seylan Bank.

The awards, held in conjunction with The Asian Banker Summit, were announced at the summit at the Melia Hotel in Hanoi, Vietnam on Monday, 17 March 2008.

The award winning project, the Palm Top Banking (PTB) system designed and implemented by NCS for Seylan Bank was successfully rolled out in October last year.  The system enables Seylan Bank’s Business Development Officers (BDOs) to conduct traditional branch banking and financial transactions outside the physical branch environment and in the remote areas such as villages and customers’ premises. It enables Seylan Bank to create a mobile bank branch immediately and without the need of physical branch setup which would require a huge investment in fixed and recurring costs.

Armed with a personal digital assistant, a mini printer and cash, Seylan Bank’s motorcycle-bound BDOs would bring banking and financial services to Sri Lankan masses. They can perform functions such as cash and cheque deposits, cash withdrawal, remittance disbursement, loan application and account opening.  Through the system, the BDO is able to retrieve relevant customer information, aiding his understanding of the customer’s total relationship with the bank or the finance company. If a customer wishes to apply for a loan, the BDO can submit the loan application electronically, and the system will perform customer credit checking.  Once the customer creditworthiness is ascertained, he will be able to provide an in-principle approval to the customer on the spot.  
Mr Lim Eng, Chief Executive Officer of NCS Group, “We are very pleased to have won this well-regarded award together with our partner, Seylan Bank.  A successful IT project is always the result of excellent cooperation between the parties involved.  

We believe that Seylan Bank not only is the first bank in Sri Lanka to offer such services, it is also the first in Asia. This initiative taps on the wireless and mobile technologies to introduce a new secured channel to serve the customers and also extend banking services to the untapped customer segment with limited or no access to the traditional banking institutions due to geographical and technology constraints. This custom-built approach best exemplifies the value that technology provides to business operations, and is aligned with our aspiration to make the world a better place by helping people and organisations benefit from technology.”

Media Contact
Wendy Tang
NCS Pte Ltd
DID: +65 6556 5629

About NCS

NCS is a member of the Singtel Group and the leading information, communications and technology (ICT) service provider with presence in over 20 countries. NCS delivers end-to-end ICT solutions to help governments and enterprises realise business value through digital transformation and the innovative use of technology. Its unique delivery capabilities include consulting, applications development, systems integration, outsourcing, infrastructure management and portal solutions.