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Epic Lanka unveils digitalization strategy beyond 25 years with 20 innovative products


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Epic Lanka, a wholly Sri Lankan-owned fintech and digital transformation solutions provider with a quarter-century of experience in the IT industry, recently marked the momentous occasion of their 25th anniversary. 

This milestone underscores their enduring commitment to excellence and their significant contributions to the field of financial technology. Evolving from its roots as a project-driven entity, Epic now boasts a remarkable portfolio of 20 unique Intellectual Properties (IPs). 

Positioning itself as a formidable player in the global IT arena, these IPs will be promoted in foreign markets through strategic partnerships with other leading software brands, further solidifying Sri Lanka’s reputation as an IT knowledge and solutions hub. 

Over the past 25 years, Epic has employed a workforce of more than 6,000 employees, predominantly consisting of local IT graduates, while also providing opportunities to over 3,000 interns. 

The industry leader of domain expertise, innovative solutions by Epic have modernized state enterprises, transformed the payments landscape. Considering the scope and influence, it’s estimated that Epic’s solutions and innovations have a direct or indirect impact on the daily lives of all  Sri Lankans.

Moreover, Epic’s expansion into East Asia has seen the company provide its cutting-edge solutions to foreign clients, reinforcing its position as a global leader in the industry. In recognition of its outstanding contributions, Epic was adjudged as the best ICT solutions company in Sri Lanka and also won Sri Lanka’s first-ever Gold award at the Asia Pacific ICT Alliance (APICTA) Awards. These accolades underscore the company’s commitment to excellence and innovation.

Epic’s product solutions portfolio encompasses a range of impressive offerings, each catering to specific business needs. For instance, PreveNET NAC stands out as a multifunctional and dependable solution, assisting organizations in their transition from hardware-based Network Access Controllers (NACs) to a more versatile software-based alternative. Meanwhile, Collectmate provides a comprehensive and holistic approach to managing end-to-end tasks and processes within the realm of debt collections and recoveries. Doxmate, on the other hand, offers an enterprise content management and business process automation solution, featuring document management systems and workflow solutions. Paytect is a fully-fledged card management system that facilitates the entire spectrum of card issuing, acquiring, and transaction processing functions while Digiface emerges as a digital onboarding eKYC and vKYC solution, developed by Epic, offering a comprehensive approach to streamline digital onboarding processes across various banking products while ensuring compliance with pertinent regulations. These solutions collectively contribute to enhancing operational efficiency and addressing the evolving needs of businesses in today’s digital landscape.

For a quarter-century, Epic has been at the forefront of technological innovation in Sri Lanka. Dr. Nayana Dehigama, Epic Technology Group Founder and Executive Chairman reflects on this remarkable journey, stating, ” We recently commemorated the 25th anniversary of Epic as it embarks on a transformative journey. From humble beginnings, we have now emerged as a leading force in enterprise digital transformation. This milestone is a result of the dedication, passion, and expertise of our exceptionally talented team, who consistently push the boundaries of what can be achieved. They have enabled us to deliver cutting-edge solutions that have positively impacted the lives of Sri Lankans.

“Epic Lanka Managing Director and Chief Executive Officer, Viraj Mudalige, shares his vision, stating, “Our Research and Development centre in Sri Lanka that is equipped with advanced technology has played a key role in nurturing an innovative culture, leading to the development of cutting-edge solutions that have earned us many national and international awards.”Looking ahead, Epic remains committed to pushing the boundaries of innovation and delivering exceptional value to its stakeholders. Mudalige elaborates, “We are actively pursuing opportunities to expand our global presence and introduce our outstanding solutions to markets beyond Asia. Our primary objective is to maintain our influence in shaping the future of the global fintech industry. With 20 proprietary products in our portfolio, we are transitioning from project-based ventures to building a comprehensive suite of cutting-edge software solutions. As we look ahead to the next financial year, Epic envisions forging strategic partnerships with software companies and nations worldwide to bring our ambitious goals to fruition. Epic Lanka is set to redefine the IT landscape, both in Sri Lanka and on the global stage.

“Founded in 1998, Epic Technology Group is an award-winning regional technology leader in adopting and delivering modern technology across the Banking, Financial Services, and Government sectors in local and international markets. Equipped with ISO 9001:2015, ISO 27001:2013, PCI3DS, and CMMi Level 3 certification, Epic has more than 25 years of experience in Fintech, information system security, enterprise digitalization, mobile applications, e-payment application development, e-government solutions, and document management systems. .

For more information, please visit www.epictechnology.lk.

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Indigo launches Mumbai-Colombo direct flights

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Indigo has expanded its connectivity to Sri Lanka adding Mumbai-Colombo direct flights from today (12), Airport and Aviation Services (Sri Lanka) (Pvt) Limited said.

Accordingly, Indigo will operate flights three times a week on Tuesdays, Thursdays and Fridays.

At present, Indigo operates to three destinations in India from Colombo (Chennai twice daily, Bengaluru once daily and Hyderabad six days per week). With this new route expansion, this will increase to four destinations, and it will contribute immensely to the development of travel, trade and tourism between Sri Lanka and India. 

With the new addition, Indigo will operate 30 weekly flights to Colombo from four main cities in India.

“AASL recently had successful negotiations with Indigo to commence flight operations between Jaffna and Chennai, India. Accordingly, Indigo will commence direct flight operations between Jaffna and Chennai from June 1, 2024 onwards with daily flight operations. This connectivity will boost travel and trade in the Northern Province, strengthening the cultural and religious bonds between the two nations”, Eng. Athula Galketiya, Chairman of Airport and Aviation Services (Sri Lanka) (Pvt) Limited (AASL) said.

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Questions raised on investing in the Ceylon Dollar Bond

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Personal Foreign Currency Accounts (PFCs) and Business Foreign Currency Accounts  (BFCAs) cannot be invested in the Ceylon Dollar Bond Fund, says a spokesman of the Foreign Exchange Department at the Central Bank of Sri Lanka.

He said that banks are well aware of this.

The spokesman was responding to ‘Sri Lanka Mirror’ on queries raised on social media promotions being done by Ceylon Asset Management Co. Ltd, with regard to such investments.

Ceylon Asset Management Co. Ltd. is also a company that is registered with the CSE.

The spokesman further notes that the CBSL has only permitted them to invest in ISBs.

However, promotions done by the company have indicated that dollar investments can also be done through PFCs, and that the investors can expect around a 24% dollar returns.

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Experts state that expecting such high profits in ISB investments, is questionable.

Upon contacting the DG of Ceylon Asset Management Co. Ltd, – Dulindra Fernando, he briefly stated that the CBSL has permitted their company to do such foreign fund transfers while some banks have refused to do so.

However, he urged to submit a formal request via email for further details.

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SLT divestiture allowed

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The Court of Appeal yesterday vacated the Interim Order issued on the divestiture of the Sri Lankan Government-owned shares in Sri Lanka Telecom PLC.

The Interim Order was earlier issued by Court on April 4 when two Writ applications challenged the proposed divestiture of the Sri Lankan Government-owned 50.23 percent shares in Sri Lanka Telecom PLC and 51.34 percent shares in Lanka Hospitals Corporation PLC.

The petitions were filed by Lyca Mobile SARL, Lyca Leasing Holding Ltd, Pettigo Comercio International LDA and HAIMS International Ltd.

When the petitions were considered before Court of Appeal Judge Mohammed Laffar, Additional Solicitor General Sumathi Dharmawardena appearing for the Deputy Director General and the members of the State Owned Enterprise Restructuring Unit Established under the Finance Ministry, Secretary to the Treasury and the Attorney General raised preliminary objections highlighting several technical errors in the power of attorney and the affidavit submitted is not valid.

Accordingly, the court vacated the said Interim Order on the divestiture of Sri Lanka Telecom PLC and informed the petitioner of this particular petition to submit fresh power of attorney by April 29 and request for an interim order if necessary. However, the Interim Order issued on the divestiture of the shares of Lanka Hospitals Corporation PLC was extended by the court until April 29.

(dailynews.lk)

(This story, originally published by dailynews.lk has not been edited by SLM staff)

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