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DFCC Bank has selected System Access' flagship product netSYMBOLS to upgrade its computer system and implement a core banking solution. By utilising netSYMBOLS, DFCC Bank aims to raise the level of customer service to its growing customer base while expanding its scope of operations.

The Bank will be implementing net SYMBOLS Loan Origination, Commercial Lending, Deposit, Treasury and Knowledge Manager modules.

"Our bank whilst expanding its operations in commercial lending, corporate finance and capital markets plans to leverage its valuable customer base by offering new products and services. netSYMBOLS has the flexibility to facilitate product development to satisfy needs of our customers and implement an integrated suit of business application systems that can evolve to meet the changing business needs of the bank" Sidath Wijeratne Senior Vice President (IT) of DFCC Bank said. He said, "The flexibility of netSYMBOLS to accommodate the existing loan portfolio together with its differentiated features and the ability to deploy and interface seamlessly to Oracle based products were critical prerequisites for the selection of the system".

netSYMBOLS application architecture is centred round a customer relationship foundation that facilitates customer knowledge, interaction, and relationship development and also enables the bank to manage risk at the customer relationship level. With the adoption of J2EE as its technology standard and the architectural flexibility, it gives the bank better efficiency in managing the time, to focus on its core business processes while laying a secure foundation for the banks' future expansion.

"We are delighted to be chosen by DFCC to support their banking functions. The bank carried out an extensive evaluation exercise, looking at every aspect of technology and functionality and netSYMBOLS proved to be well equipped for the task. System Access will be providing training to the staff of DFCC on its development methodology and enabling the in-house team in the implementation process" Alex Ly, Director, Business Development, System Access said.

MphasiS-BFL will conduct the Project Management for this implementation. Headquartered both in Bangalore and California, MphasiS has a very strong presence in the Banking/Financial sector and is assessed by KPMG at SEI level 5 and ISO 9001. MphasiS' key value differentiators are globality, architecture practice, financial sector domain expertise, project management methodology, strong development bandwidth and result-focuses engagement models. A financially robust company, MphasiS has a very strong presence in the Banking/Financial sector with an impressive client list including JP Morgan Chase, Citi Group, HSBC, ABN Amro, Shinsei Bank, Standard Chartered Bank, Schwab, ICICI Bank, and Saudi American Bank to name a few. 

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