Connect with us

Business

LinearSix celebrates seven years of transforming financial services by unveiling cutting-edge financial solutions

Published

on

LinearSix, a pioneering force in the digital transformation of the financial services industry, proudly marks its seventh anniversary as a leader in promoting financial inclusivity through innovative technology solutions. Since its inception in 2017, LinearSix has played a pivotal role in driving digital growth in Sri Lanka’s banking and financial sector, demonstrating a commitment to advancing financial technology on a global scale.

As Sri Lanka’s banking industry undergoes a dynamic evolution, LinearSix stands at the forefront, leveraging advanced technology and a deep understanding of the local financial ecosystem. Over the years LinearSix has introduced a range of offerings tailored to meet the evolving needs of the banking and financial sectors. They specialise in implementing Fintech software solutions for banks, insurance and NBFI’s for rapid digital transformation, boasting a team of experienced professionals dedicated to delivering robust and reliable implementation, management, and maintenance services of Fintech software, including core banking systems. The organisation’s success lies in its ability to provide transformative solutions to its customers with its expertise in the deep technology domain.

Speaking of the year that passed Mario Gooneratne, CEO at LinearSix said, “The year 2023 was a milestone for LinearSix, witnessing significant growth in various areas. The team expanded from 30 to 50 highly skilled professionals, and we hope to further strengthen our workforce, by employing an additional 50 members from Sri Lanka to our team making it 100-strong by the end of 2024. This expansion is part of the strategic plan to broaden our international reach in the fintech space. In 2023, we successfully expanded our business footprint to the GCC, Malaysia, Singapore, and Australia. In the coming year, we are set to target the entire MENA region, India, Thailand and Bangladesh, while also expanding its network in East Asia and Australia.”

LinearSix’s flagship product, the proprietary solution “Lime,” stands out as a leading edge in the realm of digital transformation in banking and finance. Lime empowers banks to harness the power of data analytics and automation, offering a modern and lean next-generation enterprise architecture to modernise banks and set the foundation to launch digital services cost-effectively. The Lean Digital Core technology, with its contextual conversational-based user interface, extensive integration capabilities, readiness for AI and multi-device compatibility on various mobile and tab platforms, is set to undergo further enhancements in 2024. This will enable banks to navigate challenges associated with legacy systems, ensuring cost-effectiveness, adaptability, and a customer-centric approach through digital transformation.



Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

“ViYASA” National Business Facilitation Centre (NBFC) to be opened tomorrow (22)

Published

on

By

The National Business Facilitation Centre (NBFC), which is being established under the Presidential Secretariat with the aim of removing administrative and regulatory barriers that exist among government institutions in relation to investment and industry and expediting these processes, will be opened tomorrow (22).

The centre is being established on the President’s initiative with the aim of bringing about a positive transformation in the industrial sector. The centre will provide solutions to issues that arise in dealing with the government machinery when starting and operating a business, while also coordinating with the relevant government institutions to provide the necessary facilities.

The “ViYASA” National Business Facilitation Centre (NBFC) has been established at Building C-80, Hector Kobbekaduwa Mawatha, Colombo 07, and is headed by Senior Additional( Secretary to the President, Seevali Arukgoda.

The centre will be opened under the patronage of Minister of Labour and Deputy Minister of Finance and Planning Dr Anil Jayantha Fernando and Minister of Industry and Entrepreneurship Development Sunil Handunnetti, with the participation of Secretary to the President Dr Nandika Sanath Kumanayake.

The website https://nbfc.presidentsoffice.gov.lk is also scheduled to be officially launched on the occasion.

President’s Media Division)

Continue Reading

Business

Charting a worker-centered AI future: Colombo hosts landmark ITF conference

Published

on

The ITF’s first-ever AI-focused global conference and the first of its kind hosted in Sri Lanka

By Sanath Nanayakkare

Artificial intelligence and automation present serious challenges for workers – such as job consequences seen in docks and rail systems – and emphasises that workers cannot simply stop technological progress. By gathering young trade unionists in Sri Lanka, the ITF aims to establish key principles for engaging with technology, ensuring workers have a strong voice at the bargaining table, and encouraging constructive social dialogue with corporations and governments.

These compelling words from ITF General Secretary Stephen Cotton underscored the urgent reality facing modern labor as rapid technological advancements sweep across global industries.

Confronting this shifting landscape head-on, the International Transport Workers’ Federation (ITF), in partnership with the National Union of Seafarers of Sri Lanka (NUSS), convened a ground-breaking conference on artificial intelligence in Colombo from September 15–17.

As the ITF’s first-ever AI-focused global conference and the first of its kind hosted in Sri Lanka, the landmark event marked a critical milestone in balancing technological innovation with worker-centered safeguards.

Representing over 16.6 million transport workers worldwide, the ITF designed the gathering to tackle the multifaceted impacts of AI on safety, operations, workforce development, and governance. Rather than resisting progress, the conference focused on proactive engagement, establishing guiding principles to protect workers’ rights and privacy both at sea and on land.

Key discussions centred on sharing best practices for upskilling and reskilling transport personnel, ensuring that human oversight remains central to AI-driven logistics, routing, and maintenance.

Reflecting on the historic nature of the event, Boa Athu, CEO of National Union of Seafarers Asia Pacific, noted that the conference represented a monumental moment as AI emerges as a permanent fixture of contemporary life.

Highlighting NUSS’s pride in hosting the event in Colombo, Athu emphasised that AI offers transformative potential when guided by strong social dialogue, equitable access to training, and robust governance safeguards.

Ultimately, the Colombo conference demonstrated that the future of transport must be shaped by those who keep the world moving. By uniting international labour leaders, affiliates, port operators, and regulators, the event laid a vital foundation for inclusive policy frameworks that champion fair labour standards, securing a powerful voice for workers in an automated tomorrow.

Continue Reading

Business

Bridging the digital divide: Sri Lanka’s airport licence challenge

Published

on

As tourism surges from digitally advanced markets like India, modern independent travelers arriving at BIA find themselves caught in a mismatch between cloudstored credentials and local paper-based transport protocols.

By Sanath Nanayakkare

As Sri Lanka experiences a surge in visitors from its largest tourist market, India, a modern administrative hurdle has emerged at Bandaranaike International Airport (BIA).

While nations like India and Pakistan have successfully transitioned to fully digital driving licences and cashless ecosystems, Sri Lanka’s Department of Motor Traffic counter still requires a physical card to issue temporary local permits, The Island Financial Review learns.

This mismatch creates significant friction for independent travelers who rely entirely on smartphones and cloud-stored credentials. Tourists turned away at the airport – and sometimes redirected to the Werahera office in vain – find themselves unable to legally rent and drive vehicles. Consequently, this policy gap harms local car rental operators, causes tourist frustration, and deprives the government of valuable permit revenue.

The situation highlights a distinct irony: Sri Lankan motorists easily travel abroad using International Driving Permits that are readily accepted in India and Pakistan, yet local infrastructure cannot reciprocate due to outdated verification systems.

Recognizing the problem, Department of Motor Traffic officials have noted that upgrades and new equipment are currently in the works to integrate foreign digital platforms.

For a nation aggressively pursuing a national digitalisation drive, rapidly modernising these transport protocols is essential to keeping pace with global travelers and unlocking the full potential of its tourism economy.

Continue Reading

Trending