Business
SCIENTER Technologies’ eFinancials to Seamlessly Integrate Operations of Mercantile Investments
SCIENTER Technologies (Pvt) Ltd. welcomes on board Mercantile Investments and Finance PLC (MI) as its newest patron. The technology firm recently entered into a Memorandum of Understanding with Mercantile Investments in implementing the full suite of its dynamic, core financial platform – eFinancials. Implemented by over 25 financial service providers, including non-banking financial institutions and banks, the solution has gathered an unmatched reputation both here and overseas, making it one of the most successful, integrated financial platforms in the market.
Designed as a comprehensive software solution, eFinancials is the ideal core technology platform that integrates all main functions and processes related to financial services and transactions. The eFinancials suite of modules and solutions offers the latest features and functionalities for the origination and management of varying loan schemes, savings and fixed deposits, leasing and mobile banking (eWallet), along with the ability to integrate modules for back-end operations such as collections and recoveries, general ledger, treasury and financial management.
The possibilities of the solution are wide-ranging, as it incorporates a flexible and configurable back-end architecture, which gives SCIENTER the versatility to adapt the platform to the requirements of the financial service provider. Moreover, it can be configured to suit the service levels of various departments and personnel.
Commenting on the new partnership, Managing Director of SCIENTER Technologies, Rajiva Witharana notes that ‘It is an absolute pleasure to tie up with Mercantile Investments due to its leading position within the financial services sector. Now, in the implementation process, we have adapted the e-Financials platform to seamlessly integrate MI’s core functions into a single operational platform; this was done while keeping in mind their operational and process requirements. eFinancials provides an extensive range of modules, catering to numerous needs, apart from the most basic functions. Our team is constantly finding new avenues in expanding the suite of capabilities and has succeeded in creating separate modules to manage mobile banking functionalities and exposures to money laundering activities. These are just a few examples of its full capacity, which are absolute requirements to accountable and growth-oriented financial service providers.”
Commenting on the partnership, the COO/Director Non-Board of Mercantile Investments, Mr. Dhanushka Fonseka, stated that the level of service delivered to a client is a critical factor for any organisation to succeed; and that the partnership with SCIENTER and the eFinancials platform will unquestionably enable MI to fill potential gaps and deliver a unique experience to all stakeholders.
Remarking on the industry position of SCIENTER, Mr. Deva Anthony – CFO/Director Non-Board of Mercantile Investments added, “We have seen SCIENTER Technologies evolving and making a mark in technology solutions, especially for the Finance Industry. Mercantile Investments is happy to tie up with SCIENTER to acquire their tailored IT system solutions to enhance the company’s long-term IT strategy towards future business competitive advantage.” Moreover, according to Mr. Prasad Indika, AGM Information Technology at MI, the company is confident in the system’s advanced features and therein its ability to accommodate user needs while trusting that SCIENTER’s experienced and capable staff will enable Mercantile Investment to fulfil their technology needs, to a large extent.
MillenniumIT ESP is overseeing the project management aspect of the implementation, with their team providing an end-to-end management approach. The teams of all three parties will work cohesively to make the turnaround time for implementation as effective and efficient as possible.
SCIENTER Technologies (Private) Ltd. is one of Sri Lanka’s prominent tech solutions providers in enterprise applications and business software solutions – with a journey of over 26 years in the industry. SCIENTER’s portfolio complements the operational requisites of diverse business segments including the financial sector and the hospitality industry (hotels and restaurants), in addition to membership clubs and other commercial segments. Its flagship solution, eFinancials, offers an extensive range of key modules that complement multiple areas such as leasing, loans, recovery, fixed deposits, savings, treasury and internet banking alongside novel and advanced functions such as CRIB management, mobile banking (eWallet), anti-money laundering, audit application, recovery app, recovery call centre, and lead management.
(Photo caption) – Heading the contract signing was Mr. Rajiva Witharana – Managing Director, SCIENTER Technologies (Private) Ltd (centre left) and Mr. Dhanushka Fonseka – COO/Director Non-Board (Mercantile Investments) (centre right).
Pictured from left to centre – Mr. Chandana Nanayakkara – AGM Finance (Mercantile Investments), Mr. Uthpala Gunawardana – Associate Lead, Business Architecture ( MillenniumIT ESP), Ms. Dinushi Suriyaarachchi – Senior Vice President, Head of Sales and Marketing, SCIENTER Technologies (Private) Ltd, Mr. Dhanushka Kollure – Senior Vice President Head of Banking and Finance Services, SCIENTER Technologies (Private) Ltd and Mr. Dinith Galappatthi – Chief Technology Officer, SCIENTER Technologies (Private) Ltd.
Pictured from right to centre – Mr. Prasad Indika – AGM Information Technology (Mercantile Investments), Mr. Sanka Jayasundara – Senior Director, Business Architecture (MillenniumIT ESP) and Mr. Deva Anthony – CFO/Director Non-Board (Mercantile Investments).
Business
PM ‘Rings the Bell’ at CSE to champion financial literacy and investor education
As part of World Investor Week (WIW) 2026, the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) joined stock exchanges around the world in ringing the market opening bell for financial literacy on 5 October 2026, under the patronage of Dr. Harini Amarasuriya, Prime Minister of the Democratic Socialist Republic of Sri Lanka.
World Investor Week is an annual global campaign led by the International Organization of Securities Commissions (IOSCO) to raise awareness of the importance of investor education and investor protection. The “Ring the Bell for Financial Literacy” initiative, pioneered by the World Federation of Exchanges (WFE), brings together stock exchanges and other stakeholders worldwide to promote greater financial literacy and encourage individuals to make informed financial decisions.
The ceremony also marked the 40th anniversary of the CSE and the joint launch by the SEC and the CSE of the Stock Market Game, an online stock market simulation based on the ATrad trading system.
The Stock Market Game enables participants to gain practical experience of how the stock market works, make investment decisions and construct portfolios of listed shares without using real money. The platform is accessible through the websites of the SEC and CSE and is expected to serve as an important practical tool for promoting financial education. It is envisaged that the Stock Market Game will also be used to conduct simulation competitions among universities and the 100 Capital Market Clubs established in schools across the country.
The ceremony also featured the commemorative issuance of a stamp and First Day Cover to mark the 40th anniversary of the CSE. Issued in collaboration with the Department of Posts and the Philatelic Bureau of Sri Lanka, the commemorative stamp and First Day Cover were presented to Prime Minister Dr. Harini Amarasuriya, by the SEC Chairman Snr. Prof. D.B.P.H. Dissabandara and Ray Abeywardena, Director CSE and Chairman of Central Depository Systems (CDS).
Welcoming the gathering, Rajeeva Bandaranaike, Chief Executive Officer of the CSE, highlighted the importance of obtaining reliable information when making investment decisions.
“We operate in a digital world where a vast amount of information and data is disseminated through social media. While some of this information is factual, some may be inaccurate or misleading. When investing in the stock market, it is essential to make informed and prudent investment decisions. Therefore, investors should obtain information and data from reliable and responsible sources and persons before making investment decisions.”
Addressing the gathering, SEC Chairman Snr. Prof. D.B.P.H. Dissabandara emphasised that the SEC’s role extends beyond regulation to facilitating the further development of the capital market.
“The SEC needs to determine how best to introduce the stock market to Generation Alpha, Generation Beta and generations beyond. When it comes to investors, we need to build confidence in the market, because people will invest only when they have confidence in the market.’’
Business
Rs. 5 million worth of prizes to be given at 8th edition of CSE Masterminds Quiz Competition
The Colombo Stock Exchange (CSE) has announced that the eighth edition of the CSE Masterminds Quiz will be held on 9th October 2026, from 3.00 p.m. onwards, at the Main Ballroom, Shangri-La Colombo.
Recognised as Sri Lanka’s premier capital market quiz competition, CSE Masterminds brings together teams from the public and private sectors. Participants will be tested across international business, global markets, current affairs, the Sri Lankan economy and business, the Sri Lankan stock market, and sports and entertainment, before a concluding rapid-fire round.
This year the winning team can win up to Rs. 2,000,000, the runners-up up to Rs. 1,000,000, and the second runners-up Rs. 750,000. Sector awards will also be presented to the highest-performing team from each participating sector. Guest participants will also be able to compete in rounds of Audience questions, and will have the opportunity to participate a raffle draw for three free return tickets provided by Fits Aviation (Pvt) Ltd.
The evening will also include an exclusive after-party with live music provided by the band ‘Doctor’ featuring guest performer Umara Sinhawansa, fine food and beverages, providing an opportunity for networking and celebration. Every participant will receive a premium goodie bag made possible by the support of the event’s sponsorship partners. Collectively, the event will feature over Rs. 5 million worth of prizes, rewards, and giveaways, encompassing championship prizes, sector awards, audience engagement prizes, raffle draw offerings, and goodie bags.
Sponsorship partners include:
Platinum Sponsors: Hatton National Bank PLC and Bartleet Religare Stockbrokers (Pvt) Ltd.
Gold Sponsors: Ex-Pack Corrugated Cartons PLC, Asha Securities Ltd., and Lanka Securities (Pvt) Ltd.
Silver Sponsors: Barista Coffee Lanka (Pvt) Ltd., Capital Trust Holdings (Pvt) Ltd., LOLC Holdings PLC, Arpico Ataraxia Asset Management (Pvt) Ltd., IronOne Technologies (Pvt) Ltd., and LankaPay (Pvt) Ltd.
Co-Sponsors: Access Engineering PLC, Bank of Ceylon, Commercial Bank of Ceylon PLC, CryptoGen (Pvt) Ltd., Deloitte Lanka (Private) Limited, Dialog Finance PLC, Efutures (Pvt) Ltd., People’s Leasing & Finance PLC, Senfin Asset Management (Pvt) Ltd., and Softlogic Stockbrokers (Pvt) Ltd.
Business
NCCSL to conduct practical workshop on food labelling and advertising regulations in Sri Lanka
The National Chamber of Commerce of Sri Lanka (NCCSL) is organizing a one-day practical workshop on “Food Labelling & Advertising Regulations in Sri Lanka” on Thursday, 8th October 2026 from 9.00 a.m. to 4.30 p.m. at the National Chamber of Commerce, Colombo 10. The workshop has been organised to provide a practical understanding of the latest regulatory requirements governing the food products labelling and advertising of food products in Sri Lanka, with particular attention to regulatory developments applicable in 2026, compliance requirements, and the potential legal and financial implications of non-compliance.
As food products increasingly compete not only with quality and price but also on packaging, labelling and promotional claims, businesses must ensure the information they communicate to consumers is accurate, transparent and consistent with applicable regulatory requirements. Understanding these requirements is therefore essential for businesses seeking to protect their brands, maintain consumer confidence, and minimize regulatory and legal risks.
The practical workshop will go beyond an overview of regulations and focus on how businesses can apply regulatory requirements in their day-to-day operations. Participants will be guided through key areas of food regulatory compliance, including the national food regulatory framework, recent food labelling regulations and key changes, mandatory approvals and prohibitions relating to food labelling, and the litigation process associated with regulatory violations. The programme will also cover several areas of growing importance to the food industry, including the EU EMPCO Directive, food colour coding regulations, regulations relating to food trans-fatty acids and the importance of compliance in the use of food additives. Practical exercises will further enable participants to apply their knowledge to real-world compliance situations and strengthen their ability to identify potential regulatory concerns.
For further information and registration, please contact the National Chamber of Commerce of Sri Lanka on 011 4741788 – Nethmi or Udula – 071 403 4775.
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