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Union Bank Honours Long Serving Employees

Union Bank Honours Long Serving Employees

Picture: Chanditha Liyanage (Matara Branch) Roshan Withanachchi (Operations) Kolitha De Silva (OMS Branch) Kanchana De Silva (Operations) Christella Sivapragasam (Kollupitiya Branch) Ravi Jayasekera (Vice President HR) Indrajit Wickramasinghe ( Director/CEO) Sri Ganendran (Vice President Operations) Jamuna Jegasothy (Kotahena Branch) Indika Galahitiyawa (Pilimathalawa Branch) Sailajah Nadarajah(Treasury) Iranthi Karunanayake (Gampola Branch) and Hiran De Silva (Recoveries)

Union Bank’s long service awards recognizes the long standing dedication and commitment of employees that have been a part of the Bank’s progress for over 20 years. Once again the Bank honoured the services of ten employees at an event held recently at the Waters Edge.

Awards of recognition and rewards were presented to them by Mr. Indrajit Wickramasinghe Director / CEO of Union Bank for their unstinted support towards the Bank’s progress for over two decades.

Commenting on the awards, Vice President Human Resources, Ravi Jayasekera said, “The dedication of our employees is the key to the Bank’s success. This year we are very pleased to recognise ten such employees who complete 20 years of service with the Bank. As an organisation we are privileged and proud to have such long serving dedicated employees.”

Union Bank wins award for “Best Bank for seamless back-end operations” at the LankaPay Technnovation Awards 2018

Union Bank wins award for “Best Bank for seamless back-end operations” at the LankaPay Technnovation Awards 2018

Photo caption: Standing L to R : Manisha Fernando- AVP Retail Liability Products and Alternate Channels Union Bank , Yohan Alahakoon- Manager Alternate Channels Union Bank, Wasantha Deshapriya – Chairman of the Panel of Judges and Former Secretary, Ministry of Telecommunication and Digital Infrastructure and Foreign Employment , Dharmasiri Kumaratunge – Director Payments and Settlement Department Central Bank, Anil Amarasuriya Chairman LankaClear, Channa De Silva General Manager/Chief Executive Officer LankaClear.

Union Bank was recognised for its seamless back-end operations at the LankaPay Technnovation Awards 2018 held recently at Shangri-La Hotel Colombo. The award is yet another testament to the bank’s ongoing commitment to technological enhancements for speedy and fast delivery of services to customers and end users. The award was bestowed based on the bank’s exceptional capabilities in, timely delivery, connectivity uptime, business focus, processes and mechanisms related to the product lines.

Commenting on this outstanding achievement, Vice President – Retail Banking of Union Bank, Mrs. Chaya Jayawardena said “We are delighted to be awarded this title. This pays off all the hard work put in by the employees in ensuring the back end operations takes place seamlessly in ensuring the end user is delighted. Digital banking means more than just going paperless. As one of the fastest growing commercial banks in the country, we always believe in offering improved customer experience and delivering faster and more efficient services.”

ATMs have been an important touch point between banks and their customers, providing convenience of 24/7 self-service transactions. As a part of its growth strategy, Union Bank has made significant investments to agile through developing technologies offering customer convenience and ease-of-transaction for its growing base of clients. Powered by a common ATM switch by LankaClear increasing the efficiency of payment management such as CEFTS and SLIPS, focused expansion of its remote ATM network, rolling out of an enhanced digital banking platform, educating the remote communities through collaborated road shows and customization of cash management services are some of such major steps taken by Union Bank to improve its product and service delivery across all customer segments

Union Bank Biz Direct powers UA with cutting-edge Cash Management technology

Union Bank Biz Direct powers UA with cutting-edge Cash Management technology

CEO Union Bank, Indrajit Wickramasinghe presents a plaque to CEO Union Assurance Dirk Pereira. Also in the photograph (from L to R) are, Anura Hettikanda – Senior Manager Life Operations UA, Ruwan Rodrigo –Senior Manager Finance UA, Iroshi Tittagoda – GM Life Operations at UA, Sherine Cadre – GM Finance & Planning at UA, Hiranthi De Silva- VP Wholesale Banking at Union Bank, Asanga Tennakoon – AVP/Corporate Banking Team Head at UB, Pasindu Dharmasiri- Chief Manager/Head of Transaction Banking and Cash Management at UB and Manula Ekanayake – Manager Client integration & implementation at UB.

Union Bank partnered Union Assurance PLC (UA) with the Bank’s revolutionary cash management solution Union Bank Biz Direct, enabling greater cash management efficiency for the leading insurer.

Union Bank is the only local bank to offer a state of the art, end to end payments and cash management solution bundled with Host to Host (H2H) and multi factor authentication modes where clients enjoy the freedom to choose the authentication mode interoperability. Geared for comprehensive fraud prevention and security, Union Bank Biz Direct offers multi factor authentication with Hard/ Pin Pad and Soft /Mobile tokens along with One Time Password (OTP) log-in access. Additionally, SMS and E-mail confirmations are also offered as multiple form factors. The comprehensive claims settlement and cash management system effortlessly integrates with commonly applied ERP (Enterprise Resource Planning) systems while seamlessly integrating across multiple ERPs of a company, thus eliminating layers of complexity and adding a new dimension of convenience and efficiency to cash management functions.

The customised solution, designed and delivered for Union Assurance PLC further offers comprehensive Payments Initiation through the H2H channel while facilitating Receivables, Collections and Reconciliation though MT940 (as per ISO standards) solution which is carefully aligned with the organisation’s current processes, practices and audit standards. Trilingual Corporate cheque counter foil for beneficiaries is another highlight of the system which will mark a milestone for UA and the insurance services industry of Sri Lanka.

Commenting on the partnership the General Manager Finance and Planning of Union Assurance PLC, Sherin Cader said, “Running a business in today’s competitive market space can be quite complex. Business owners must juggle multiple operational demands and ensure products or services meet customers’ needs effectively and efficiently while staying atop the latest technological trends. With so much going on, it is beneficial to streamline some processes to free up time to focus on more value adding tasks. One such area which we at Union Assurance identified is the management of our claims payment process, thereby the cash out flows. This is why we believe that Union Bank’s Biz Direct solution will enable our company to avoid common inefficiencies and risks in the payment process as it is a customisable solution with the right combination of services that can lead to improved security and speed while at the same time increasing business efficiency by freeing up time and resources in-house.”

Commenting on the partnership with UA, Union Bank’s Chief Manager/Head of Transaction Banking and Cash Management Pasindu Dharmasiri stated, “I’m pleased to announce the completion of the inaugural integration of UB Enterprise solution powered through Union Bank Biz Direct for UA, to enable faster, efficient and more precise payments and cash management processes for the company. As one of the trusted cash management partners of one of the leading insurers in the country, we believe that this partnership will afford UA many exclusive benefits by simplifying otherwise cumbersome processes such as Current account management, vendor payment management, cash collection and distribution of dividends. I’m also pleased to note that the experienced members of Union Bank Transaction Banking and Cash Management team has been successful in identifying specific business requirements and business dynamics of UA, thus putting together a customised cash management with right combination of functions that assures optimum results. As we look to roll out this superior technology to other corporates in the country, our capable team of cash management advisors with full understanding of the industries they work with; are well geared to act as financial resources that would enable growth and expansion of businesses, be it SMEs or large corporates.”

Vice President Wholesale Banking of Union Bank, Hiranthi De Silva remarked “Cash management services are evolving rapidly with the aid of technology and many businesses aren’t still taking advantage of these facilities to ease their burdens of collecting, depositing and disbursing funds. Also, some businesses don’t monitor for cheque frauds or unauthorised transactions, which could be a costly oversight if an incident were to occur. Inefficiencies like these that cost businesses both time and money, could be completely avoided with an electronically managed process. Union Bank Biz Direct is one such groundbreaking cash management solution which would change the way businesses manage their cash flows by adding a layer of security while boosting efficiencies by a few notches. We are the only local private commercial bank to offer a comprehensive cash management solution under one product and Union Bank will continue to pioneer this domain by continuously enhancing our Biz Direct solution to meet the changing payment and cash management needs of corporates and SMEs of the country.”

More information on Union Bank BizDirect could be obtained by calling the Bank via 011 2448 047, while existing business banking clients of the Bank could contact the relevant Relationship Manager to avail this facility.

 

Union Bank and UA Project Team
The project team from Union Assurance and Union Bank. Standing (from L to R) are; Chandima Sewvandi, Chamika Hiranthi, Anura Hettikanda, Ruwan Rodrigo, Dinesh Rajapakse and Ranil Silva – from the UA team along with Pasindu Dharmasiri, Manula Ekanayake, Kasun Rochana, Lakmal Mettananda, Tashya Labrooy and Ereka Dahanayake from the Union Bank team.

Union Bank salutes its long-serving employees

Union Bank salutes its long-serving employees

Once again the long serving employees of Union Bank were honoured at the Bank’s annual dinner dance held recently at Waters Edge, where they were felicitated with an award of recognition and rewards. Rajan Shanmugeswaran of the Wellawatte Branch, Oshadi Gunasekara of Internal Audit, Nirosha Kanangara of the Process Control unit were the recipients of the awards this year. This initiative is a part of the Bank’s continued efforts to recognise and appreciate the commitment and dedication of its long serving staff.

Commenting on the awards, Vice President Human Resources, Ravi Jayasekera said, “Embedded within the success of Union Bank are the tireless effortsand dedication of our staff who have remained an integral part of the Bank throughout its progress. We believe that loyal, long-serving employees are one of the biggest assets of the Bank. At a time when changing jobs frequently is becoming a trend, Union Bank is proud to be felicitating long serving employees every year”.

 

Established in 1995 as the 8th indigenous Bank, today Union Bank is amongst the highest capitalized private commercial Banks in Sri Lanka, offering a full range of products and services to personal and commercial financial sectors. Supported by the strength of a global giant, Union Bank has etched for its self a solid foundation of financial stability backed with international know-how and best practices and is rapidly progressing as one of Sri Lanka’s fastest growing Financial institutions.

 

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