Seylan Bank has become the first Sri Lankan bank to comprehensively expose all APIs as Web Services with its successfully adoption of the Fiorano Hybrid Integration Platform (HIP), United States-based Fiorano Software, a leading Enterprise Integration Middleware, API Management and Banking Solutions specialist announced.

With the new technology, the bank is expected to achieve accelerated Time to Market and Faster Adoption of New Products and Services.

The solution was implemented by Fiorano’s local partner, Transnational Group.

Fiorano HIP effortlessly integrated the bank’s Core Banking System, Finastra Equation, and Payment Switch (Euronet) on AS/400, iSeries IBM server, with other applications on Unix and Microsoft based systems.

“In 2018, Seylan embarked on an ambitious Digital Drive; moving to a microservices-based platform like Fiorano has helped in our journey towards integrating new technologies via Web Services on our ESB platform to integrate and develop new services faster with greater security and agility,” Seylan Bank, CIO, Harsha Wanigatunga said.

Transnational Group, Country Director, Sunimal Weerasooriya said that the technology would facilitate and enable the Bank on a very successful digital journey, whilst responding to the constantly changing market demand rapidly.”

“We are happy to have successfully completed the Fiorano middleware stack implementation at Seylan Bank, which was a very comprehensive implementation covering all facets of the business and a commendable team effort,” he added.

Seylan Bank has US$2.84 Bn in assets. It was ranked second for transparency in corporate reporting by Transparency Global, has been endorsed as financially stable with performance excellence by Fitch long-term Rating revised upward, from ‘A-(lka)’ to ‘A (lka)’, and is now part of the S&P Dow Jones SL 20 Index.

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