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The Sri Lankan banking industry was changed during the late 1980s with the introduction of automation by private banking corporations. [10] Previously, few foreign banks were operating within Sri Lanka with few branches such as Hongkong and Shanghai Banking Corporation, etc. HSBC was using interactive electronic customer interfaces such as automated teller machines (ATMs).
FinTech Association of Sri Lanka (FASL) is an independent, not-for-profit cross-industry organisation representing Sri Lankan and the global FinTech community to support the development, innovation and investment in the FinTech sector.
Sri Lanka: Central Bank of Sri Lanka ; Securities and Exchange Commission (SEC) ; Insurance Regulatory Commission of Sri Lanka (IRCSL) Suriname: Central Bank of Suriname: Sweden: Financial Supervisory Authority (Finansinspektionen) and Swedish Inspectorate of Auditors (Revisorsinspektionen) Switzerland
The Board of Investment of Sri Lanka (BoI) (Sinhala: ශ්රී ලංකා ආයෝජන මණ්ඩලය Shri Lanka Ayojana Mandalaya) is the investment promotion agency of Sri Lanka. It was established in 1992, expanding the scope of the Greater Colombo Economic Commission (GCEC) which was formed in 1978. [ 2 ]
Lanka Puthra Development Bank; National Development Trust Fund; National Insurance Trust Fund; National Lotteries Board; National Savings Bank; People’s Bank; Public Private Partnership Unit; Rajarata Development Bank; Ruhuna Development Bank; Sabaragamuwa Development Bank; Securities and Exchange Commission; Sri Lanka Accounting and Auditing ...
Housing Development Finance Corporation Bank of Sri Lanka (HDFC) National Savings Bank; Regional Development Bank (Pradheshiya Sanwardhana Bank) Sanasa Development Bank; Sri Lanka Savings Bank; State Mortgage and Investment Bank; Source: Central Bank, September 2020 [2]
The General Direction No 01 of 2018 as per the Monetary Board of the Central Bank of Sri Lanka under section 44 of the Payment and Settlement Systems Act No 28 of 2005 came into immediate effect as of 25 July 2018 implies to the operations of the Common Electronic Fund Transfer Switch, Lanka Clear (Pvt) Ltd and members of CEFTS. [8]
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]