Alliance Finance PLC, a well reputed finance company in Sri Lanka with over 75 branches located country wide, recently signed the agreement with OpenArc Systems Management (Pvt) Ltd. to launch BankFair.
BankFair is a customer onboarding platform with unique features, developed by OpenArc Systems Management (Pvt) Ltd. for Banks and other Financial Institutions (BFIs). Using the platform any prospective customer can make requests for financial facilities. The facility could be any type of a loan, lease or a deposit. BFI’s Marketing Officers will receive requests and make offers through the platform which is running on cloud and managed by its service provider OpenArc Systems Management (Pvt) Ltd. BankFair provides a market place for any BFI officer to meet customers and discuss the requirements, do the initial screening, recommend the prospective customers to the respective Core Banking System of the BFI. There are multiple modes available for the BFIs to capture new businesses using BankFair.
Alliance Finance has been with OpenArc as a customer since 2001 using OpenArc’s InBank Finance System.
In the picture above, representatives of the two companies are seen exchanging the agreement after the signing event that took place in the head of office of Alliance Finance. L to R – Mr. Lushan Perera (Senior Manager Marketing and Branding, Alliance Finance), Mr. Ajantha Kumara (Chief Commercial Officer, Alliance Finance), Mr. Prabhath Nedurana (General Manager – Software, OpenArc), Mr. Akila Delapalage (Head of Cloud Developments/RAD, OpenArc).