International Business Magazine Honours People’s Bank with Best Digital Bank
People’s Bank has been adjudged as the Best Digital Bank in Sri Lanka 2021 by the International Business Magazine. Further, by the same magazine, People’s Bank’s Chief Executive Officer/ General Manager, Ranjith Kodituwakku was recognized as the Banking CEO of the year.
The International Business Magazine Awards honours the best in class achievements across multiple spheres in the International Business and Finance arena.
Sri Lanka’s digital banking sphere has been increasingly becoming competitive throughout recent years and the COVID-19 pandemic in 2020 resulted in a sharp rise in the demand for digital banking solutions. People’s Bank being the largest bank in the country in terms of number of customers and branches, has played a pivotal role in taking digital banking to the masses in Sri Lanka through innovative, powerful and simple solutions.
Being a testament to the popularity of the digital solutions introduced by People’s Bank, its ‘People’s Wave’ mobile banking App remains the most downloaded financial App in the country with over 900,000 downloads. Further, ‘People’s Web’ internet banking portal with enhanced features that deliver exceptional customer experience, is used by over 500,000 customers.
‘People’s Wiz’ Retail Loan Originating System (RLOS) is also one of the Bank’s key innovative digital banking projects which enables the bank to grant personal loans within 24 hours with minimal documentation. ‘People’s Wyn’ is a specially-designed module for corporate clients, which is available both as an internet banking portal and a mobile app. It provides convenience, speed, flexibility and privacy for corporate clients to conduct their banking transactions.
Further, in recognition of the strong leadership provided to successfully drive the digital revolution within the organization, People’s Bank CEO/GM Ranjith Kodituwakku was recognized as Banking CEO of the Year. This award underscores the significant contribution he has made to ensure the organization’s transformation through challenging times by creating the road map for the digitalization and recalibration of the business process.
Ranjith Kodituwakku also serves as a Director of People’s Leasing & Finance PLC, People’s Insurance PLC, People’s Merchant Finance PLC, People’s Travels Ltd, Lankan Alliance Finance Ltd. Bangladesh, Financial Ombudsman Sri Lanka (Guarantee) Ltd, Credit Information Bureau of Sri Lanka, Lanka Clear (Pvt) Ltd, National Payments Council, Sri Lanka Banks’ Association (Guarantee) Ltd, Lanka Financial Services Bureau and Institute of Bankers of Sri Lanka.