Lankan Alliance Finance awards ERA InfoTech advanced financial software development contract

(Dhaka) 12th October 2020: Recently Lankan Alliance Finance Limited (LAFL), the subsidiary of the largest state owned bank of Sri Lanka, has awarded ERA InfoTech Ltd. for developing its Core NBFI Solution platform at the LAFL corporate office in Gulshan, Dhaka. The platform is expected to be ready by the end of March 2021.

Jowher Rizvi, Chairman of LAFL in his brief speech mentioned, “Considering the new normal and enabling LAFL’s esteemed clients to access all our services both securely and remotely, we have awarded ERA InfoTech, Bangladesh’s best service provider in this category to implement this advanced digital financial solution.”

Jowher Rizvi, Chairman of LAFL was present on this special occasion while Kanti Kumar Saha, CEO of LAFL and Md. Serajul Islam FCMA, CEO of ERA InfoTech signed the agreement on behalf of their respective companies. The signing ceremony was also attended by the COO of LAFL, Marketing Head and Chief Technology Officer of ERA InfoTech.

About Lankan Alliance Finance Limited:
Established in 2018, Lankan Alliance Finance is a joint venture non-banking financial institution (NBFI) with multinational collaboration, licensed by the Bangladesh Bank. The majority stakeholder of Lankan Alliance Finance is a subsidiary of Peoples’ Bank, Sri Lanka’s largest state owned bank. The local sponsors include large corporates and individuals with an impeccable record and proven goodwill such as Summit Holdings, Rangs Group, Alliance Holdings, Green Delta Insurance, Rabab Fashion and Concept Knitting. With a strong vision for the future and an experienced management team at the helm, Lankan Alliance Finance aspire to provide user-friendly financial services to its clients and introduce innovative technologies for safe and easy money management.

About ERA-InfoTech Limited:
In 2002, ERA-InfoTech Ltd was established as a joint venture IT company formed by Bank Asia Ltd, Ranks ITT Ltd and Sash Tech SG Pte. Ltd. It developed a Centralized Real Time, Web-Based Core Banking Solution both for Conventional and Islamic, Agent Banking, Loan Originating and Approval System, HR & Payroll Management solution, ERP, Micro-Finance solution, Mobile and System critical software for various business houses, including banks, Multinational Companies (MNCs) and the Government. It has a large team of internationally certified software professionals with knowledge in Oracle, Microsoft, Java, etc. ERA has been a pioneer in developing several software solutions in the country. IT solutions for the government like Ektee Bari Ektee Khamar (EBEK) have taken ERA’s capabilities to a higher level and proved the diverse skill sets available in the company.

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