BOC boosts Digital Banking with New IT Subsidiary 📈

• Bank of Ceylon (BOC) has received Cabinet approval to establish a specialized IT institute named BOC IT Solutions Ltd. • Core Purpose: To significantly enhance the bank's digital capabilities, optimize IT operations, and drive its overall digital transformation initiatives. • The move is aimed at responding to evolving customer demands and maintaining competitiveness in the financial sector. • The new entity will be staffed with ICT/BPM professionals tasked with delivering advanced information and communication technology solutions. • The proposal was submitted by President Anura Kumara Dissanayake in his capacity as the Finance, Planning and Economic Development Minister. It effectively revives a former support services entity (operational 1992-2007) in a new, focused IT capacity.