The Board Technology Committee (the BTC) consists of following members whose profiles are given on pages 14 to 19.
Prof A K W Jayawardane*
Mr S Renganathan*
Mr J Durairatnam*
(Managing Director/Chief Executive Officer)
Retired w.e.f. July 26, 2018
Mr K Dharmasiri*
Appointed w.e.f. March 28, 2018
Mr S C U Manatunge
(Director/Chief Operating Officer)
Appointed w.e.f. July 30, 2018
Ms N T M S Cooray*
Resigned w.e.f. March 28, 2018
Regular attendees by invitation
Mr L H Munasinghe
Mr D B Saparamadu (Consultant)
Mr U K P Banduwansa
(Head of Digital Banking)
|Name||Eligible to attend/ Attended|
|Prof A K W Jayawardane||04/04|
|Mr S Renganathan||04/04|
|Mr J Durairatnam||02/02|
|Mr T L B Hurulle||04/04|
|Mr K Dharmasiri||03/03|
|Mr S C U Manatunge||02/02|
|Ms N T M S Cooray||01/00|
The committee held four (4) meetings during 2018. The proceedings of the committee meetings were regularly reported to the Board of Directors.
This year we focused on customer centricity, operational excellence and IT Governance to drive the Bank to a digital era.
The purpose of the Technology Committee is to assist the Board of Directors in fulfilling its oversight responsibilities with respect to the overall role of technology in executing the business strategy of the Bank including, but not limited to, major technology investment, technology strategy, operational performance, and technology trends that may affect future banking.
The Committee has been empowered to:
Committee is focused on improving the following areas, which will be key components that will drive the Bank to a digital era.
Customer Centricity by creating a positive customer experience at the point of acquisition and post-acquisition along with the evolving technologies and trends in order to enhance day-to-day operations with greater convenience.
Adopting Disruptive Technologies to create a new market and value network to enhance customer experience and convenience.
Operational Excellency to build a sustainable competitive advantage through operations management to cater ever-increasing customer demands using emerging technology.
IT Governance is the processes that ensure the effective and efficient use of IT in enabling the Bank to achieve its goals and objectives. The IT processes (Development/Operational) were reviewed regularly to cater the Bank’s dynamic needs with higher transparency.
The Committee also reviewed significant items for procurement and recommended them for approval by the Board of Directors.
Prof A K W Jayawardane
Chairman – Board Technology Committee
February 22, 2019