Anuradha Perera
In today’s digital era, finance is always evolving. The Technnovation Awards shine brightly, showcasing Sri Lanka’s FinTech creativity. This special FinTech recognition and financial technology honors event happens at the beautiful Shangri-la Hotel in Colombo. Everyone is looking forward to the 2024 event. People are excited to see how it will help Sri Lanka’s economy grow.
Winning a top FinTech award means more than just getting a trophy. It lights a fire of inspiration across the industry. Awards like the ‘Most Popular Digital Payment Product of the Year’ are up for grabs. The story leading to March 20, 2024, is filled with progress and strength. The LankaPay Technnovation Awards, now in their sixth year, do more than honor achievements. They stand for Sri Lanka’s unending strive for greatness in FinTech.
Key Takeaways:
- LankaPay’s Technnovation Awards are a prestigious nod to innovators in Sri Lanka’s financial technology landscape.
- The awards’ sixth edition is anticipated to challenge and uplift the FinTech sector.
- An online poll for the ‘Most Popular Digital Payment Product of the Year’ kicked off the celebration, spotlighting consumer engagement.
- With overwhelming transaction volumes, these awards signify the expanding scope and influence of digital payments in Sri Lanka.
- Winners of these awards will exemplify dedication to customer convenience and financial inclusivity, hallmarks of true digital transformation.
Unveiling the Significance of Technnovation Awards: Recognizing FinTech
The dawn of the Technnovation Awards has solidified Sri Lanka’s lead in financial tech innovation. Each year, these cutting-edge FinTech awards honor the brilliant efforts towards financial service digitization. They carve new roads for prestigious FinTech recognition.
An Overview of Technnovation Awards and Its Objectives
Since 2017, the Technnovation Awards by LankaPay have marked a visionary era. Their aim is to recognize and reward leaders of financial technology innovations. These awards serve as real acknowledgments of their vital role in the digital transactions field.
The Role of LankaPay in Fostering FinTech Innovation
LankaPay, as the technological backbone of the nation, drives Sri Lanka’s digital transformation. They aim for global recognition by enhancing efficient and innovative financial transactions. The Technnovation Awards thus spotlight the exceptional contributors to this finance transformation.
Key Figures Behind Technnovation Awards and Their Visions
Leaders like LankaPay Chairman Dr. Kenneth De Zilwa, CEO Channa de Silva, and Judges Chairman Rajeeva Bandaranaike are the force behind the awards. Together, they focus on the power of teamwork. This unity aims to boost digital payments and evolve the economic scene.
Statistical Highlights: A Quantum Leap in Digital Transactions
The growth in digital transactions is impressive. LankaPay’s network is key to this growth. It has seen significant increases in financial transactions, with over Rs. 27 trillion moved in fiscal year 2022/23. Compared to last year’s Rs. 18 trillion, this shows the escalating influence of the Technnovation Awards in financial evolution.
Echoes of Triumph: 2024’s Distinguished FinTech Innovators
The 2024 Technnovation Awards highlighted innovation in Sri Lanka’s FinTech field. Dialog Axiata’s genie won the gold for ‘Best Mobile Application for Retail Payments’. This shows the app’s wide use and smooth user experience.
Dialog Finance earned the ‘Financial Institution of the Year for Best Digital Payment Strategy’. This award shows their effort to make digital finance accessible for all. It highlights their role in pushing for innovation in digital finance.
- Dialog Axiata’s genie: Redefining digital wallet and payment applications
- Best Digital Payment Strategy: Driving financial inclusivity through innovative solutions
- Best Mobile Application for Retail Payments: Catering to changing consumer needs with agility
These wins signal Sri Lanka’s push for digital and financial growth. They mark a new chapter of success in the nation’s growing FinTech sector.
A Look into the Future: Inspirations from Technnovation Awards’ Legacy
The LankaPay Technnovation Awards 2024 has just ended. Its success sets a great example for the future. The Bank of Ceylon won the Overall Gold Award for Excellence in Digital Payments. They led the way in the banking sector. Their win shows how important digital transactions are for our economy’s growth. This achievement points to a future where digital financial solutions are key for efficiency and advancement.
The Technnovation Awards gave out more than 46 awards in 12 categories. This shows the wide range of innovation in Sri Lanka’s financial scene. These awards highlight the drive for customer convenience and financial inclusivity. The winning institutions are setting new standards in digital finance. They inspire others with their innovative solutions and commitment.
These winners are shaping Sri Lanka’s financial services for the better. They’re making sure it stays competitive and strong in a digital world. The Technnovation Awards’ legacy gives a clear vision for the sector’s future. It shows a world where the Bank of Ceylon and similar institutions lead in innovation. Even as the awards end, they push for more digital technology use in finance. They encourage a move towards an inclusive, digital-first economy.
