Openarc automates HDFC with ‘Skybank’
With the fast growth of the industry, HDFC is expanding its business in to Finance Leasing business sector in line with their business strategy. HDFC has selected the “SkyBank”of OpenArc as the preferred software solution to support its Finance Leasing business after a comprehensive evaluation of available products through a standard RPF tender.
OpenArc Systems is a leading application software and service provider in Sri Lanka in the Leasing, Merchant Banking & Finance markets and OpenArc claims of a 75 percent market share in Sri Lanka. OpenArc is determined to provide the best support services to its clientele with its life time guarantee. This has been possible with its very strong human resource pool that has been built up by OpenArc through its own IT Education arm; OpenArc School of Business & Technology.
“As part of our diversification programme, Finance Leases is a priority area. HDFC Bank has already obtained approval from the Central Bank of Sri Lanka to carry out finance lease and we are in the process of finalizing all arrangements to commence this product in September 2013. We consider the tie-up with OpenArc Sky Bank Solution is unique as they are the pioneers in the market with application solution and service provider and we are confident that we could maintain a strong partnership in the long term” commented Nimal Mamaduwa, General Manager/ CEO of HDFC Bank. OpenArc Systems CEO, Daya Hettiarachchi expressed said, ”with the experience in the software industry for over two decades, primarily as a successful product-based company, OpenArc has captured the market leadership in Sri Lanka for their products in many sectors and earned a reputation as a long term quality IT service provider.