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  • Synapsys Displays FSI Technology Expertise at Key Regional Forum
    November, 2008. Synapsys Limited last week showcased their primacy in the region's Technology & Business space by sharing its services and experiences at a top Asian forum.

    DFCC & Synapsys was invited to present at the 2008 Bank Tech Conference held in Malaysia on the 11th and 12th of November, proving their presence in the region, and success in managing core renewal projects.

    Mr. Neville Fernando from Synapsys presented on the topic: "Banking Technologies: Core Renewal comes of Age" and also chaired the second day's sessions at the conference.

    Leveraging on their experience with core renewal projects, both at DFCC and DFCC Vardhana Bank, Mr. Fernando's presentation focused on how to move forward with a core renewal project. It also highlighted the need for a roadmap to implement the decisions, with a strong focus on meeting challenges and avoiding pitfalls that all banks face in these situations.

    Challenges faced by non-commercial banks in entering a commercial banking space also formed the discussions – a widely-debated topic in today's market where mergers and consolidation have come into the spotlight.

    The Bank Tech Conference has gained popularity over recent years, becoming one of the leading technology events in the Financial Services Industry in Asia.

    The forum attracts key financial institutions in the region as well as leading solutions providers in the sector, including world-renowned brands such as Verisign, Cisco, MyKey, and Toshiba. The focal point of the conference was to present insights into the changing face of the financial services industry, and technology that will enable institutions to remain competitive.

    Synapsys is a subsidiary of DFCC Bank, and provides Technology & Business Consulting, Application Lifecycle Management and Managed Services to their target client base. Leveraging on their banking heritage, they have a core focus on the financial services industry, including a specialized team providing consulting for FSI Solutions.