DFCC Corporate Banking offers cutting edge technology-driven financial solutions

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Shamindra Marcelline, Senior Vice President and Head of Corporate Banking of DFCC Bank.

DFCC’s transformation from Sri Lanka’s pioneer development bank to a fully-fledged commercial bank has resulted in the evolution of its corporate banking arm to cater to the diverse needs of its discerning corporate clientele. As a trend setter in the industry, DFCC is well on its way to leverage its extensive institutional resources and network to serve as a loyal partner for its corporate clients.

Central to DFCC’s unique approach to corporate banking is its strife for responsiveness, a key driver to create the right experience for each transaction, seen as a part of the comprehensive customer journey with the bank. Every corporate client is managed by a relationship manager who delivers optimal solutions based on their requirements whether they may be trade/working capital financing, recurring CAPEX, multi-purpose loans for financing mergers and acquisitions or cross-border financing arrangements.

Additionally, DFCC will also offer custom-made collection solutions with a comprehensive suite of innovative services for clients to manage their daily account receivables. This is achieved through DFCC’s extensive branch network and Mobile Teller (MT) collection solution, which provides door-to-door banking for selected corporate customers. In order to further enable customers to easily identify their payers automatically, they can choose to avail themselves to the Digital Deposit Accounts (DDA) solution.

This unique offering does not require a referral code so that corporate clients can effortlessly track their service providers. DFCC’s proprietary Financial Supply Chain Management Service will further increase efficiency levels as it has the ability to provide dealers and suppliers with end-to-end financing solutions via a Straight through Processing (STP) mechanism for invoice settlement. This connects the entire supply chain eco system, under one platform.

DFCC Bank is also a proven leader in delivering and executing trade finance deals across the world via its wide correspondent bank network and highly experienced team of professionals who assist clients in achieving their liquidity and financial goals whilst mitigating the associated risks. These trade financing services come with an unmatched personalization and attention to detail as DFCC Bank believes that borders are not barriers to do business. They strive to support the corporate clientele in accomplishing their business goals locally and globally make DFCC the ideal corporate banking partner.

In terms of the prevalence of technology, DFCC firmly believes in leading the financial industry with the development of innovative solutions to further enhance the customer experience. This is witnessed through their state-of-art payments system, DFCC iConnect; The cash management service that provides the highest-quality payables and receivables solutions in the industry.

Corporate clients are at a unique advantage due to the delivery of a fully integrated payment and cash management solution. With DFCC iConnect, companies can now fully automate their day-to-day transactions and enable services driven by convenience, which allows them to route and receive payments both locally and internationally.

With an employee body comprised of an experienced team of finance experts who understand the transforming local economic landscape and the challenges faced by local institutions, DFCC is fully geared to provide financing solutions that leverage the Bank’s full suite of products and services to offer tailored financial facilities to meet the needs of its local and global institutional clients.

DFCC Bank PLC is a fully-fledged commercial bank offering the full range of commercial and development banking services. The Bank was also ranked amongst Business Today’s Top 30 businesses in Sri Lanka and was placed in the 25th position in Brand Finance Top 100 Most Valuable Brands, 2019. DFCC Bank is rated AA- (lka) by Fitch Ratings Lanka Limited.