General Banking and Finance

DFCC Bank Powers Businesses with iConnect 2.0: Simplifying Trade, Payments and Supply Chains

DFCC Bank’s flagship digital corporate banking platform, DFCC iConnect 2.0, has already begun transforming the way Sri Lankan businesses manage their financial operations. Since its introduction, the platform has reaffirmed DFCC’s role as a pioneer in simplifying banking and trade, enabling corporates and SMEs to manage trade, payments, and supply chains through a single, secure digital gateway.

iConnect 2.0 goes beyond standard digital banking. It is a strategic enabler, combining cash management, trade solutions, supply chain financing, and API integrations into one unified platform. With real-time connectivity, island wide collection solutions, and automated reconciliation, businesses can improve cash flow, strengthen supplier relationships, and streamline operations without complexity.

Sohantha Wijesingha, Senior Vice President – Head of Corporate Banking at DFCC Bank PLC, said:

“DFCC iConnect 2.0 represents our vision of a digital platform that grows with our clients. From payments and cash management to trade finance to supply chain financing and API integration, every feature is designed to give businesses speed, flexibility, and control. We are proud to provide a solution that simplifies workflows, improves visibility, and empowers Sri Lankan businesses to thrive in a rapidly evolving financial ecosystem.”

The Payments and Cash Management module enables all vendor payments via CEFTs, SLIPs and RTGS payments whilst Virtual Accounts and Cash Collection Solutions simplify reconciliation. With the Trade Finance module, Letters of Credit, Letters of Guarantee, Import and Export Loans, and open account payments can be accommodated, eliminating the need for paper and physical delivery thereby enabling businesses to complete complex trade transactions faster and with greater transparency. The Supply Chain Solution module effectively provides financing solutions to the company’s value chain, unlocking cash and managing their working capital cycles optimally.

With API connectivity, the Bank can seamlessly link with companies directly for automated real-time transactions and reporting.

The platform also introduces a seamlessly integrated web and mobile app, ensuring that clients enjoy flexibility, smart validations, and secure approvals on the go.

More than just a technology upgrade, iConnect 2.0 is a transformation in how DFCC Bank serves its clients, blending advanced digital capabilities with a human-first service ethos. As part of DFCC’s broader digital transformation journey, the relaunch of iConnect 2.0 underscores the Bank’s commitment to empowering Sri Lankan enterprises with innovative, frictionless, and future-ready financial solutions.

About DFCC Bank

DFCC Bank PLC, established in 1955 and listed on the Colombo Stock Exchange since 1956, is one of Sri Lanka’s leading financial institutions. Regulated by the Central Bank of Sri Lanka and rated A (lka) by Fitch Ratings, the Bank offers a comprehensive portfolio of retail, corporate, and SME banking services, along with treasury, investment, and trade finance solutions.

With customer centricity and sustainable innovation at its core, DFCC Bank delivers seamless and secure banking experiences, which include digital platforms like DFCC MySpace, and through a network of 137 branches and access to over 6,000 ATMs via the LankaPay network.

A recognised leader in sustainable finance and renewable energy initiatives, DFCC Bank is committed to reducing environmental impact and fostering long-term economic resilience.