Pan Asia Bank Upgrades Digital Infrastructure with IBM Boosting Performance 40% in Sri Lanka

Pan Asia Banking Corporation of Sri Lanka has partnered with IBM to modernize its digital infrastructure, aiming to provide faster, more secure, and real-time banking services to meet evolving customer demands for personalized experiences, transparency, and security. The upgrade includes advanced servers, AI-powered application monitoring, and scalable data storage solutions, leveraging IBM Power10 servers, IBM FlashSystem storage, and IBM Instana for comprehensive performance monitoring. This collaboration, executed with business partner South Asian Technologies, has led to a 40% increase in application performance and a 50% reduction in the time required to launch new services, while also improving uptime and reducing operational costs. Pan Asia Bank’s Chief Information Officer, Kanchana Devasurendra, emphasized that this transformation would strengthen customer relationships and accelerate innovation capabilities. IBM India & South Asia Managing Director Sandip Patel highlighted the significant opportunities for digital transformation in Sri Lanka and expressed pride in collaborating with forward-thinking institutions like Pan Asia Bank. Overall, these enhancements position Pan Asia Bank to better serve Sri Lankan customers and drive digital innovation in the banking sector.