People’s Leasing and Finance launches digital credit applications | Daily News

People’s Leasing and Finance launches digital credit applications

People’s Leasing & Finance PLC launched two digital applications with facilities to provide online leasing facilities and to digitalize and decentralize the cheque printing process.

This new application CAPP will help to provide credit facilities with an online approval via a seamless process improving customer turnaround times.

The DCHEQUE is another revolutionary digital transformation initiative developed by the People’s Leasing IT Team in partnership with People’s Banking. This new payment proposition includes SLIPS, CEFT, RTGS and internal fund transfers options.

This solution is designed and interfaced with People’s Bank to ensure the most secured and controlled way to verify the payments issued by the platform. The entire branch network of the People’s Leasing & Finance PLC can initiate their own payments digitally with e-documents through DCheque. This will facilitate to eliminate the physical signature requirement by enabling digital signature printing, based on a secured approval process.

Expressing the views on this new solution, Sujeewa Rajapakse, Chairman People’s Bank and People’s Leasing Finance & PLC stated that it is a remarkable milestone for both companies as the entire module is set up in-house by exploring the experience and the expertise to provide a unique feature which helps to successfully eliminate the traditional paper base payment process.

Speaking further at the launch of the digital Credit Application (CAPP) and DECHEQUE digital transformation initiative, Shamindra Marcelline, Chief Executive Officer and General Manager of People’s Leasing & Finance PLC said; “One function that can obstruct the flow of sales is the time taken to do with processing credit applications. We fully understand how important it is to support sales with reliable credit evaluations that will help to a successful deal closure.”

ICT (Group) of People’s Leasing & Finance Deputy General Manager Prabath Gunasena, mentioned that since it is fully developed in-house and with local talent which was a highly cost-effective move as opposed to outsourcing.

“Data from various credit information resources can often be interfaced into the credit application process, which supports the evaluation and credit scoring application. Further by virtue of being on line, the entire process can be integrated with the needs of the sales, accounting, legal and other related departments.” Gunasena further explained.

People’s Leasing also recently unveiled its mobile application – PLC Touch – to facilitate a convenient user experience.


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