PayMedia, a leading FinTech company in Sri Lanka, has once again demonstrated its prowess in digital innovation by winning two prestigious awards at the SLASSCOM Ingenuity Awards 2024. The company secured accolades in the highly competitive category of Best Innovation Product/Project in FinTech and Banking, cementing its reputation as a frontrunner in the industry. PayMedia’s eKYC Solution emerged as the National 1st Runners Up in the Best Innovation Product/Project in FinTech and Banking category. This groundbreaking solution streamlines the customer onboarding process, leveraging cutting-edge technology to ensure compliance with regulatory requirements while enhancing user experience. The eKYC Solution integrates advanced features such as biometric verification, real-time document authentication, and an embedded Anti-Money Laundering (AML) module that includes PEP, Sanction, and Adverse Media checks. The award is a testament to PayMedia’s commitment to innovation and excellence in providing secure, efficient, and user-friendly solutions to financial institutions. By simplifying the onboarding process and reducing the risk of fraud, the eKYC Solution not only benefits banks but also enhances customer satisfaction and trust.
In addition to the success of the eKYC Solution, PayMedia also achieved National 2nd Runners Up for its LankaRemit Solution in the same category. LankaRemit is a comprehensive e-remittance platform designed to facilitate seamless cross-border money transfers. This solution addresses the critical need for a reliable and efficient remittance service in Sri Lanka, enabling users to send and receive money with ease. Winning these awards at the SLASSCOM Ingenuity Awards 2024 is a significant milestone for PayMedia. It reflects the company’s relentless pursuit of excellence and its ability to deliver innovative solutions that address real-world challenges in the FinTech and banking sectors. Kanishka Weeramunda, CEO of PayMedia, expressed his gratitude and pride, stating, “These awards are a recognition of our team’s hard work, dedication, and innovative spirit. We are committed to driving digital transformation in the financial industry and will continue to develop solutions that enhance efficiency, security, and customer experience.” As PayMedia celebrates these achievements, it remains focused on its mission to revolutionize the financial landscape in Sri Lanka and beyond. With a strong foundation of award-winning products and a visionary leadership team, PayMedia is poised to lead the way in the FinTech industry, setting new benchmarks for innovation and excellence.
