14 December 2010

Sri Lanka to Promote Finance BPO Services with Investment Professionals Body Tying up with IT Trade Group

13th December 2010, www.lankabusinessonline.com

Sri Lanka's investment professionals body has tied up with the island's software trade group to promote finance business process outsourcing, a statement said.

The deal aims to exploit growing demand for Sri Lankan financial professionals from BPO and information technology firms in India and other outsourcing destinations.

The Chartered Institute for Securities & Investment (CISI) has signed an agreement with the Sri Lankan Association of Software and Service Companies (SLASSCOM) which aims to support capacity building for the financial services sector in Sri Lanka.

Joint initiatives supported by both the CISI and SLASSCOM in Sri Lanka will include promoting Sri Lanka as an outsourcing destination for finance business process outsourcing.

The agreement focuses on the promoting CISI’s qualifications to SLASSCOM member firms working in the Sri Lankan financial services industry.

“Our globally recognized qualifications have experienced a high uptake amongst BPO and IT companies in India and other key outsourcing areas," said Arwa Tapia, CISI Country Head – Sri Lanka and India.

"We are confident these qualifications as endorsed by SLASSCOM will contribute to the development of an adequately trained talent pool to meet the future challenges the industry holds.”

The CISI is the examining, training and membership body for those working in the securities and investment industry, with over 40,000 members globally.

“We see great potential for Sri Lankan IT-BPO companies in the financial services sector," said Dinesh Saparamadu, chairman of SLASSCOM, the trade body representing IT and BPO companies.

"We expect this partnership with CISI will help increase the number of qualified professionals available for the industry, to take advantage of global opportunities in securities and investment domains.

SLASSCOM wants to help the IT-BPO industry increase export revenues.

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