LOLC Technologies (LOLCTECH), the pioneering force in transformative technologies and the digital backbone of the LOLC Group, Sri Lanka’s largest and most diversified conglomerate has been honoured with two prestigious national accolades at the National Business Excellence Awards (NBEA) 2025, marking the first national awards in the company’s history. The awarding ceremony was held on 24th July 2025 at the Shangri-La Colombo.

LOLCTECH has transformed from an internal support role into a self-sustaining, independently operated technology company. Today, it serves over 15,000 users locally and internationally across LOLC’s extensive operations. LOLCTECH is also LOLC Group’s centralised shared IT Service Provider, supporting the Group across a wide spectrum of Information Technology and Security services in Sri Lanka and over 26+ countries.

The company has developed four key next-generation products, each carrying LOLC owned intellectual property, which is being leveraged internally across the Group and externally, including on international platforms. These innovations include “FusionX,” Sri Lanka’s first next-gen co-banking platform; “OASYS,” for business process orchestration; the “iHUB,” a universal business interface; and “iPay,” the country’s largest online payment platform. Together, these intellectual properties show LOLCTECH’s ability to provide technology solutions that are ready for the future and have a significant impact, both locally and globally.

Chairman of LOLC Technologies, Mr. Conrad Dias shared his joy at this remarkable accomplishment, remarking, “This recognition emphasis the strength of LOLCTECH’s holistic evaluation and its incredible 20 year journey. I am immensely proud of this national recognition, which celebrates our ability to continually evolve and rapidly adapt to global technology trends. At LOLCTECH, innovation is ingrained in our DNA. We cultivate agility, flexibility, and cutting-edge solutions, always being the first to adopt new technologies and deliver them to the industry.

Deputy CEO of LOLC Technologies, Mr. Prasanna Siriwardena, added, “This award is another Key Performance Indicator in LOLCTECH’s journey, and it would not have been possible without our team. Our employees are industry experts who bring deep knowledge, creativity, and heart into every solution we build, making a real difference every day. Their dedication, relentless effort under tight deadlines, and passion for excellence have brought this victory. LOLCTECH is not just a workplace; it is a Launchpad where employees can build their legacy and where anyone can launch a meaningful and rewarding career. We are proud to represent Sri Lanka’s ICT sector and to strengthen its reputation on the national stage. I am deeply thankful to my team as this award belongs to every member of our team who continues to push boundaries and deliver transformative solutions every day.”

These prestigious recognitions at the National Business Excellence Awards 2025 not only mark the first national accolades in LOLCTECH’s history but also strengthen its role as a catalyst for digital transformation within LOLC and beyond. With its extensive expertise spanning from cybersecurity, system integration, digital banking platforms, proprietary tech development in

cutting-edge technologies, powerful global operations, and resilient digital infrastructure, LOLCTECH continues to set new standards in innovation, cybersecurity, and service delivery.