Sri Express 
In a remarkable display of excellence within the sphere of financial services in Sri Lanka, LB Finance PLC has garnered an impressive collection of industry awards, demonstrating an unwavering commitment to financial transparency and corporate governance. The company’s stellar performance reflects unprecedented international recognition, with its annual report shining at numerous prestigious platforms. These accolades not only endorse LB Finance’s status as a leading finance entity but also underscore its impact on the financial industry both within its home country and across the South Asian region.
Key Takeaways
- LB Finance secured the most awards for a finance company in Sri Lanka in 2023.
- The company’s annual report received the Silver award at the SAFA.
- At the TAGS Awards, LB Finance was lauded as the Best Finance Company in Sri Lanka.
- The company excelled at the CMA Awards with multiple honors, including Overall First Runner-Up.
- LB Finance’s innovative technology platform earned the Silver award at ICSDB 2023.
Awards and Accolades: LB Finance’s Stellar Recognition in 2023
In a triumphant affirmation of its commitment to financial reporting excellence and corporate governance, LB Finance PLC distinguished itself on several prestigious platforms in 2023. This section highlights the cascade of honors that have rightfully spotlighted LB Finance as a pillar of financial transparency and excellence in Sri Lanka and within the South Asian region.
Shining at SAFA: Celebrating Financial Reporting Excellence
The South Asian Best Presented Annual Report Awards (SAFA), a benchmark for financial reporting standards across the region, saw LB Finance illuminating the stage with a Silver award for their annual report, indicative of the company’s dedication to transparency. Additionally, LB Finance was conferred a Merit award for its exceptional adherence to the principles of corporate governance, further reinforcing its repute for excellence in financial disclosure.
Triumph at TAGS: Non-Bank Financial Institution Gold
At the TAGS Awards, orchestrated by CA Sri Lanka, LB Finance elevated its status as the best finance company in Sri Lanka by clinching a Gold award. This not only solidified its premier standing amongst non-bank financial services providers but also cemented its role as a beacon of quality and reliability in the national financial market.
Kudos at CMA: Overall First Runner-Up and Best Disclosure Accolades
The CMA Awards unfolded as a stellar arena where LB Finance’s prowess in integrated reporting Sri Lanka was magnificently recognized. The company was lauded as the Overall First Runner-Up, further embellishing its achievements with the Special Award for Best Disclosure on Capitals. The accolades extended to LB Finance’s integrated report which featured among the illustrious 10-Best Integrated Reports, signifying relentless pursuit of financial transparency.
Glory at the ICSDB: Innovating for a Digital Future
The ICSDB Award at the International Conference on Sustainable and Digital Business in 2023 was emblematic of LB Finance’s forward-thinking trajectory in digital financial services. A Silver award was bestowed upon the company, championing its innovative platforms developed by the LB Centre for Innovation and Technology. This distinction highlights LB Finance’s alignment with digital evolution and its impactful endeavors in shaping the future of the financial industry.
Innovating for the Future: LB Finance’s Technological Transformations
At the heart of LB Finance PLC’s recent accolades lies a robust commitment to technological advancement and financial innovation. This unwavering dedication is best embodied by the establishment and continued growth of the LB Finance innovation center, renowned as the LB Centre for Innovation and Technology. This hub has become a catalyst for pioneering financial services, harmonizing cutting-edge technology with customer-centric solutions to navigate the digital economy.
The LB Centre for Innovation and Technology
Striving for excellence in innovation, the LB Centre for Innovation and Technology serves as the cornerstone of LB Finance’s foray into advanced financial solutions. The center prioritizes technology research and implements groundbreaking financial technologies that redefine user experience and operations in the finance sector. Its work in launching innovative platforms has garnered recognition, exemplifying LB Finance’s role as a leader in the financial services industry.
A Commitment to Data Protection and Standards Compliance
Information security and data protection are paramount in the financial landscape. Upholding this belief, the LB Centre for Innovation and Technology has achieved ISO 27001 certification, a testament to the meticulousness with which LB Finance guards its clients’ data. The certification echoes the organization’s alignment with the highest international standards for data protection and bolsters trust among customers and stakeholders.
Fostering Partnerships for Research and Progress
Recognizing that innovation thrives on collaboration, LB Finance has forged substantial partnerships spanning industry and academia. Through these strategic alliances, the LB Centre for Innovation and Technology fosters an ecosystem that emboldens technology research and development. Its collaborative approach ensures that LB Finance not only keeps pace with global advancements but also propels the financial sector towards a more innovative and sustainable future.
