Fusion Financial Solution Suite
The Fusion Financial Solution Suite (FUSION FSS) is the core banking solution of LOLC Technologies which has been developed and perfected within the company to become an award winning enterprise application in Sri Lanka.
Fusion FSS includes core modules to support and automate end to end Lending Management (Fusion LM), Savings Account Management (Fusion SA), Gold Financing (Fusion PB), Deposit Management (Fusion DM) specially designed for Non-Banking Financial Institutions (NBFI) such as Specialized Leasing Companies and Finance Companies. Enabling Fusion Islamic Banking and Lending (Fusion IBL) module will enable fully sharia'h compliant functionality across lending and borrowing functions of Fusion FSS. Fusion Micro Financing (Fusion MF) module covers micro financing functions of a typical micro financing organization including state of art mobile enabled extension for handling remote collections.
Award winning Fusion FSS was recognized by ISACA (Information Systems Audit and Control Association), NBQSA (National Best Quality Software Awards) and SLIBFI (Sri Lanka Islamic Banking and Finance Industry) for its outstanding security features, creativity in handling business processes and overall solution design. ISACA recognized Fusion FSS as the only award winning solution in 2010 category of application security. NBQSA awarded Fusion FSS with a bronze award under financial applications category in 2011. In 2013, SLIBFI recognized the IBL module of Fusion FSS in its inaugural awards ceremony and granted a silver award in the category of solutions which supported the growth of the Islamic Financing sector of Sri Lanka.