March 4, 2021
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2min

04 March 2021, Colombo: Samsung Electronics returns to the realm of Fortune’s top 50 most admired companies for the first time in two years, having been recognized for excelling in various areas of operation. As of February 1, 2021; Samsung Electronics has an All-Star Rank of 49 on Fortune’s list.

Samsung Electronics was ranked 49th with an overall score of 7.56, up 0.6 points from last year. The company was awarded 1st place in a multitude of categories including Innovation, Quality of Management, Long-Term Investment Value, Quality of Products/Services, and Global Competitiveness. Samsung Electronics also ranked 2nd in People Management, Use of Corporate Assets, Social Responsibility, and Financial Soundness.

Samsung Electronics is the only South Korean company to be included in Fortune’s top 50 companies in 2021 which is a phenomenal achievement. Samsung Sri Lanka is currently ranked as the number 1 in electronic brand in Sri Lanka by Brand Finance Lanka, further cementing its place in Fortune’s Top 50.

It was all the way back in 2005 when Samsung Electronics was named one of the ‘World’s Most Admired Companies’ by Fortune for the first time. It was ranked 39th and the company kept climbing up Fortune’s ladder in the years to come, achieving 21st place in 2014.

 

 

 



 

 

 


November 8, 2017
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4min

Colombo-based Fortunaglobal (Pvt) Ltd, a leader in omni-channel banking software solutions for Sri Lanka’s FinTech sector has started rolling out its software (soft) token solution to local banks. Offering up a higher level of security that is time based, this solution is a better option when compared to the more expensive hardware tokens.

Part of Fortunaglobal’s Affluence omni-channel banking and financial services platform, which is widely recognized as being the benchmark for Sri Lanka’s FinTech sector, the Affluence Soft Token is a software-based security token that generates an One Time Password (OTP).

For banks and financial institutions that are looking to introduce additional layers of security, especially for overseas clients who significantly benefit from a short-lived OTP via SMS, this solution offers a great relief from a major pain point. Further, easy integration, via standard APIs, with any third party solution is an added advantage. Importantly, the solution works seamlessly with any bank’s existing Internet Banking or Mobile Banking solution.

A replacement for hardware tokens, this solution provides a distinct OTP for each activity, from a shared secret key that is unique to the mobile application installed on one’s smart device.  Affluence Soft Tokens add even greater levels of security to Affluence-based banking transactions since, even if an user’s traditional password is stolen or compromised, attackers cannot gain access without the OTP, which changes after a set period of time.  The benefits of the Affluence Soft Token also include its flexibility and ease of use, while also being very cost effective in comparison to the more expensive hardware tokens. An OTP can also be generated offline, without the requirement of any sort of network coverage.

Further, the Affluence Soft Token also offers numerous other features, from secure transactions with two factor authentications, to allowing end-users to securely generate the OTP from their desired mobile device, as well as giving them the option to revoke and re-activate Soft Tokens using the same simple activation process. It even provides enhanced compatibility with a wide range of mobile devices.

Commenting, Fortunaglobal CEO Suren Kohombange said, “Not only is our Affluence Soft Token solution cost effective compared to more expensive hardware tokens, it also offers greater security. At the same time, it continues to be flexible and simple to use. All the hallmarks of a revolutionary product that can help banks and financial service companies immeasurably.”

With the backbone of an unparalleled team of experienced technologists, consultants, researchers and designers buoyed by a resilient passion focused on treading beyond the norms of traditional sales and marketing parameters, Fortunaglobal has, for over 10 years, guaranteed a real-time knowledge of customer behaviors and trends, delivering the next generation in consumer-driven omni-channel digital platforms.

Fortunaglobal’s Affluence suite of B2B and B2C digital banking solutions currently provides next generation services via an omni-channel platform that fast tracks and evolves the delivery of banking and financial services, while at the same time simplifying them for banking staff and end-consumers.



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