MillenniumIT ESP, a leading provider of enterprise technology solutions, has partnered with DFCC Bank PLC to achieve a significant milestone in banking data security. Together, they have successfully introduced Transparent Data Encryption (TDE) into DFCC Bank’s core banking system—the first implementation of its kind in Sri Lanka.
This strategic initiative reinforces DFCC Bank’s commitment to adhering to the stringent Payment Card Industry Data Security Standard (PCI DSS), enhancing data security and fostering customer trust. The pioneering project sets a new benchmark for compliance and data protection within Sri Lanka’s financial sector, showcasing MillenniumIT ESP’s expertise and dedication to excellence. The implementation was carried out seamlessly, integrating TDE into the bank’s core system without disrupting daily operations. Comprehensive testing ensured full PCI DSS compliance, and ongoing support from MillenniumIT ESP will maintain the system’s optimal security and performance.
Shevan Goonetilleke, CEO of MillenniumIT ESP, stated, “This is a proud moment for us. Partnering with DFCC Bank to implement Sri Lanka’s first Transparent Data Encryption solution demonstrates our commitment to innovation in the financial sector. Together, we’ve established a new benchmark for secure and efficient banking.”
Vindya Solangaarachchi, Chief Information Officer at DFCC Bank PLC, highlighted the initiative’s impact, saying, “At DFCC Bank, we prioritise customer trust and data security. Collaborating with MillenniumIT ESP on this groundbreaking project has strengthened our defences against evolving cyber threats and reaffirmed our leadership in secure banking practices.”
The deployment of TDE marks a transformative step in Sri Lanka’s data security landscape, extending its significance beyond the financial sector. It exemplifies how partnerships between technology providers and institutions can drive advancements in cybersecurity and data protection. By setting this benchmark, MillenniumIT ESP and DFCC Bank are inspiring the broader adoption of cutting-edge security solutions across the industry, fostering greater trust in Sri Lanka’s financial and technology ecosystems.
About MillenniumIT ESP
MillenniumIT ESP is a global provider of purpose-driven technology solutions, delivering agile and adaptive enterprise solutions to businesses worldwide. With nearly 30 years of experience, the company addresses both current and future business challenges through innovative technology.
Headquartered in Sri Lanka, MillenniumIT ESP has expanded its presence to Bangladesh, Singapore, Dubai, and Australia, with its latest addition, the Global Service Delivery Centre, based at Port City Colombo, Sri Lanka.
The company offers a comprehensive portfolio of enterprise solutions, including infrastructure platforms, network solutions, cybersecurity solutions, cloud services, managed services, software, and automation. Serving a diverse range of industries—Telecommunications, Banking and Financial Services, Government, Manufacturing, Retail, and other Commercial sectors—MillenniumIT ESP is committed to reimagining and reinventing the global technology landscape.
With deep industry expertise, a digital-first mindset, and a commitment to flawless execution, MillenniumIT ESP has successfully completed over 2,000 projects and served more than 500 customers worldwide.
About DFCC Bank PLC
DFCC Bank PLC is one of Sri Lanka’s pioneering financial institutions. Listed on the Colombo Stock Exchange since 1956 and backed by nearly seven decades of banking expertise, DFCC Bank is recognised as one of the nation’s most reliable and enduring banks.
Regulated by the Central Bank of Sri Lanka and rated A- (lka) by Fitch Ratings, DFCC Bank offers a comprehensive suite of services, including corporate, retail, and SME banking, as well as treasury, investment management, and international trade finance solutions.
