Fintech Association of Sri Lanka

Fintech Association of Sri Lanka

Founded	2018
Type	Non-Governmental Organisation
Focus	Fintech
Location	Colombo, Sri Lanka
Area served	Sri Lanka and wider Asia (by collaborations)
Key people	Rajkumar Kanagasingam, President Suranga Mendis, Vice President Rifas Raseek, General Secretary
Website	www.srilankafintech.org

Fintech Association of Sri Lanka (FASL) booth at Singapore FinTech Festival 2022

FinTech Association of Sri Lanka (FASL) is an independent, not-for-profit cross-industry organisation representing Sri Lankan and the global FinTech community to support the development, innovation and investment in the FinTech sector. ^{[1] [2] [3] [4] [5]}

FASL is closely collaborating with the Central Bank of Sri Lanka (CBSL) on fintech-related issues; and a number of fintech events related to FASL were represented by CBSL. ^{[6] [7] [8] [9]}

History

Establishing ‘Fintech Association of Sri Lanka’ was initiated at the ‘Fintech Meetup’ of the ‘Asia-Pacific Executives Forum’ which was held at Hilton Colombo in 2018; where the Central Bank of Sri Lanka Assistant Governor also participated and delivered a speech on regulatory role of Central Bank on Fintech. ^{[10] [11]}

Governance

FASL is governed by an executive committee that consists of a president, vice president, general secretary and other committee members. The executive committee is advised by an advisory board consisting of industry experts. ^[12]

Collaborations

The Fintech Association of Sri Lanka (FASL) engages in international partnerships, education initiatives, and policy-related activities supporting the country's fintech sector.

International networks: FASL has signed memoranda of understanding with fintech associations in Singapore, Hong Kong, Japan, the Philippines, and Indonesia, and is a partner of the ASEAN Financial Innovation Network (AFIN). It is also an ecosystem partner of the Dubai International Financial Centre Innovation Hub and Elevandi, an organisation founded by the Monetary Authority of Singapore. ^[13] and ASEAN Financial Innovation Network. ^[14]

Event participation and hosting: The association has participated as a partner or co-organiser in regional fintech events such as the Singapore FinTech Festival and Hong Kong FinTech Week. It has also hosted and co-hosted international events in Sri Lanka, including the regional round of the FinTech World Cup (2025) and the Asian Digital Finance Forum & Awards (2025). ^{[15] [16] [17] [18] [19] [20] [21] [22] [23]}

In April 2025, the FinTech Association of Sri Lanka (FASL), in partnership with Port City Colombo, hosted the Regional Competition of the FinTech World Cup at Port City Colombo.

Education and training: FASL has conducted fintech workshops and certification programmes in collaboration with HKU FinTech at the University of Hong Kong and has organised public seminars on fintech and related technologies, including artificial intelligence. ^{[24] [25] [26] [27] [28] [29] [30]}

Policy-related initiatives: In 2023, FASL initiated the preparation of a report on the development of Colombo International Financial City (Port City Colombo) as a fintech hub, led by consultant Professor Douglas W. Arner. An interim report released in 2024 proposed establishing a Fintech Innovation Hub in partnership with organisations such as the Dubai International Financial Centre Innovation Hub. ^{[31] [32] [33] [34]}

See also

• Central Bank of Sri Lanka (CBSL)

References

1. "Lanka to host 'Asia Fintech Night' in Dec". Daily News (Sri Lanka) . 7 July 2020. Retrieved 22 February 2023.
2. "Sri Lanka:CBSL to Introduce Fintech Regulatory Framework". Regulation Asia. 6 October 2020. Retrieved 22 February 2023.
3. "【Global Partnership】Fintech Association of Japan concluded a Memorandum of Understanding (MOU) with FinTech Association of Sri Lanka". Fintech Association of Japan. 7 October 2019. Retrieved 22 February 2023.
4. "University of Hong Kong and Standard Chartered Bank launch HKU-SCF FinTech Academy". Daily FT . 26 May 2020. Retrieved 22 February 2023.
5. "FinTech Association of Sri Lanka". Centre for Finance, Technology and Entrepreneurship. Retrieved 22 February 2023.
6. "Fintech Association of Sri Lanka holds awareness workshop". Daily FT . 24 January 2019. Retrieved 24 February 2023.
7. "Promoting fintech". Daily FT . 7 May 2019. Retrieved 24 February 2023.
8. "FASL and SFA sign MOU in Singapore". Daily FT . 26 April 2019. Retrieved 24 February 2023.
9. "'Chain Plus: Asia-Pacific Blockchain New Finance Summit' held in Singapore". Daily FT . 24 April 2019. Retrieved 24 February 2023.
10. "Fintech Meetup of Asia-Pacific Executives Forum held at Hilton Colombo". Daily FT . 10 August 2018. Retrieved 24 February 2023.
11. "Fintech Meetup of the Asia-Pacific Executives Forum held". Daily News (Sri Lanka) . 31 July 2018. Retrieved 24 February 2023.
12. "FASL". Fintech Association of Sri Lanka. Retrieved 22 February 2023.
13. "FASL and FTAHK signs MOU in Hong Kong". Daily FT . 25 June 2019. Retrieved 22 February 2023.
14. "FASL and AFTECH sign MoU in Colombo to promote fintech". Daily FT . 25 March 2020. Retrieved 13 April 2024.
15. "FinX Awards 2019 a success". Daily FT . 9 October 2019. Retrieved 24 February 2023.
16. "Hong Kong Fintech Week to begin on November 4". Daily Mirror (Sri Lanka) . 17 October 2019. Retrieved 24 February 2023.
17. "Dr. Mohamed Irshad appointed as coordinator of FASL and FinTech courses". Daily FT . 1 July 2019. Retrieved 22 February 2023.
18. "Lithuanian fintech meetup in Colombo". Daily FT . 21 December 2021. Retrieved 22 February 2023.
19. "Sri Lanka to host FinTech World Cup Regional Competition at Port City Colombo". Daily FT. 1 April 2025. Retrieved 24 February 2025.
20. "FinTech World Cup regional competition held at Port City Colombo". Daily FT. 25 April 2025. Retrieved 24 February 2025.
21. "Regional startups shine as FinTech World Cup lands in Port City Colombo". Daily Mirror. 24 April 2025. Retrieved 24 February 2025.
22. "Asian Digital Finance Forum & Awards 2025 convenes at Port City Colombo". Daily FT. 4 November 2025. Retrieved 24 February 2025.
23. "Asian Digital Finance Forum and Awards 2025 held at Port City Colombo". Daily Mirror. 31 October 2025. Retrieved 24 February 2025.
24. "Fintech Association of Sri Lanka holds awareness workshop". Daily FT . 24 January 2019. Retrieved 9 December 2025.
25. "FASL conducts 'Professional Certificate in Fintech and Blockchain'". The Daily Mirror (Sri Lanka) via PressReader . 4 November 2019. Retrieved 22 February 2023.
26. "FASL conducts 'Professional Certificate in Fintech and Blockchain'". Daily FT . 5 November 2019. Retrieved 22 February 2023.
27. "FASL completes fourth batch of 'Introduction to Fintech'". Daily FT . 29 July 2019. Retrieved 22 February 2023.
28. "HKU host seminar on STO and RET". Daily News (Sri Lanka) . 27 June 2019. Retrieved 22 February 2023.
29. "Hong Kong seminar focuses on STO landscapes in HK, Singapore and Sri Lanka". The Daily Mirror (Sri Lanka) via PressReader . 8 July 2019. Retrieved 22 February 2023.
30. "Real Estate Tokenization - Challenges and Opportunities in Hong Kong". University of Hong Kong . 21 June 2019. Retrieved 22 February 2023.
31. "Colombo Int'l Financial City as top fintech hub - FASL". Daily News (Sri Lanka) . 9 October 2023. Retrieved 24 October 2023.
32. "Interim report on Colombo Intl. Financial City as top Fintech hub". Daily FT . 2 July 2024. Retrieved 4 July 2024.
33. "Port City Colombo wooed to be South Asia's leading fintech hub". Daily FT . 25 April 2025. Retrieved 8 December 2025.
34. "Port City Colombo uniquely positioned to become fintech capital of South Asia". Daily Mirror (Sri Lanka) . 26 April 2025. Retrieved 8 December 2025.

External links

• Official Website