HNB expands transaction banking suite with 24/7 trade finance access via TxB TradeX with IFINITY

Wednesday, 28 May 2025 00:02 - - {{hitsCtrl.values.hits}}

HNB Managing Director/CEO Damith Pallewatte (right) officially launches the TradeX platform, joined by Senior Vice President/Head of Global Transaction Banking Pasindu Dharmasiri, Vice President/Head of Trade Services Rozanne De Almeida, Assistant Vice President/Head of IT PMO Nadun Gomes, Assistant Vice President – Centralised Trade Operations Shyam De Silva, and Project Manager – IT Chathurika Himbutugoda

HNB PLC, has launched TxB TradeX – its next-generation Digital Trade Finance platform, in collaboration with IFINITY Global Ltd., setting a new standard for digital trade services in Sri Lanka.

An enhancement of HNB’s existing TxB suite, TradeX offers a seamless and secure digital interface for managing the full spectrum of Trade Finance operations from Letters of Credit and Shipping Guarantees to import/ export bill processing, SLPA payments, and ASYCUDA settlements. The platform is built to simplify and digitise Trade documentation and approval processes, enhancing speed, visibility, and efficiency across the Trade Finance lifecycle.

HNB Managing Director/Chief Executive Officer Damith Pallewatte said: “Banking digitalisation has the potential to be one of the greatest catalysts of economic growth for Sri Lanka. Today, the digital economy contributes to less than 5% to GDP, a figure that highlights not only the gap in digital adoption, but also the enormous opportunity ahead. TxB TradeX is part of HNB’s response to that opportunity. By digitising trade finance from end to end, we are addressing critical bottlenecks in how Sri Lankan businesses engage with global markets. Platforms like this will be essential to accelerating growth, improving competitiveness, and building a more connected and resilient economy.”

The platform is powered by technology from Finastra, with IFINITY serving as the local implementation partner. TxB TradeX will be introduced to HNB’s trade clients supported by simplified onboarding and extensive training to ensure ease of use and adoption.

IFINITY Director/CEO Jithendra Weerasekara said: “Our partnership with HNB and Finastra marks a major milestone in Sri Lanka’s corporate digital banking journey. Delivering this transformation in record time reflects the strength of Finastra’s proven platform and HNB’s clear vision to become a future-ready, globally competitive bank. At IFINITY, we engage with every client as a long-term transformation partner, committed to delivering lasting value and innovation. Together, we’ve focused on what matters: delivery excellence, speed, and impact. This go-live is a key step in HNB’s corporate banking journey, an agile, intelligent platform now powering its next phase of growth and leadership in the corporate banking space.”

The launch brought together senior representatives from HNB and IFINITY Global, including HNB Chief Operating Officer Sanjay Wijemanne, along with the core project teams responsible for the successful deployment.

TxB TradeX is accessible to clients ranging from large corporates to SMEs and sole proprietors engaged in trade activities as well as international bank guarantees. The platform builds on HNB’s broader digital banking agenda, which aims to digitise key customer journeys and reinforce financial infrastructure for national growth.

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