HNB and Nucleus Software partner to enhance transaction banking experience

Thursday, 7 August 2025 00:12 - - {{hitsCtrl.values.hits}}

HNB Managing Director and CEO Damith Pallewatte with Nucleus Software Managing Director and Co-Founder Vishnu R. Dusad

HNB PLC has implemented FinnAxia, the advanced Transaction Banking Suite from Nucleus Software, as part of a strategic initiative to strengthen its leadership in digital banking and meet the growing needs of its corporate and SME clients across Sri Lanka and around the globe.

In a highly competitive market where customer expectations are evolving rapidly, HNB recognised the need for a robust, scalable and integrated platform to deliver world-class, transaction banking services. The rollout of FinnAxia marks a decisive move to future-proof HNB’s cash management business, deepen client relationships, and enhance revenue streams.

Implementation of FinnAxia enables HNB to: Expand its transaction banking offerings through a seamlessly integrated global-standard suite; Gain competitive edge without prolonged implementation cycles for corporate clients; Attract and retain high-value clients by delivering personalised digital solutions; Ensure frictionless onboarding of clients across Corporate, SME, and Institutional segments; and Optimise operational efficiency and minimise manual intervention to focus on strategic relationship management.

HNB Managing Director and CEO Damith Pallewatte said: “We are reimagining our transaction banking strategy to not only retain our leadership position in the payments and cash management space but to significantly expand our presence in the SME and corporate banking segments. FinnAxia gives us the technology edge to offer a comprehensive, digital-first experience, enabling our customers to seamlessly manage their global payments, receivables, liquidity, supply chain finance and trade services through a unified platform.”

Since going live, HNB has already experienced a 10X increase in customer onboarding and a 6X jump in transaction volumes.

With this transformation, HNB is offering its corporate clients a sophisticated platform providing real-time dashboards, automated reconciliation, and enhanced cash visibility across global operations – giving treasuries the tools to make informed decisions.

Nucleus Software Managing Director and Co-Founder Vishnu R. Dusad said: At Nucleus Software, we believe that the future of transaction banking lies in a modular, intelligent platform — one that is agile, deeply integrated, and purpose-built to scale with dynamic business ecosystems. Our partnership with HNB reflects a shared ambition — to redefine digital transaction banking in Sri Lanka. With FinnAxia, we are not just delivering technology, but building a competitive advantage.”

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