Hatton National Bank PLC (HNB), one of Sri Lanka’s leading private sector banks, and Nucleus Software (BSE: 531209, NSE: NUCLEUS), a global provider of lending and transaction banking solutions, celebrated five years of partnership at a gala evening held at ITC Ratnadipa, Colombo.
The milestone marks five years since HNB selected FinnAxia®, Nucleus Software’s flagship transaction banking platform, to modernize its corporate banking ecosystem and support the bank’s long-term digital transformation vision.
Since the partnership commenced in 2021, FinnAxia® has played a pivotal role in strengthening HNB’s transaction banking capabilities, enabling a seamless digital experience across Vendor payments, Payroll processing, Bill payments, Receivables, API banking, Host-to-Host connectivity, and Cross-border transactions. All backed by strong MIS and customer relationship view on various fronts including CASA statements, Loan details, Term Deposits to name a few. More importantly, it has helped HNB build the agility required to respond to evolving customer expectations, accelerate service delivery, and scale its transaction banking business in an increasingly digital-first environment.
Every single day, an average of over 3000 users leave their digital footprint on FinnAxia® , a powerful testament to its adoption, reliability and value.
The platform enables straight-through processing across LankaPay payment rails, including CEFT, SLIPS, and RTGS, and facilitates LPOPP Electronic bill payments for ASYCUDA, EPF, SLPA.
With the launch of ETF, HNB and its valued corporate customers are now benefitting from a comprehensive suite of transaction banking offerings under a single platform, providing greater convenience, flexibility and an enhanced banking experience.
Commenting on the milestone, Damith Pallewatte, Managing Director & Chief Executive Officer, HNB, said:
“Over the past five years, our partnership with Nucleus Software has helped strengthen HNB’s position as a leader in transaction banking in Sri Lanka. FinnAxia® has enabled us to deliver a modern, digital-first experience for our corporate customers while enhancing operational agility, supporting growth, and driving innovation. As customer expectations continue to evolve, we remain committed to investing in capabilities that create long-term value for our clients and the wider economy.”
Parag Bhise, Chief Executive Officer & Executive Director, Nucleus Software, said:
“We are proud to celebrate this milestone with HNB. The success of this partnership reflects a shared vision, strong execution, and a commitment to delivering meaningful outcomes for customers. Over the past five years, HNB has demonstrated how the right combination of technology, leadership, and agility can transform transaction banking. We look forward to continuing this journey and helping HNB unlock new opportunities for growth, innovation, and customer excellence.”
The implementation was recognized with the Silver Award for Best Managed Project at the Project Management Excellence Awards 2023, reflecting the scale, complexity, and impact of the transformation.
The celebration brought together leaders from both organizations to reflect on a partnership built on trust, collaboration, and a shared commitment to innovation. As HNB and Nucleus Software mark this important milestone, both organizations reaffirm their commitment to driving the next phase of transaction banking transformation-one that is defined by agility, customer-centricity, operational excellence, and sustainable growth.
Photo caption-
Hatton National Bank and Nucleus Software celebrate five years of successful partnership(L to R)- Anurag Mantri (COO & Country Head Singapore, Nucleus Software), Rajive Dissanayake (EVP/Head of SME & Micro Finance, HNB), Vishnu R. Dusad(Co-founder & Managing Director, Nucleus Software), Damith Pallewatte (MD & CEO, HNB) , Sanjay Wijemanne (COO, HNB), Dr. Apurva Chamaria(CBO, Nucleus Software) & Chandima Cooray (Chief Innovation Officer, HNB)
