HNB Adopts FinnAxia to Boost Digital Transaction Banking

30 Jul 2025 CW Team

In a fast-evolving market where customer expectations are rising, HNB identified the need for a robust, scalable, and fully integrated platform to deliver cutting-edge transaction banking services. The deployment of FinnAxia® is a strategic step to future-proof its cash management operations, enhance client relationships, and drive new revenue streams.

Strategic Impact of FinnAxia® at HNB:

Expansion of transaction banking services through a globally integrated platform
Rapid go-to-market with corporate banking solutions without long implementation cycles
Personalised, digital-first offerings to attract and retain high-value clients
Seamless onboarding across corporate, SME, and institutional segments
Improved operational efficiency with reduced manual processes and greater focus on relationship management

Damith Pallewatte, Managing Director & CEO, HNB, stated: “We are reimagining our transaction banking strategy to retain our leadership in payments and cash management while expanding in the SME and corporate sectors. FinnAxia® gives us a technological advantage, enabling customers to manage payments, receivables, liquidity, trade, and supply chain finance through a unified digital platform.”

Since going live, HNB has reported a tenfold increase in client onboarding and a sixfold rise in transaction volumes. Corporate clients now benefit from real-time dashboards, automated reconciliation, and greater cash visibility across global operations, supporting informed treasury decisions.

Mr Vishnu R. Dusad, Managing Director & Co-Founder, Nucleus Software, remarked: “Our partnership with HNB reflects a shared vision to redefine transaction banking in Sri Lanka. FinnAxia® delivers more than technology—it offers a competitive edge through a modular, intelligent platform built for scalability.”

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

HNB PLC, one of Sri Lanka’s leading and innovation-driven financial institutions, has implemented FinnAxia®, the advanced Transaction Banking Suite from Nucleus Software, as part of its digital transformation strategy. This initiative aims to strengthen HNB’s position in corporate and SME banking both locally and globally.In a fast-evolving market where customer expectations are rising, HNB identified the need for a robust, scalable, and fully integrated platform to deliver cutting-edge transaction banking services. The deployment of FinnAxia® is a strategic step to future-proof its cash management operations, enhance client relationships, and drive new revenue streams.Strategic Impact of FinnAxia® at HNB:Expansion of transaction banking services through a globally integrated platformRapid go-to-market with corporate banking solutions without long implementation cyclesPersonalised, digital-first offerings to attract and retain high-value clientsSeamless onboarding across corporate, SME, and institutional segmentsImproved operational efficiency with reduced manual processes and greater focus on relationship managementDamith Pallewatte, Managing Director & CEO, HNB, stated: “We are reimagining our transaction banking strategy to retain our leadership in payments and cash management while expanding in the SME and corporate sectors. FinnAxia® gives us a technological advantage, enabling customers to manage payments, receivables, liquidity, trade, and supply chain finance through a unified digital platform.”Since going live, HNB has reported a tenfold increase in client onboarding and a sixfold rise in transaction volumes. Corporate clients now benefit from real-time dashboards, automated reconciliation, and greater cash visibility across global operations, supporting informed treasury decisions.Mr Vishnu R. Dusad, Managing Director & Co-Founder, Nucleus Software, remarked: “Our partnership with HNB reflects a shared vision to redefine transaction banking in Sri Lanka. FinnAxia® delivers more than technology—it offers a competitive edge through a modular, intelligent platform built for scalability.”

Infrastructure Transport

10 Sep 2025

Shyam Metalics Forays into Crash Barriers with Expansion Plans

Shyam Metalics, one of India’s leading integrated metal producers, has announced its entry into the crash barrier segment, targeting an 8–10 per cent market share in FY 2025–26. The company has commenced production at its Giridih facility, which has an annual capacity of 24,000 MT and employs over 150 professionals. To meet rising demand, driven by a projected 25 per cent annual growth in crash barrier requirements, Shyam Metalics is investing Rs 500 million to set up a new facility at Sambalpur with 60 KTPA capacity, catering to South and West India. In FY 2026–27, it plans an ad..

Infrastructure Urban

10 Sep 2025

MP CM launches Rs 241 cr projects in Mauganj

Madhya Pradesh Chief Minister Mohan Yadav recently inaugurated and laid foundation stones for projects worth Rs 241.33 crore in Mauganj, covering infrastructure, welfare and tourism.Key initiatives include the construction of tehsil buildings at Naigadhi and Devtalab, upgradation of the Devtalab hospital into a Community Health Centre, and the creation of a Shivlok at Devtalab. For tourism, Rs 10 crore has been allocated to develop the Bahuti Waterfall and to undertake beautification works at the Ashtbhuja Mata Temple.To boost connectivity, a new 11 km road will link Teepa Bador with Garhwa Ro..

Infrastructure Urban

10 Sep 2025

PMI Electro Mobility begins e-bus rollout in Mumbai with BEST

PMI Electro Mobility has commenced the first phase of its electric bus deployment in Mumbai. On 6 September, four 12-metre e-buses were flagged off as part of a 250-bus fleet. The services will be managed by PMI’s subsidiary, Mumbadevi Mobility, in collaboration with the Brihanmumbai Electric Supply and Transport (BEST).The buses will operate from the Oshiwara Depot, strategically selected to serve high-demand routes and improve urban connectivity.Aanchal Jain, CEO of PMI Electro Mobility, said the rollout highlights Mumbai’s commitment to sustainable mobility. He added that the initiative..