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.”

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.”

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