HNB PLC, one of Sri Lanka’s leading and most forward-looking financial institutions, 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 recognized 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.

Strategic Business Impact and Objectives

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 personalized digital solutions.
• Ensure frictionless onboarding of clients across Corporate, SME, and Institutional segments.
• Optimise operational efficiency and minimize manual intervention to focus on strategic relationship management.

“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,” said Damith Pallewatte, Managing Director & Chief Executive Officer, HNB. “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.

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,” said Mr. Vishnu R. Dusad, Managing Director & Co-Founder, Nucleus Software. “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.”

FinnAxia®, an advanced, modular transaction banking platform from Nucleus Software, provides a clear value proposition - to enable HNB Bank to operate with precision, create compelling client experiences, increase revenue potential, and control risk proactively.

The caption for the image is as follows: Mr. Damith Pallewatte, Managing Director & CEO of HNB, and Mr. Vishnu R. Dusad, Managing Director & Co-Founder, Nucleus Software