Partnership Overview

Nucleus Software Exports Limited and Hatton National Bank PLC (HNB), one of Sri Lanka's leading private sector banks, 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.

Platform Capabilities and Adoption

Since the partnership commenced in 2021, FinnAxia® has strengthened HNB's transaction banking capabilities, enabling a seamless digital experience across:

  • Vendor payments
  • Payroll processing
  • Bill payments
  • Receivables
  • API banking
  • Host-to-Host connectivity
  • Cross-border transactions

The platform provides strong MIS and customer relationship view including CASA statements, loan details, and term deposits. It processes an average of over 3000 users daily, demonstrating high adoption and reliability.

Technical Integration

FinnAxia® enables straight-through processing across LankaPay payment rails including:

  • CEFT
  • SLIPS
  • RTGS
  • LPOPP Electronic bill payments for ASYCUDA, EPF, SLPA

With the launch of ETF, HNB and its corporate customers now benefit from a comprehensive suite of transaction banking offerings under a single platform.

Management Commentary

Damith Pallewatte, Managing Director & Chief Executive Officer, HNB stated: "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."

Parag Bhise, Chief Executive Officer & Executive Director, Nucleus Software stated: "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."

Recognition

The implementation received the Silver Award for Best Managed Project at the Project Management Excellence Awards 2023, reflecting the scale, complexity, and impact of the transformation.

Future Commitment

Both organizations reaffirm their commitment to driving the next phase of transaction banking transformation focused on agility, customer-centricity, operational excellence, and sustainable growth.

About Nucleus Software

Nucleus Software Exports Ltd. is a publicly traded software product company that provides lending and transaction banking products to global financial leaders. The company delivers solutions to 200+ Banks and Financial Institutions across 50 countries supporting Retail Lending, Corporate & SME Finance, Islamic Finance, Automotive Finance, Cash Management, Mobile & Internet Banking, and Transaction Banking.

Key Operational Metrics:

  • Manages over $15 trillion value of yearly transactions
  • Processes over 26 million transactions each day through transaction banking platform
  • Lending platform manages $1.2 trillion+ value of loans globally
  • Enables 500,000+ daily users

Flagship Products:

1. FinnOne Neo® - Next-generation digital lending platform

2. FinnAxia® - Integrated global transaction banking suite

3. Nucleus Software Digital Services - Comprehensive digital transformation services