Nucleus Software and Hatton National Bank Celebrate 5 Years of Transaction Banking Partnership
Nucleus Software and Hatton National Bank (HNB) celebrated five years of partnership. HNB has utilized Nucleus's FinnAxia® platform to enhance its transaction banking services, supporting digital transformation and improving customer experience. The partnership has facilitated seamless digital payments and improved operational agility for HNB's corporate clients.
This is a partnership milestone announcement, showcasing the successful implementation and ongoing value of Nucleus Software's platform with a significant client. While positive, it does not involve new financial results or major new deals, hence the medium impact.
The announcement highlights a successful and long-standing partnership, emphasizing positive outcomes and continued collaboration. The celebration and recognition with an award further reinforce the positive sentiment.
Nucleus Software Exports Limited announced the celebration of a five-year partnership with Hatton National Bank PLC (HNB), a leading private sector bank in Sri Lanka. The milestone event, held in Colombo, marks the anniversary of HNB selecting FinnAxia®, Nucleus Software's flagship transaction banking platform, to modernize its corporate banking and drive digital transformation.
Since the partnership began in 2021, FinnAxia® has significantly enhanced HNB's transaction banking capabilities, facilitating seamless digital experiences for services such as Vendor payments, Payroll processing, Bill payments, Receivables, API banking, Host-to-Host connectivity, and Cross-border transactions. The platform has also provided robust MIS and customer relationship views, enabling HNB to adapt to evolving customer expectations, accelerate service delivery, and scale its transaction banking business.
On average, over 3000 users interact with FinnAxia® daily, demonstrating its adoption and reliability. The platform supports straight-through processing across LankaPay payment rails (CEFT, SLIPS, and RTGS) and facilitates Electronic bill payments for ASYCUDA, EPF, and SLPA. The recent launch of ETF further enhances HNB's comprehensive transaction banking offerings under a single platform.
Damith Pallewatte, Managing Director & CEO of HNB, stated that the partnership has strengthened HNB's market position and enabled a modern, digital-first experience for corporate customers. Parag Bhise, CEO & Executive Director of Nucleus Software, expressed pride in the shared vision and commitment to customer outcomes, highlighting HNB's successful transformation of transaction banking. The implementation of FinnAxia® at HNB was recognized with the Silver Award for Best Managed Project at the Project Management Excellence Awards 2023.
Both organizations reaffirmed their commitment to driving the next phase of transaction banking transformation, focusing on agility, customer-centricity, operational excellence, and sustainable growth.
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Nucleus Software Exports Limited filed this with the NSE as a statutory disclosure, categorised under strategic partnerships. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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