Hatton Nationwide Financial institution PLC (HNB), certainly one of Sri Lanka’s main personal sector banks, and Nucleus Software program (BSE: 531209, NSE: NUCLEUS), a world supplier of lending and transaction banking options, celebrated 5 years of partnership at a gala night held at ITC Ratnadipa, Colombo.
The milestone marks 5 years since HNB chosen FinnAxia®, Nucleus Software program’s flagship transaction banking platform, to modernize its company banking ecosystem and help the financial institution’s long-term digital transformation imaginative and prescient.
Because the partnership commenced in 2021, FinnAxia® has performed a pivotal function in strengthening HNB’s transaction banking capabilities, enabling a seamless digital expertise throughout Vendor funds, Payroll processing, Invoice funds, Receivables, API banking, Host-to-Host connectivity, and Cross-border transactions. All backed by robust MIS and buyer relationship view on varied fronts together with CASA statements, Mortgage particulars, Time period Deposits to call a couple of. Extra importantly, it has helped HNB construct the agility required to answer evolving buyer expectations, speed up service supply, and scale its transaction banking enterprise in an more and more digital-first setting.
Each single day, a median of over 3000 customers go away their digital footprint on FinnAxia® , a strong testomony to its adoption, reliability and worth.
The platform allows straight-through processing throughout LankaPay fee rails, together with CEFT, SLIPS, and RTGS, and facilitates LPOPP Digital invoice funds for ASYCUDA, EPF, SLPA.
With the launch of ETF, HNB and its valued company clients are actually benefitting from a complete suite of transaction banking choices beneath a single platform, offering higher comfort, flexibility and an enhanced banking expertise.
Commenting on the milestone, Damith Pallewatte, Managing Director & Chief Government Officer, HNB, stated:
“Over the previous 5 years, our partnership with Nucleus Software program has helped strengthen HNB’s place as a pacesetter in transaction banking in Sri Lanka. FinnAxia® has enabled us to ship a contemporary, digital-first expertise for our company clients whereas enhancing operational agility, supporting progress, and driving innovation. As buyer expectations proceed to evolve, we stay dedicated to investing in capabilities that create long-term worth for our shoppers and the broader financial system.”
Parag Bhise, Chief Government Officer & Government Director, Nucleus Software program, stated:
“We’re proud to have fun this milestone with HNB. The success of this partnership displays a shared imaginative and prescient, robust execution, and a dedication to delivering significant outcomes for purchasers. Over the previous 5 years, HNB has demonstrated how the appropriate mixture of expertise, management, and agility can rework transaction banking. We look ahead to persevering with this journey and serving to HNB unlock new alternatives for progress, innovation, and buyer excellence.”
The implementation was acknowledged with the Silver Award for Finest Managed Mission on the Mission Administration Excellence Awards 2023, reflecting the size, complexity, and affect of the transformation.
The celebration introduced collectively leaders from each organizations to mirror on a partnership constructed on belief, collaboration, and a shared dedication to innovation. As HNB and Nucleus Software program mark this essential milestone, each organizations reaffirm their dedication to driving the subsequent part of transaction banking transformation-one that’s outlined by agility, customer-centricity, operational excellence, and sustainable progress.
