Hatton National Bank and Nucleus Software Mark Five Years of Partnership in Transaction Banking Transformation

Hatton National Bank and Nucleus Software Mark Five Years of Partnership in Transaction Banking Transformation​

Hatton National Bank PLC (HNB), a leading private sector bank in Sri Lanka, and Nucleus Software, a global provider of lending and transaction banking solutions, celebrated five years of their partnership. The milestone recognized the role of FinnAxia®, Nucleus Software's flagship transaction banking platform, in modernizing HNB’s corporate banking ecosystem and supporting the bank’s digital transformation goals.

The celebration brought together leaders from both organizations to affirm a collaboration built on trust and innovation. Since commencing the partnership in 2021, FinnAxia® has played a pivotal role in bolstering HNB's transaction banking capabilities. The platform enables seamless digital experiences across various functions, including Vendor payments, Payroll processing, Bill payments, Receivables, API banking, Host-to-Host connectivity, and Cross-border transactions.

The solution also integrates strong MIS and customer relationship views covering aspects such as CASA statements and Loan details, helping HNB build the agility necessary to meet evolving customer expectations and scale its business in a digital environment. The adoption of FinnAxia® is demonstrated by an average of over 3000 users engaging with the platform daily.

The platform supports straight-through processing across LankaPay payment rails (including CEFT, SLIPS, and RTGS) and facilitates LPOPP Electronic bill payments for ASYCUDA, EPF, and SLPA. With the introduction of ETF, HNB and its corporate customers now access a comprehensive suite of transaction banking offerings through a single platform.

Commenting on the five-year milestone, Damith Pallewatte, Managing Director & Chief Executive Officer of HNB, stated that the partnership has strengthened HNB's position as a leader in Sri Lanka’s transaction banking sector. He noted that FinnAxia® has allowed the bank to deliver a modern, digital-first experience for corporate clients while enhancing operational agility and supporting growth.

Parag Bhise, Chief Executive Officer & Executive Director of Nucleus Software, shared his perspective, stating that the partnership success reflects a shared vision and commitment to meaningful outcomes. He added that HNB has demonstrated how technology, leadership, and agility can transform transaction banking, and they look forward to continuing their journey together.

The implementation was recognized with the Silver Award for Best Managed Project at the Project Management Excellence Awards 2023, reflecting the complexity and impact of the transformation project.

Nucleus Software Exports Ltd., a publicly traded company, provides disruptive Fintech Solutions across global financial institutions. Its platform manages over $15 trillion in yearly transactions and oversees a lending portfolio valued at $1.2 trillion globally. Nucleus offers specialized products including FinnOne Neo®, a digital lending platform, and FinnAxia®, an integrated global transaction banking suite, which helps financial institutions optimize their cash management and trade finance activities on one platform.

NUCLEUS Stock Price Movement​

Shares of Nucleus Software Exports Limited shed 0.42% in live trading as of 3:23 PM, currently valuing the stock at ₹748.00. The equity has seen movement within an intraday range of ₹738 to ₹760.8, with a volume of 71,476 shares recorded so far today.