Nucleus Software Exports and Hatton National Bank PLC (HNB) have celebrated five years of partnership, marking a significant milestone in their collaboration to drive transaction banking transformation. The partnership, centered on the deployment of the FinnAxia platform, has enabled HNB to modernize its corporate banking ecosystem and support its long-term digital vision since 2021. This sustained collaboration underscores the commitment of both organizations to advancing transaction banking capabilities in Sri Lanka's financial sector.

Partnership Impact and Capabilities

Since the partnership commenced, FinnAxia has played a pivotal role in strengthening HNB's transaction banking capabilities. The platform enables a seamless digital experience across Vendor payments, Payroll processing, Bill payments, Receivables, API banking, Host-to-Host connectivity, and Cross-border transactions. An average of over 3000 users utilize the platform daily, reflecting its high adoption and reliability. The system facilitates straight-through processing across LankaPay payment rails, including CEFT, SLIPS, and RTGS, and supports LPOPP Electronic bill payments for ASYCUDA, EPF, and SLPA.

Executive Commentary

Damith Pallewatte, Managing Director & Chief Executive Officer of HNB, highlighted the strategic value of the collaboration. He stated that the partnership has strengthened HNB's position as a leader in transaction banking in Sri Lanka, enabling the delivery of a modern, digital-first experience for corporate customers while enhancing operational agility. Parag Bhise, Chief Executive Officer & Executive Director of Nucleus Software, emphasized the shared vision and strong execution that have defined the partnership. He noted that HNB has demonstrated how the right combination of technology and leadership can transform transaction banking.

Industry Recognition

The implementation of this transformation project received industry recognition, winning the Silver Award for Best Managed Project at the Project Management Excellence Awards 2023. This accolade highlights the quality of project management and the scale of impact achieved through the collaboration. The celebration of the five-year milestone brought together leaders from both organizations to reflect on the partnership built on trust and innovation.

Nucleus Software Exports has announced a strategic partnership with Azentra Solusi Digital, marking a significant step toward strengthening its presence in the Indonesian financial technology landscape. The collaboration is focused on modernizing lending processes and improving transaction banking features for financial institutions in the country.

Partnership Overview

The key highlights of this partnership are outlined below:

Strategic Focus

Through this partnership, Nucleus Software Exports and Azentra Solusi Digital aim to address the evolving needs of Indonesia's financial sector. The alliance targets two core areas — the modernization of lending processes and the enhancement of transaction banking capabilities — reflecting the growing demand for advanced financial technology solutions in the region.

This development underscores Nucleus Software Exports' continued efforts to deepen its engagement in Southeast Asian markets by collaborating with established local partners such as Azentra Solusi Digital.