Nucleus Software Exports Ltd and Hatton National Bank PLC (HNB) have celebrated five years of partnership focused on driving transaction banking transformation and excellence. The milestone, marked at a gala in Colombo, highlights the successful implementation of the FinnAxia platform to modernize HNB's corporate banking ecosystem. This collaboration supports HNB's long-term digital transformation vision by enabling a seamless digital experience across various banking operations.

Since the partnership commenced in 2021, FinnAxia has strengthened HNB's capabilities in Vendor payments, Payroll processing, Bill payments, Receivables, API banking, Host-to-Host connectivity, and Cross-border transactions. The platform supports an average of over 3000 daily users, facilitating straight-through processing across LankaPay payment rails such as CEFT, SLIPS, and RTGS. It also enables LPOPP Electronic bill payments for ASYCUDA, EPF, and SLPA.

The partnership has enabled HNB to build the agility required to respond to evolving customer expectations and scale its transaction banking business. The implementation was recognized with the Silver Award for Best Managed Project at the Project Management Excellence Awards 2023, reflecting the scale and impact of the transformation.

Strategic Impact

The platform provides strong management information systems (MIS) and customer relationship views, including CASA statements, Loan details, and Term Deposits. With the launch of ETF, HNB and its corporate customers benefit from a comprehensive suite of transaction banking offerings under a single platform.

Leadership Commentary

Damith Pallewatte, Managing Director & Chief Executive Officer, HNB, stated that the partnership has strengthened the bank's position as a leader in transaction banking in Sri Lanka. He noted that FinnAxia has enabled a modern, digital-first experience for corporate customers while enhancing operational agility and driving innovation.

Parag Bhise, Chief Executive Officer & Executive Director, Nucleus Software, emphasized that the success of the partnership reflects a shared vision and strong execution. He highlighted HNB's ability to transform transaction banking through the right combination of technology and leadership.

Nucleus Software has strengthened its position in the Indonesian banking sector through a strategic partnership with Azentra Solusi Digital, a local digital transformation provider. The collaboration aims to accelerate lending and transaction banking transformation across Indonesia by combining global technology platforms with local execution capabilities. This initiative marks the next phase of growth for Nucleus Software in a market where it has served financial institutions for nearly two decades.

The partnership is designed to address the evolving needs of Indonesia's financial services sector, which is driven by increasing digital adoption and regulatory modernization. By integrating Nucleus Software's FinnOne Neo® and FinnAxia® platforms with Azentra's consulting and implementation strengths, the alliance seeks to help banks modernize operations and build resilient digital ecosystems.

Strategic Focus Areas

The collaboration will focus on enabling financial institutions to achieve several key objectives:

• Modernize end-to-end lending operations
• Strengthen transaction banking and cash management capabilities
• Accelerate digital transformation initiatives
• Improve operational efficiency and business agility
• Enhance customer and corporate banking experiences
• Build scalable and future-ready banking ecosystems

Market Execution and Capabilities

Dr. Apurva Chamaria, Chief Business Officer at Nucleus Software, highlighted the strategic importance of the alliance. He stated that success in modernization initiatives depends on combining global technology capabilities with strong local execution. Chamaria emphasized that the partnership reflects a long-term commitment to Indonesia and aims to help financial institutions build agile, customer-centric operations.

Remon Pelenkahu, Sales Director at Azentra Solusi Digital, expressed enthusiasm about bringing globally recognized banking technology to Indonesian financial institutions. He noted that combining Nucleus Software's domain expertise with Azentra's local implementation capabilities positions the alliance to help banks accelerate transformation and create long-term business value.

The partnership aligns with Nucleus Software's broader global strategy of working with regional system integrators and technology partners to deliver transformation programs. As banks move toward intelligent and experience-led models, the collaboration intends to support the creation of stronger digital foundations for growth and competitiveness in the Indonesian market.