Sri Lanka’s most technologically innovative bank, HNB PLC unveiled HNB TXB – a powerful integrated digital transaction banking platform that offers companies – from MSMEs to MNCs – seamless, secure, and efficient control over their finances and operating accounts.
Designed by the bank’s award winning Wholesale Banking Group (WBG) to be the ultimate digital banking companion for businesses, HNB TXB enables enterprises of any size to gain complete visibility and management over payments, cash management, global trade, value-chain financing, treasury and settlements of foreign currency transactions.
Built to international standards, and customizable to the needs of any business, TXB is capable of scaling up to fulfill any transaction banking requirement, all within a single, reliable, easy-to-use platform.
“Sri Lanka’s economic recovery hinges on the ability of our private sector to become more agile, and competitive in an increasingly volatile global marketplace. HNB TXB enables our WBG clients to bank at the speed of business, by enabling end-to-end digitalization of all payments, transactions and settlements in local and foreign currencies.
“This in turn enables automation and streamlining of outstanding payments and settlements, as well as cost and operational optimization over the medium term. These robust new capabilities create immense growth potential for our clients. Therefore, our top priority is to expand access to HNB TXB by bringing our entire portfolio of enterprise customers on-board in the coming months,” HNB Deputy General Manager, Wholesale Banking Group, Damith Pallewatte said.
Accordingly, the bank is also taking steps to ensure that the HNB TXB on-boarding process is as frictionless and simple as possible. Particularly for existing clients, the bank offers pre-filled documentation, which requires only verification and a final sign-off from clients to activate.
Additionally, HNB WBG teams are also being deployed across the island to directly liaise with existing and prospective clients to facilitate a seamless and hassle-free TXB on-boarding.
"The introduction of HNB TXB is a testament to our legacy of innovation and leadership in the digital banking sector. Our vast SME network amplifies the TXB proposition. With it, large corporates and MNCs too can seamlessly settle dues to suppliers, and receive or acquire payments from distributors, radically enhancing the efficiency of their financial operations. Not only that, TXB also allows corporates to carry out their statutory payments in real-time, TXB direct integration with Lanka Clear allow tax payments, Sri Lanka customs, ports authority and 100+ utility services billers to get connected with corporates that are onboard with TXB and enabling them with seamless payments/ settlements. While this is an area that has traditionally been dominated by international banks, we believe that powered by TXB, the future of transaction banking in Sri Lanka is now here at HNB," Pallewatte continued.
HNB boasts the largest team of trade finance specialists in the banking sector, proficient in handling various international trade transactions, including exports, imports, and multiple other types of trade facilitation. Notably, the WBG team has been awarded dual accolades for Best Service Trade Finance Bank and Market Leader in Trade Finance both by the prestigious Euro Money Magazine and Asia Money Magazine on four separate occasions.
With 254 customer centers and 800+ Self Service Machines (SSMs) nationwide, HNB is one of Sri Lanka’s largest, most technologically innovative private banks. Consolidating its legacy in sustainability, good governance and corporate excellence, HNB was crowned the Best Corporate Citizen for 2022 at the Ceylon Chamber of Commerce Best Corporate Citizen Awards. The bank further secured four additional accolades, including being ranked among the Top 10 Best Corporate Citizens and taking home the Governance category and Sustainability Champion for the Finance sector titles.
Additionally, HNB was ranked among the World’s Top 1,000 Banks list compiled by the prestigious UK-based Banker Magazine for the sixth consecutive year in 2022, in addition to being crowned the Best Retail Bank in Sri Lanka for the 13th occasion at the prestigious International Excellence in Retail Financial Services Awards 2023 hosted by the Asian Banker Magazine.
