HNB TXB offers enterprises of all sizes – the best in seamless digital banking and finance management

Wholesale Banking Group DGM Damith Pallewatte

Payments and Cash Management Head Pasindu Dharmasiri

HNB PLC has 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 customisable 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 digitalisation 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 optimisation 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 Wholesale Banking Group Deputy General Manager 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 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 allows 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 added.

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.