HNB PLC, Sri Lanka’s leading private sector retail bank, has launched TxB TradeX - its next-generation Digital Trade Finance platform, in collaboration with IFINITY Global (Pvt) Ltd, setting a new standard for digital trade services in Sri Lanka.

An enhancement of HNB’s existing TxB suite, TradeX offers a seamless and secure digital interface for managing the full spectrum of Trade Finance operations from Letters of Credit and Shipping Guarantees to import/ export bill processing, SLPA payments, and ASYCUDA settlements. The platform is built to simplify and digitize Trade documentation and approval processes, enhancing speed, visibility, and efficiency across the Trade Finance lifecycle.

Speaking at the official launch, HNB Managing Director/Chief Executive Officer, Damith Pallewatte, said
“Banking digitalisation has the potential to be one of the greatest catalysts of economic growth for Sri Lanka. Today, the digital economy contributes to less than 5% to GDP, a figure that highlights not only the gap in digital adoption, but also the enormous opportunity ahead. TxB TradeX is part of HNB’s response to that opportunity. By digitising trade finance from end to end, we are addressing critical bottlenecks in how Sri Lankan businesses engage with global markets. Platforms like this will be essential to accelerating growth, improving competitiveness, and building a more connected and resilient economy.”

The platform is powered by technology from Finastra, with IFINITY serving as the local implementation partner. TxB TradeX will be introduced to HNB’s Trade clients supported by simplified onboarding and extensive training to ensure ease of use and adoption.

IFINITY Director/ Chief Executive Officer, Jithendra Weerasekara said
Our partnership with HNB and Finastra marks a major milestone in Sri Lanka’s corporate digital banking journey. Delivering this transformation in record time reflects the strength of Finastra’s proven platform and HNB’s clear vision to become a future-ready, globally competitive bank.

At IFINITY, we engage with every client as a long-term transformation partner, committed to delivering lasting value and innovation. Together, we’ve focused on what matters: delivery excellence, speed, and impact. This go-live is a key step in HNB’s corporate banking journey, an agile, intelligent platform now powering its next phase of growth and leadership in the corporate banking space.

The launch brought together senior representatives from HNB and IFINITY Global, including HNB Chief Operating Officer Sanjay Wijemanne, along with the core project teams responsible for the successful deployment.

TxB TradeX is accessible to clients ranging from Large Corporates to SMEs and Sole Proprietors engaged in Trade activities as well as International Bank guarantees. The platform builds on HNB’s broader digital banking agenda, which aims to digitize key customer journeys and reinforce financial infrastructure for national growth.

About HNB

With 254 customer centers, HNB stands as one of Sri Lanka's largest and most technologically innovative private sector banks. Most recently, the bank was recognized as the Best Retail Bank in Sri Lanka for the 15th year at the Asian Banker Global Excellence in Retail Financial Services Awards 2024.

HNB was also recognized as ‘The Best Bank – Sri Lanka’ at the second Emerging Asia Banking Conclave and Awards, organized by the Indian Chamber of Commerce (ICC). HNB’s accolades in 2024 also include recognition at the Euromoney Awards for Excellence, where it was named Best Bank in Sri Lank and Best SMEs Bank in Sri Lanka.

HNB was ranked the Number 1 Company in Sri Lanka by Business Today in its Top 40 Businesses ranking for 2023-24. HNB was recognized as one of the Top 25 Corporates at the LMD Awards which was held honouring 25 most awarded Sri Lankan Corporates.

HNB was also recognized for its service excellence in Trade Services at the Euromoney Awards, taking home the prestigious titles of Best Market Leader in Trade Finance Services and Best Services Provider in Trade Finance Services, both globally and domestically over the past 5 years,

HNB – Managing Director/CEO, Damith Pallewatte, Chief Operating Officer, Sanjaya Wijemanne and NCinga – Founder/Chairman, Imal Kalutotage, and Group Managing Director Vajira Wijesinghe with team members from HNB and IFINITY at the launch of the TxB TradeX platform.