Hatton National Bank (“HNB”) announced they have gone live with the LeaseWave technology platform from Odessa Technologies, Inc. (“Odessa”). HNB is the largest leasing provider in Sri Lanka, financing vehicles and various other types of equipment to individuals and businesses through a network of 250 branches located throughout the country.

“HNB has continued to rapidly expand its branch network.  The ability to originate and service our leasing customers locally is an important part of our value proposition,” says RMP Dayawansa, Assistant General Manager- Personal Financial Services at Hatton National Bank. “The ability to tightly integrate LeaseWave with our existing web strategy and various surround systems, including our core banking solution, enables us to significantly improve our overall efficiency and provide a seamless experience for our customers.”

"HNB now has 600+ users across 250 branches using LeaseWave in a high-touch retail leasing environment. Consolidating their diverse business onto our platform was indeed challenging. But what really made this implementation interesting for us was automating all the nuances of HNB’s business model while ensuring regulatory compliance,” says AR Vedapuri, Associate Vice President – Projects, at Odessa Technologies. “Our success at HNB is exemplary of LeaseWave’s ability to offer flexibility without compromising the robustness of its controls.”

Odessa Technologies is a software company exclusively focused on the leasing industry. The company is headquartered in Philadelphia, Pennsylvania and employs a staff of 300 people. Odessa is the developer of the LeaseWave suite of products, a fully integrated browser-based lease and loan management solution, providing an end-to-end origination and portfolio management system for equipment leasing and finance, vehicle leasing and fleet management companies. The LeaseWave suite is specifically engineered to be configurable to accommodate even the most complex business model, as evidenced by Odessa’s diverse customer base.