Federal Bank’s Shift in Transaction Banking: Mr. Ankurkumar Mody on Impact of Nucleus’ FinnAxia®

Mr. Ankurkumar Mody, Head of Business Solutions at Federal Bank, discusses the bank’s focus on corporate transaction banking, which encompasses payments and collections for corporate clients. He highlights the seamless journey with Nucleus, praising their product knowledge, transparency, and the thorough evaluation process that led to the decision to adopt Nucleus’ FinnAxia® solution. With its powerful system architecture, the solution is expected to significantly enhance the bank’s technology initiatives, particularly in delivering superior customer value.

As Federal Bank leads in fintech partnerships and digital retail initiatives, Mr. Mody expresses confidence that the adoption of Nucleus will drive similar growth in the wholesale segment, improving customer experience and solidifying the bank’s competitive edge.