Nucleus Synapse 2024, India Edition: A Day of Insight, Innovation, and Commitment to Governance

Opening Remarks: The Vision for Responsible Financial Ecosystem

The event kicked off with an inspiring opening address by Mr. Vishnu R. Dusad, Managing Director and Co-founder of Nucleus Software. Reflecting on the core theme of the event, Mr. Dusad emphasized the importance of governance and innovation in shaping a responsible financial ecosystem. “Today’s theme of governance and innovation reflects our shared commitment to shaping a responsible financial ecosystem. Governance and security have always been central to our philosophy,” he remarked. This commitment, he said, had enabled Nucleus Software to play a pivotal role in securing over ₹40 lakh crores of retail assets in India, ensuring that every transaction remains safe, transparent, and accountable. Mr. Dusad also welcomed the Chief Guest for the day, Mr. Anil Swarup, former Coal Secretary & Education Secretary to Government of India, and a retired IAS officer, whose invaluable contributions to public administration have had a lasting impact on India’s growth trajectory.

A Visionary Speech by Mr. Anil Swarup

The highlight of the session was the address by Mr. Anil Swarup, whose words captivated the audience with profound wisdom and inspiring vision. A man known for his ethical fortitude, unwavering dedication, and a commitment to societal progress, Mr. Swarup shared insights from his remarkable career in the Indian Administrative Service (IAS).
In his speech, Mr. Swarup quoted a line from a poem, “मुख़्तसर सी ज़िंदगी के अजीब से अफ़साने हैं, यहाँ तीर भी चलाने हैं और परिंदे भी बचाने हैं”, which translates to “Life is a strange story in a short span, here we must both shoot arrows and save the birds.” This metaphor, he explained, symbolized the delicate balance between bold action and responsibility in governance.

Mr. Swarup also highlighted his transformative Nexus of Good initiative, which champions projects that uplift communities and ignite positive societal change. His belief that ideas should be politically viable, socially beneficial, and administratively feasible resonated deeply with the audience, urging everyone present to think innovatively and responsibly when it comes to governance and development.

The Fireside Chat: Courage in Governance

The event’s highlight was the fireside chat, where two distinguished leaders — Mr. Janki Ballabh, former Chairman of State Bank of India (SBI) and Vigilance Commissioner at the Central Vigilance Commission, and Mr. SM Acharya, former Secretary at the Ministry of Defense and Chairman of Nucleus Software — shared their invaluable insights on the true meaning of governance.

Governance, as discussed by the panelists, is fundamentally about courage — the courage to take bold decisions, uphold integrity, and stand firm in the face of adversity. Both Mr. Ballabh and Mr. SM Acharya recounted their personal experiences of making difficult decisions based on a deep sense of conviction, even when such choices could jeopardize their personal positions. Their words underscored the importance of ensuring that systems, processes, and policies are not only effective but also conducted with an unwavering belief in doing what is right.

The fireside chat provided a rare glimpse into the ethical foundations of governance, reinforcing the idea that good governance is not just about policy but about the courage to implement and enforce it, no matter the challenges.

A Mesmerizing Performance: Pixel Poi by Illuminati Group

Before the closing remarks, the audience was treated to a stunning performance by the Illuminati Group, showcasing Pixel Poi. This fusion of technology, art, and rhythm, where LED-lit poi twirled in synchrony with music, delivered a breathtaking visual experience, symbolizing the event’s themes of creativity, innovation, and sustainability.

Closing Remarks

Mr. Bhise presented Unified Lending Interface (ULI) as a key innovation that promises to redefine how lenders and borrowers interact. He announced that Nucleus Software is actively integrating ULI into its FinnOne Neo® platform, representing a revolutionary leap forward. Co-lending, too, emerged as a significant trend in the discussions. Mr. Bhise highlighted the strides Nucleus Software is making to enhance its co-lending capabilities, aiming to bring greater transparency and efficiency to co-lending partnerships. These efforts are poised to strengthen collaborations between financial institutions, improving access to credit while ensuring risk-sharing and operational transparency.

A key part of Nucleus Software’s vision is its commitment to a robust User Experience (UX/UI) Revamp. With a focus on improving user interaction and applying usability design principles, the company is set to deliver a more intuitive, efficient, and customer-centric experience for its users.

As we look forward to the future, one thing is certain: The path to sustainable growth in India will be shaped by innovation, integrity, and an unyielding commitment to making decisions that benefit not just the present, but also the generations to come.

A Culinary Experience Like No Other

To wrap up the evening, a lively and unexpected culinary performance by the chefs of Grand Hyatt brought an element of surprise. Their playful dance and the interactive live kitchen tour allowed guests to witness the art of fine dining firsthand, offering a unique and immersive culinary experience.

Looking Ahead

With this memorable experience, Nucleus Synapse 2024, India Edition not only celebrated innovation and governance but also highlighted the art of collaboration, creativity, and a shared commitment to excellence — making it an event that left everyone inspired and energized for the future.