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How can Banks become Market Leaders in Transaction Banking?

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How can Banks become Market Leaders in Transaction Banking?

In a time when global macroeconomics is turbulent, transaction banking and payments ecosystems are showing resilience paving way for established players and innovative newcomers to capture financial institutions as customers, innovate fresh solutions, and secure their portions of the market.Even though the realm of sustainable global...

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Demystifying Core Financial Services Solution (CFSS) for NBFCs

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Demystifying Core Financial Services Solution (CFSS) for NBFCs

The financial services industry has been undergoing a transformational shift towards digitization, and the pandemic has accelerated this change. Non-Banking Financial Companies (NBFCs) faced multiple challenges in servicing their customers during the pandemic, hence the Reserve Bank of India (RBI) proposed guidelines to prepare for similar...

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Here’s how tech will empower banks to revive the Indian growth story

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Here’s how tech will empower banks to revive the Indian growth story

October 2020 | Published in The Times of India The COVID-19 pandemic has had a far greater impact on global economic activity in the first half of 2020 than originally anticipated, and what’s even more worrying is the shape of the recovery. Some experts believe that India will have a V-shaped recovery, others believe that it...

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Time to accelerate digital transformation in loan collections

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Time to accelerate digital transformation in loan collections

August, 2020 | Published in AB+F Technology can play a critical role in helping lenders better manage their loan portfolio by driving better efficiencies and customer service, writes Nucleus Software VP, Global Head of Marketing and Alliances, Daragh O Byrne. Internet memes about 2020 abound – from the “Reese...

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Sharing risks and rewards: How Co-lending can be win-win option for Indian credit market post-coronavirus

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Sharing risks and rewards: How Co-lending can be win-win option for Indian credit market post-coronavirus

July 24, 2020 | Financial Express The Co-lending of loans provides a unique opportunity for formal lenders to come together and share their synergies to create a winning proposition for all the stakeholders. RP SinghWith the country witnessing multiple phases of lockdowns and unlocks, various sectors of the Indian economy have been...

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Digital Transformation in lending: Full speed ahead or full stop?

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Digital Transformation in lending: Full speed ahead or full stop?

July 8, 2020 | AB+FWhile the need for digital at scale might vary across lending, those that do not use this opportunity to fast track their transformation may end up losing the edge, argues Daragh O’Byrne, VP and Head of Marketing, Nucleus Software Maslow’s hammer, often paraphrased as “if all you have is...

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Lending in a virtual world – time to react, adapt and lead

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Lending in a virtual world – time to react, adapt and lead

May 2020 | Published in Australian Banking Finance The pandemic is no doubt challenging but will reshape the way industry engages with their customers. However, there are strategies that banks can now harness to ready them to lend in a more virtual world, writes Avnish Datt, EVP and Global Head Marketing & Strategy, Nucleus Software It is...

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Transforming lending for the Hyper Era

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Transforming lending for the Hyper Era

JAN 2020 | Published in Australian Banking FinanceIn a rapidly changing environment, banks need to rethink their attitude to embracing change by shifting towards a comprehensive ‘Hyper Banking’ approach, according to Nucleus Software VP and Head of Marketing, Daragh O’Byrne. Driven by changing customer demands...

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The Transformation of Lending – Are You Ready?

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The Transformation of Lending – Are You Ready?

August 2018 | Published in The Banking & Finance Lending is transforming and digitising. Powered by technology that is rapidly evolving, and underpinned by customer demands that are growing each day, the lending landscape is exploding with new competitors popping up every day. Ably demonstrated by numerous success stories,...

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Revolutionising financial services with cloud

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Revolutionising financial services with cloud

November 2018 | Published in The Banking & FinanceThe use of cloud and associated services among banks in the Asia Pacific will be a tipping point and the majority of these financial institutions will use hybrid cloud architecture, revealed the International Data Corporation (IDC) 2017 report. Over the last couple of years,...

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Transforming Lending with the Power of Cloud

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Transforming Lending with the Power of Cloud

May 2019 | Published in The Banking & Finance Businesses all over the world are taking advantage of the tremendous benefits that cloud technology brings. In fact, the global market for cloud computing is expected to grow from $272 billion in 2018 to $623 billion by 2023, according to an industry report. The cloud market in...

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Nucleus Software Cloud Financial Service

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Nucleus Software Cloud Financial Service

4 March 2019 | Published in Live MintCompanies adopting cloud technology in lending are able to establish new benchmarks in customer service, says Sarbpreet Anand, Global Head-Cloud Business, Nucleus Software. Topics Nucleus SoftwareCloud TechnologyFinancial Service The adoption of cloud technology has been accelerating...

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Platformification- The end of banks but the future of banking

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Platformification- The end of banks but the future of banking

September 2018 | Published in bobsguideNiels Bohr, the Danish, Nobel-prize winning physicist once said “prediction is very difficult, especially if it’s about the future”. However, there is something about human nature that compels us to make predictions, and there is something else about our nature that seems...

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Transforming lending for tomorrow: Going beyond digital

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Transforming lending for tomorrow: Going beyond digital

29 October 2018 | Published in Banker Middle EastBy R P Singh, CEO, Nucleus Software The digital transformation of financial services has helped banks address a number of challenges including rapidly changing customer expectations, fast evolving regulatory requirements, and an increasingly competitive landscape. However, many...

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Transforming Financial Service Beyond Digital

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Transforming Financial Service Beyond Digital

September 2018 | Published in bobsguideDigitization is everywhere – it’s a topic for virtually every industry forum, banks are either committing to ‘digital everything’ strategies, appointing digital banking chiefs or increasing their technology budgets. Some are even launching “digital-only”...

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Customers buy homes - they don’t buy mortgages

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Customers buy homes - they don’t buy mortgages

August 2018 | Published in bobsguideThe unprecedented success of service-oriented companies such as Airbnb, Amazon and Uber has made it clear that for many of today’s customers, experience is a vital part of the product. While that does not mean that an inferior product can be hidden by wrapping it in a superior experience,...

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Corporate banking is just like the International Space Station

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Corporate banking is just like the International Space Station

February 2018 | Published in Global TreasurerArguably the most complex international scientific and engineering project in history, the ISS is a superb example of what cross functional collaboration can achieve. Five space agencies representing 15 countries were actively involved in making ISS the success it is today. On Friday,...

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The rise of the digitally augmented CFO

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The rise of the digitally augmented CFO

December 2017 | Published in Global TreasurerMore than 58% of CFOs felt that they do not have enough time to properly develop and define strategic decisions, a recent survey found. Many CFOs believe that their team needs to have the ability to do the essential business of transactional management and stewardship which would free up time to...

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Are you Profiting from Digital in Lending?

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Are you Profiting from Digital in Lending?

April 2018 | Published in The Banking Finance Rapid changes in technology and the growing expectations have created tremendous opportunities in many industries including financial services, writes Nitin Garg, Associate Vice President Marketing, Nucleus Software for Elets News Network (ENN). Customers are now demanding...

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Profiting from Digital Lending

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Profiting from Digital Lending

20 March 2018 | Published in Australian Banking FinanceDaragh O’Byrne, Global Head, Marketing and Alliances, Nucleus Software, looks at how banks can secure a new steam of digital revenue. Taking advantage of rapidly advancing technology and growing demands from consumers for digital interactions, a number of disruptors...

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Who will change first – banks or their customers?

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Who will change first – banks or their customers?

29 March 2018 | Published in Bob guideThe customer is often considered king, but it’s debatable how many organisations embrace this perspective. Of course some are better than others, and the most successful enterprises constantly adapt to meet evolving customer expectations. Those that have followed this key business rule...

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Is your voice the passport to digital, personal, seamless banking?

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Is your voice the passport to digital, personal, seamless banking?

Feb 19, 2018 | Published in bobsguideIn business, listening to your customers is vital, so it is little wonder that financial services companies are ramping up their use of voice controlled intelligent digital assistants. According to a Pew Research Center survey, digital assistants are being incorporated into a wide range of consumer...

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How AI can deliver the personal touch in banking

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How AI can deliver the personal touch in banking

Jan 24, 2018 | Published in bobsguideIt is ironic that while banks are closing branches and moving to automated, self-service channels they are also trying to offer personalised services to their customers at an individual level. In the past, relationships were developed and deepened with local bank branches staffed by people whose...

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Transforming supply chain finance with blockchain

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Transforming supply chain finance with blockchain

November 16, 2013 | Published in GT NewsSmall and medium-sized enterprises (SMEs) account for more than half of the world’s GDP and two-thirds of all employment. They range in scale and ambition, from fast-growing start-ups to stable, medium-sized manufacturing businesses. Despite their importance to the world economy, SMEs...

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AI in account receivables: a source of competitive advantage?

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AI in account receivables: a source of competitive advantage?

October 19, 2017 | Published in GT NewsWhile accounts receivable (AR) is typically the largest asset on most businesses financial statements, opportunities exist to manage it more effectively and generate higher profits. AR processes were initially designed to keep the bill collection process as organised as possible, as B2B supply...

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Does your digital lending go beyond mobile?

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Does your digital lending go beyond mobile?

October 17, 2017 | Published in bobsguideDigitization is very topical at the moment, it has triggered many conversations and its impact in banking has been hotly debated. Financial services seem to be ripe for disruption by the new breed fintech companies for a number of reasons including rapidly evolving customer preferences, declining...

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Will AI in corporate banking result in robo-bankers or cyber-bankers?

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Will AI in corporate banking result in robo-bankers or cyber-bankers?

September 6, 2017 | Published in GT NewsWay back in 1956 the field of modern artificial intelligence (AI) research was borne, and like most new ideas, AI’s early advocates thought they would make rapid progress. However, that early promise turned out to be virtually impossible to realise, progress was extremely slow, and many people...

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Open Banking – Threat or Opportunity?

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Open Banking – Threat or Opportunity?

July 13, 2017 | Published in GT NewsRegulation generates a lot of strong opinions – some people believe that it is vital while others think that it is an unnecessary intrusion into the free market. The truth, as usual, is somewhere in between these two extremes. For some industries, regulation clearly plays a crucial role – few...

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Why banks need to become more customer-centric

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Why banks need to become more customer-centric

24 May , 2017 | Published in Bob guidesIn many industries, the explosion of “choice” and the resulting decline in customer loyalty has prompted companies to dramatically overhaul their approach to customer centricity. Or to put it another way, many companies have pivoted to deliver what their customers want, when and where they...

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Sponsored: How do you become a digital bank?

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Sponsored: How do you become a digital bank?

1 May , 2017 | Published in Australian Banking FinanceDaragh O’Byrne, Global Head, Marketing and Alliances, Nucleus Software, provides an insight into how incumbent financial institutions can transform into today’s digital bank. The business world, while hardnosed and focused on results is also impacted by fashion and trends...

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Financial services and the digitization race: Reinventing customer experience for today's expectations

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Financial services and the digitization race: Reinventing customer experience for today's expectations

March 20,2016 | Published in Bob guides Daragh OByrne, VP, Global Head of Marketing & Alliances, Nucleus Software As one of the earliest adopters of information technology, financial institutions used to be at the forefront of technology waves, from mainframes to client server, from branches to ATMs, from passbooks...

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Why The Time is Right for Indian Banks to Move to The Cloud

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Why The Time is Right for Indian Banks to Move to The Cloud

July 20, 2016 | Published in Express Computers The Indian banking industry is facing considerable challenges right now. Firstly, the levels of Non-Performing Assets (NPAs) are rising and fast becoming a crisis, especially for public sector banks. The numbers are staggering. Twenty-nine state-owned banks wrote off a total of Rs. 1.14...

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Digitization in Lending : Going the Whole Mile Counts

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Digitization in Lending : Going the Whole Mile Counts

June 14, 2016 | Published in Australian Banking FinanceThe hype around digitization in banking makes it appear as if it is a brand new concept, but of course it is not. Thomas Jones, Regional Sales Director, Australia & New Zealand, at Nucleus Software, explains the end objective of the digital transformation journey in...

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Liquidity Management : Changing the Rules of the Game

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Liquidity Management : Changing the Rules of the Game

July 11, 2016 | Published in GT NewsThe old expression ‘cash is king’ becomes even more true each day. Maintaining the right level of cash and liquidity has always been the single most important task of corporate treasury; however it is easier said than done. Complex structures, relationships with countless banks and...

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Why Legacy Systems and Not Fintechs Pose a Bigger Risk to Banks

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Why Legacy Systems and Not Fintechs Pose a Bigger Risk to Banks

July 08, 2016 | Published in Express Computers The Financial Services industry came number two on a recent Inc.com survey to identify “The top 5 industries for disruptive growth in 2015.” When people think of disruption and financial services, the rise of thousands of fintechs (start-ups in the financial technologies...

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The Digital Transformation of Bank Lending

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The Digital Transformation of Bank Lending

May 02, 2016 | Published in Australian Banking FinanceAS EVIDENT FROM the success of FinTech companies with innovative business models, new tech-savvy players are challenging the existing players and dramatically changing the ecosystem. According to Ernst and Young’s first FinTech Adoption Index based on a survey of 10,131...

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How CIOs Should Make Cloud Investment

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How CIOs Should Make Cloud Investment

April 17 , 2016 | Published in Infotechlead Arup Das, vice president and lending product head (P&L Management) at Nucleus Software, says simply replacing existing solutions with their cloud equivalents is not the most effective or efficient way to gain access to the benefits cloud technology brings.CIOs must have a fully...

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Moving Bank Lending to The Cloud

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Moving Bank Lending to The Cloud

March 31,2016 | Published in CPI Financial With the amount of hype and marketing around cloud technology, it would be easy to assume that it is a new concept, but in fact it was first talked about in the late 1960’s. However, the reality of cloud computing has evolved tremendously since then, but it wasn’t until the...

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Transforming Lending with Predictive Insights

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Transforming Lending with Predictive Insights

February 8, 2016 | Published in CPI Financial Deteriorating credit quality: Ringing the bell for change? Banks play a key role in facilitating Africa’s economic growth. To support this critical function, they are increasingly looking at technology to play a vital role by helping lenders make faster and more accurate credit...

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New But Not Yet Normal : Can Agility Make the Difference?

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New But Not Yet Normal : Can Agility Make the Difference?

January 27, 2015 | Published in Banking.com New opportunities for economic growth are taking center-stage across the globe. Burgeoning regulations like BASEL III, individual liquidity adequacy assessment etc. and corresponding liquidity pressures, which were aimed at making the banking system shock-proof are indicating an erosion of...

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4 Ways Global Transaction Banking is Changing

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4 Ways Global Transaction Banking is Changing

June 19, 2015 | Published in Banking.com Global Transaction Banking (GTB) has gained significant momentum in the last five years and is becoming increasingly important for banks as corporates continue to expand their businesses across the globe. Last year, 2014, could be described as the transition year for transaction banking,...

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Bespoke or Packaged Software - Which Suits You Best?

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Bespoke or Packaged Software - Which Suits You Best?

August 5, 2015 | Published in CIO ReviewBrief content : Mr. Ravi Pratap Singh, Executive Director & President - Products, Nucleus Software features in CIO Review magazine, in an article titled, "Bespoke or Packaged Software - which suits you Best?". The article deliberates on the idea of going in for a...

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Payments : The Changing Trend

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Payments : The Changing Trend

August 18, 2015 | Published in GT NewsPayment systems are used in lieu of tendering cash in domestic and international transactions, and represent some of the major services provided by banks and other financial institutions. In the simplest form, this is an infrastructure which facilitates transfer of monetary value between parties...

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Tapping New Opportunities in Transaction Banking By Transforming Business and Operating Models

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Tapping New Opportunities in Transaction Banking By Transforming Business and Operating Models

October 08, 2015 | India Info Line The Transaction Banking revenue pool is huge – nearly US$600bn globally in 2010, growing at about 10% per year through 2020. The Opportunity in Transaction Banking Transaction Banking, which encompasses, cash management, trade finance, financial supply chain management and clearing/settlement...

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Optimising Receivables

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Optimising Receivables

October 25, 2015 | Published in Sibos Is a ‘Receivables Hub’ the answer? Corporate treasuries globally are looking for ways to manage their account receivables better while freeing working capital to deliver business growth. With the effects of Basel III kicking in, the importance of receivables management is increasing in...

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Why IT Needs More Analytics Talent

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Why IT Needs More Analytics Talent

December 15, 2015 | Published in TechgigThere is a gap between the numbers needed and the numbers available Arup Das Today’s consumers have more choices than ever before. Like many other parts of the world, the desire for an aspirational lifestyle is leading to increased demand for credit among the young urban population. In fact,...

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Delivering Customer Satisfaction in Global Transaction Banking

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Delivering Customer Satisfaction in Global Transaction Banking

February 12, 2014 | Published in Banking FrontiersThe last 5 years in the banking world seem truly extraordinary, even to the most casual observer. In this dynamic banking business world, transaction banking is set to become one of the rising stars. Global transaction banking (GTB) provides a wide array of commercial banking solutions...

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The What, When and How of Customer Delight

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The What, When and How of Customer Delight

February 2014 | Published in Silicon India Headquartered in Noida, Nucleus Software Exports Limited (BSE: 531209, NSE: NUCLEUSEQ) is a provider of IT products and software solutions to the global BFSI. They have been developing solutions spanning Retail Banking to Corporate Banking, Cash Management and Internet Banking since...

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The Social Effect on Enterprise Applications

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The Social Effect on Enterprise Applications

June 24, 2014 | Published in Information Week Enterprises are fast realizing the importance of adopting certain features and interaction patterns of new-age social applications to transform the traditional enterprise apps As the world moves into a new technology age where Internet of Everything takes the center stage, enterprise...

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Transaction Banking as the Future of Sustained Growth – The India Story

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Transaction Banking as the Future of Sustained Growth – The India Story

June 15, 2014 | Published in CIO Review India Nucleus Software (NSE: NUCLEUS, BSE: 531209) is a provider of software products for banks and financial institutions. Headquartered in Noida, the company has a current market cap of Rs.673.58 Crores. The growing interest in India as a banking market is inspiring a bunch of...

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Mobile Banking- A Boon for and Customer and Financiers

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Mobile Banking- A Boon for and Customer and Financiers

September 27, 2013 | Published in Banking Frontiers“The PC Wars are over. Done. Microsoft won a long time ago.” - Steve Jobs. Fortune, Feb. 19, 1996 The above statement from Steve Jobs aptly summarizes the fact that in the modern world, efforts are being put in newer channels in addition to those applied for...

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CFO - The Enabler of Business

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CFO - The Enabler of Business

January 2013 | Published in Silicon IndiaOver the last 30 years, what gave me most satisfaction as CFO/Head of Finance in several organizations was being in a role of business enabler and directly contributing to the company’s growth, reputation and well being. All of us do the hygiene bit, compliance and tax, the treasury bit, forex,...

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