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Press Release

Bank of Sydney leverages Lending Digitisation Solution FinnOne NeoTM from Nucleus Software to transform its lending processes

November 28, 2022 | Press Release
➢ Better and faster credit decisions.
➢ Enhancing business agility and boosting productivity.
➢ Offering greater customer experience.


Bank of Sydney is an organization committed to providing genuine value for its people, customers, communities and partners. To deliver responsible and sustainable growth, the bank has a clear strategy that is supported by technological transformation. Core strategic initiatives which focus on driving efficiency and effectiveness, with an emphasis on automation, building workflows and digitizing processes across the business have significantly enhanced the banking experience for both the Bank’s customers and people.

Through the digital lending platform FinnOne NeoTM from Nucleus Software, Bank of Sydney will be able to provide an improved customer experience with a faster approval process and communications. By employing the platform's real-time dashboard for tracking and reporting, the Bank aims to enhance both the internal and external transparency and accountability of its processes.

CEO of the Bank of Sydney, Mr. Miltos Michaelas, was delighted by the progress and said, “By adopting a plug & play platform like that of FinnOne NeoTM from Nucleus Software, Bank of Sydney is enabled to deliver faster and more efficient services in a seamless manner. There is a growing need for integration with various sources of data for swift and precise application on-boarding and decision making in the Financial Services Industry. FinnOne NeoTM provides the capability to integrate with third party systems to collect, combine, and use data for all of Bank of Sydney’s lending requirements.”

Mr. Parag Bhise, Chief Executive Officer of Nucleus Software was also pleased to state that “Our lending platform is highly configurable, thus, removing the need to create a new expensive and complex system from scratch. We expect that the deployment of our FinnOne NeoTM platform will further empower Bank of Sydney to further improve banking experiences for their customers”.

With the successful and smooth go-live of the new platform, the majority of all Bank of Sydney applications are now being processed through FinnOne NeoTM. The adoption of the platform establishes a strong foundation for further integration and growth for the Bank.

About Bank of Sydney: For more information, visit: www.banksyd.com.au

About Nucleus Software

Nucleus Software Exports Ltd. is a publicly traded (BSE: 531209, NSE: NUCLEUS), software product company that provides lending and transaction banking products to global financial leaders.

Nucleus Software powers the operations of more than 200 Financial Institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas. Its products facilitate more than 26 million transactions each day, managing over US $ 200 billion of loans and enabling more than 200,000 users logging in daily.

Nucleus Software’s flagship products, built on the latest technology are:
  • FinnOne NEOTM : The next-generation digital lending solution that is built on an advanced technology platform, designed to shape the future of lending across Retail, Corporate and Islamic sectors for banks and other financial service companies. The 10 time winner of ‘World’s Best Selling Lending Solution’, helps digitize the complete loan lifecycle.
  • FinnAxiaTM : An integrated global transaction banking solution used by banks worldwide to offer efficient and Innovative global payments and receivables, liquidity management and business internet banking services.
  • PaySeTM : The world's first online & offline digital payment solution designed and created with an aim to democratize money by making banking services available to the unbanked in remote geographies.
For more information, please visit : http://www.nucleussoftware.com

For Media related information, please contact:

Sunil Kumar Singh / Kiran Hans Khowal

Finese PR

Email: nucleus@finesepr.com
Phone: +91-9818363518 | +91-8375969143