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Press Release

Nucleus Software launches FinnAxia 2.0 – Taking transaction banking to the next level

June 16, 2015 | Press Release

Source : http://www.business-standard.com/article/news-cm/nucleus-software-exports-launches-finnaxia-2-0-115061601044_1.html


New Delhi, India, June 16, 2015
— Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced the launch of FinnAxia 2.0, the latest version of its next-generation transaction banking product suite.

The new product suite includes extended compliance with global and regional regulations and payment standards, increased capabilities for ‘payments on behalf of’ (POBO) and additional features to support bank customers running corporate shared service centres (SSCs) and outsourced receivables management.

FinnAxia 2.0 allows banks to centralize treasury processing for corporate customers using a SSC model, thereby providing them with the ability to optimize cash globally. The solution helps corporate treasurers monitor payment orders sent by all subsidiaries worldwide regardless of the channel used – e-banking, paper, bank branch or host-to-host (H2H) – on dedicated transaction dashboards and follow these orders from the point at which the bank receives them until they have been executed. The solution’s sophisticated workflow engine ensures that transaction flows are managed proactively – for example, if there is a rejection or an order that needs correcting, the treasurer is informed rapidly so that an appropriate response can be made. With real-time access to accounts, corporate treasurers can detect any suspicious activity, helping prevent fraud.

FinnAxia 2.0 comprises Global Payments, Global Receivables, Business Internet Banking, Liquidity Management and Financial Supply Chain Management.

FinnAxia’s support for Global Payments standards will allow corporate customers to increase their global footprint easily and quickly. In addition to delivering faster, more standardized payments and improving a corporate’s cash flow, the solution will help banks through faster settlement and an increase in the efficiency of back-office processes.

Speaking on the new launch, Mr. Ravi Pratap Singh, Executive Director and President - Products, Nucleus Software said, “We are extremely excited about the latest release of FinnAxia. With three decades of global experience and deep domain knowledge, we are well positioned to deliver product enhancements that provide added value to our customers. The new solution is part of our on-going development program and 6-monthly product release cycle. ”

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