Request a Meeting!
Request a Meeting!
Request a Meeting!

Request a Demo
Request a Demo
Request a Demo

Press Release

Nucleus Software Partners with Microsoft to deliver cloud-based lending solution globally

August 13, 2015 | Press Release
New Delhi, India, August 13, 2015 — Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced its strategic partnership with Microsoft to deliver the latest version of the best-selling lending software in the world, FinnOne NeoTM , on Microsoft Azure.

The global banking and financial services industry is undergoing a major transformation driven by growing competition and new technology. The growth of cloud technology is emerging as a key driver for change, allowing established players and new competitors alike to respond to customer needs with innovative products and easy availability of services with low overheads. As a result cloud computing services are becoming popular across the banking landscape as they reduce complexity and costs while improving agility for delivering banking solutions.

The global banking and financial services industry is undergoing a major transformation driven by growing competition and new technology. The growth of cloud technology is emerging as a key driver for change, allowing established players and new competitors alike to respond to customer needs with innovative products and easy availability of services with low overheads. As a result cloud computing services are becoming popular across the banking landscape as they reduce complexity and costs while improving agility for delivering banking solutions.

According to a recent Ovum report*, over 60% of the retail banks across the globe are spending between 20%-39% of their new IT spending on Software-as-a-Service; Infrastructure-as-a-Service and Platform-as-a-Service for easy access to a range of scalable, cost-effective IT solutions, increased speed to market of new offerings and simplified IT infrastructure with reduced overheads.

Harish Vaidyanathan, Director - ISV Business, Developer Experience, Microsoft India said, “With Microsoft Azure we are helping Nucleus Software address requirements of the banking and financial services industry. Azure is a trusted cloud platform for critical sectors such as banking and finance, given the inherent security of the platform, while also being flexible and scalable. We are looking forward to a partnership with Nucleus Software in leveraging the best of Microsoft platform to provide differentiated value to our BFSI customers.”

Commenting on the partnership, Mr. Arup Das, Vice President and Global Head – Lending Product, Nucleus Software said, “We are excited about our partnership with Microsoft for its cloud services to drive the next wave of growth for the banking industry. For three decades we have been helping our customers with the best-in-class software technology to stay competitive and deliver superior customer experience. The partnership with Microsoft is a step ahead in this direction and marks a significant milestone in our product leadership. Making FinnOne Neo available on the cloud will provide banks and finance companies with a much needed lending platform that is secure, scalable and responsive to the changing customer demands.”

Nucleus Software’s FinnOneTM product was recently ranked as the ‘No. 1 Best Selling Lending System’ by International Banking Systems (IBS) for the 7th year in a row. FinnOne Neo, the next-generation version released in 2014, was designed to be delivered via the cloud and the recently completed proof of concept with Azure confirms that this is a key delivery channel for the solution.

Nucleus Software’s products power the banking operations of more than 150 companies across 50 countries. Microsoft Azure is increasingly used by banks and financial services institutions worldwide. This collaboration between Nucleus Software and Microsoft will provide banks with scalable, proven and cost-effective IT infrastructure to help them launch innovative offerings for customers.

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