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Press Release

Nucleus Software Recognized amongst the World’s top 5 Mobile Banking Solution Providers in Independent Research Firm’s Report

January 14, 2016 | Press Release

New Delhi, India 14 Jan, 2016 — Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced that it has been recognized as one of the five most significant mobile banking solution vendors by Forrester Research, Inc. in The Forrester Wave™: Mobile Banking Solutions, Q4 2015.

 

The Forrester Wave report authors evaluated the strengths and weaknesses of the top vendors against a comprehensive set of 35 criteria, covering strategy, current offerings, and market presence. In the survey, a growing number of decision-makers named mobile banking as one of the initial focal areas of transformation for their application landscape. Focused on retail lending, Nucleus Software’s solution was evaluated alongside four general purpose mobile banking solutions.

 

In The Forrester Wave™ report, Jost Hoppermann, Vice President, Principal Analyst, wrote – “It is an achievement to become a Contender in a Forrester Wave with five modules that are entirely dedicated to serve mobile retail lending requirements while competing with four general purpose mobile banking solutions.”

 

 Mr. Vishnu R. Dusad, CEO, Nucleus Software said, “Customer behaviour is changing. Banks and financial institutions need to digitize and mobile banking solutions are at the forefront of the transformation. With three decades of experience helping banks transform we know that significant performance gains can be achieved with surprisingly small, targeted investments. We are delighted to be recognized by Forrester Research in this report.”

 

Powered by a robust, secure platform, the solution is designed to rapidly enable banks’ mobility strategies while providing a future-proofed solution. It supports Android, iOS, and Windows for native mobile apps. The solution has won various awards from Celent, Asian Banker and Retail Banker International and is currently being used by more than a dozen Banks and Financial Institutions in 5 countries. To date, transactions worth more than $1.8 billion have been processed by the system.

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