Bank of Sydney Leverages Lending Digitisation Solution Finnone Neo® from Nucleus Software to Transform Its Lending Processes

➢ 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 Neo® 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 delivers disruptive Fintech Solutions to 200+ Banks and Financial Institutions across 50 countries supporting Retail, Corporate & SME Finance, Islamic Finance, Automotive Finance, Captive Automotive Finance, Cash Management, Mobile & Internet Banking, Transaction Banking and more. We facilitate over 26 million transactions each day through our globally integrated transaction banking platform. Our lending platform manages US $ 500 billion of loans in India alone, and over US $700 billion of loans globally other than India, while enabling 500,000+ users to log in daily.

Our Flagship Products FinnOne Neo® and FinnAxia® are backed by 3 decades of BFSI domain expertise and an inbuilt AI powered platform to realize the digital transformation goals of FIs worldwide.

1. FinnOne Neo®: The next-generation digital lending platform, designed to revolutionize the lending process. FinnOne Neo® is built on an advanced technology platform, empowering financial institutions to streamline their lending operations, enhance customer experiences, and drive business growth.
2. FinnAxia®: An integrated global transaction banking suite, trusted by banks worldwide to optimize their transaction banking processes. With FinnAxia®, financial institutions can efficiently manage their cash management, trade finance, liquidity management, and other transaction banking activities on a single platform, thereby improving operational efficiency, visibility, and enhancing client relationships.
3. PaySe®: The world’s first online and offline digital payment solution, created with the vision to democratize money. This innovative payment solution offers users a seamless and convenient way to conduct digital transactions, both online and offline, facilitating financial inclusion and empowering individuals and businesses.
4. Nucleus Software Services: Our comprehensive suite of services is tailored to assist banks and financial institutions in their digital transformation journey and maintain an optimal technology infrastructure. Through Nucleus Software Services, we offer a holistic approach to digital transformation, enabling organizations to deliver seamless customer experiences, achieve operational and cost efficiencies, and gain actionable insights to drive strategic decision-making.

These offerings collectively underline Nucleus Software’s commitment to driving innovation and empowering financial institutions to thrive in an increasingly digital world.

For Media related information, please contact:
Deepika Gulabani
Corporate Communications
Email: deepika.gulabani@nucleussoftware.com
Phone: +91-9310334963