Nucleus Software, a leading provider of lending and transaction banking solutions to the global
financial services industry and listed on both BSE and NSE, has announced a ground breaking shift by
adopting Acceptance Test-Driven Development (ATDD) moving in the direction of continuous
integration and eventually continuous delivery (CICD). By doing this, Nucleus is adopting proven
principles of Lean manufacturing in software development for the banking technology sector.
This strategic move aims to redefine software development methodologies by reducing the release
cycle by 40% while ensuring seamless alignment between software solutions and end-user
requirements.
Leading the Fintech Frontier
In a significant stride, Nucleus Software has set a forward-looking strategy to future-proof their core
products, FinnOne Neo® and FinnAxia®, ultimately enhancing the development and implementation
experience, making it is among one of the first fintech companies in India to embrace this innovative
approach.
Here is how CICD and ATDD are going to enable Financial Institutions:
Efficient Testing:
➢ Time and Cost Savings by elimination of manual regression testing helps financial institutions
deploy updates faster and more efficiently.
➢ Aims to mitigate production risks and enhance reliability and stability in the project lifecycle
process.
Enhanced Collaboration:
Breaking Down Silos: Improved communication across teams ensures that software
development aligns with customer expectations.
➢ Collaboration between product teams and customers increases significantly while defining
the acceptance criteria for ATDD
Accelerated pace of value realisation by customers:
➢ Shorter release cadences
➢ Enabling the “Lean-Flow” principle by implementing as CI (Continuous Integration) will assist
us with swift end-to-end deliveries.
Vishnu R Dusad, MD and Co-founder of Nucleus Software, emphasizes the strategic importance of this move, stating, “CICD and ATDD is not just a methodology; it’s a testament to our proactive stance, ensuring a seamless, enhanced experience. This marks a significant stride in our journey, reinforcing our commitment to setting new industry standards with precision, speed and an unyielding focus on customer satisfaction.
“We started learning about Lean IT concepts in a companywide tech initiative last year called ‘Power of Flow’ indicating the pull of inventory in Lean manufacturing being applied to software development. So far, we have spent around six months with four large scale teams to implement this path breaking methodology while ensuring seamless customer delivery. As a financial technology company we constantly evolve to stay ahead of the curve, and to this purpose we believe in strategically refining our software development approach. ” he further added.
Nucleus Software’s dedication to meeting evolving customer demands remains unwavering. The user-centric nature of Lean IT aligns development efforts closely with customer needs, ensuring a uniform customer experience.
In the broader context of the financial technology landscape, Nucleus Software’s innovative CICD and ATDD initiative—which the company has named ‘Power of Flow’ aligns with the dynamic evolution of fintech and financial services. The constant evolution of the financial services landscape demands robust and agile solutions, and advancements like CICD and ATDD play a pivotal role in achieving this. By embracing these innovations, Nucleus Software positions itself as a leader at the forefront of reshaping financial services, driving the financial technology landscape forward with a deep understanding of market needs and sets new quality standards.
Future Goals:
With the adoption of CICD and ATDD, Nucleus Software aims to raise the bar for lending tech by 50% in the next 18 months, reinforcing the robustness and adaptability of their solutions. Nucleus Software remains steadfast in its dedication to continual advancement, solidifying its role as a key player in the ever-evolving fintech industry.
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 more than 3 decades of BFSI domain expertise and an inbuilt AI powered platform to realize the digital transformation goals of FIs worldwide.
- 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.
- 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.
- 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.
- 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
Lending
Transaction Banking
Financial Inclusion
