Parag Bhise succeeds Mr. RP Singh, who retired as CEO on 31st March 2021. The appointment is effective 1st April 2021.
New Delhi, April 5, 2021: Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, has appointed Mr. Parag Bhise as the Chief Executive Officer. He succeeds the outgoing CEO, Mr. RP Singh, who retired after a career spanning 35 years with Nucleus Software. The appointment is effective 1st April 2021.
Nucleus Software witnessed the beginning of the new era under the mentorship of Mr. R P Singh who was instrumental in spearheading the launch of cutting edge products. His leadership ensured that Nucleus continued to scale greater heights. Under his stewardship, Nucleus came to be known for re-architecting, re-designing, and development of best-in class software products, FinnOne NEOTM and FinnAxiaTM, for global banking and financial services leaders. After 35 years at Nucleus Software, he handed over the rein to Mr. Parag Bhise, another career Nucleite.
“I am very happy to pass on the baton to Parag Bhise, who will continue to lead from the front and ensure that Nucleus continues to be an asset to the global financial industry leaders by providing technologically superior products that address any and all lending and transaction banking needs of clients. His invaluable contribution as the head of delivery during my tenure ensured that we were recognized and much feted by our customers. Our product innovations and deployments have won us many laurels and it is a pleasure to leave the company in such capable hands ”, says Mr. RP Singh, Outgoing CEO, Nucleus Software.
Mr. Parag Bhise has been a transformational leader for Nucleus Software and has played a key role in developing and growing Nucleus businesses in India and abroad. His experience in developing business and leading product engineering teams have stood out during his three-decade career with the company. He will lead the Nucleus 2.0 vision of continuous improvement in products and solutions. He has a Master’s Degree in Computer Applications from BIT Mesra, MBA from the Management Development Institute – Gurgaon and has done courses from MIT in Innovation & Technology.
“Parag Bhise has been an effective change manager at Nucleus Software for over 31 years now. He embodies our promise of providing tech superiority, product innovation and continuity to our customers, most of them being the who’s who of the industry. In fact, our first product order for lending in 1992 in Indonesia was delivered by Parag. In addition, he was instrumental in developing from scratch one of the most significant Nucleus partnerships globally in the most demanding and quality conscious market, Japan. I along with our team at Nucleus look forward to an exciting journey ahead ”, says Mr. Vishnu R Dusad, Managing Director, Nucleus Software.
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.
- 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
