Category: Digitization

Home / Digitization

Fraud: In a real-time world can AI detect and prevent it in real-time?

While digitization in financial services is bringing many benefits, it is also making financial institutions more vulnerable. According to recent reports by McAfee, cybercrime and financial fraud is currently costing the global economy an estimated $600 billion per annum. In fact, the true cost could actually much higher as firms cannot accurately identify and read more...

Delivering Regulatory Compliance Quickly and Cost Effectively

A 2017 survey reported that compliance costs for financial institutions are expected to double by 2022. While most regulatory changes are announced with compliance-by date, which provides adequate time for making the changes, it is always a challenge for banks and other financial services companies to ensure compliance. The reasons include lack of understanding of read more...

Is the Bank back office the key to unlock the next wave of growth and ...

Year after year, surveys have consistently ranked customer experience as the topmost priority for banks. However in a recent  survey, 72% of respondents said that their banking provider’s customer service has not improved over the past year. So what does this mean? Are the banks really not doing anything at all to improve customer experience? Probably not. One read more...

The Open Banking Opportunity for Corporate Banks

Regulation generates a lot of strong opinions – some people believe that it is vital while others think that it is an unnecessary intrusion into the free market. The truth, as usual, is somewhere in between these two extremes. For some industries, regulation clearly plays a crucial role – few people would argue against the regulation of new medicines. However, read more...

AI in account receivables: a source of competitive advantage?

While accounts receivable (AR) is typically the largest asset on most businesses financial statements, opportunities exist to manage it more effectively and generate higher profits.   AR processes were initially designed to keep the bill collection process as organized as possible, as B2B supply chains and payment terms have become more sophisticated, it read more...

Is your Lending Voice-ready?

In businesses based on trust, relationships can make a lot of difference. Face to face interactions with customers have traditionally been considered an important part of banking. However, as customers increasingly prefer digital interactions over branch visits, banks are looking for new ways to maintain connect with their customers. While personalization of products read more...

Frictionless Onboarding : Pipe Dream or Practical Reality?

Transaction Banking is an attractive and profitable business with corporate customers spending nearly 5 times more on their banking requirements than credit-only customers. When the minimal balance sheet commitments, the attractive return of capital and the higher cross selling opportunities are added into the mix, it is obvious why many banks across the globe are read more...

About Nucleus

At Nucleus Software we are committed to providing efficient, modern yet proven software solutions for the global Banking and Financial Service industry. We have been pioneers in developing Retail Banking Software, Corporate Banking Solutions, Transaction Banking, Cash Management and Internet Banking Software since 1986. Our success spreads across more than 50 countries, and we serve our customers globally through our direct and partner operations across US, Europe, Asia-Pacific, Africa and the Middle East. We are known for our world-class expertise and innovation in lending and transaction banking technology. Our two flagship products, built on the latest technology are: FinnOne™ and FinnAxia™.

Useful Links

Copyright © 2015 Nucleus Software Exports Ltd. All rights reserved.