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Lesson from challenger banks: Customer centricity really works

In 2010, when Metro Bank became the UK’s first new high street bank in 150 years, little did we know that floodgates were being opened. Today, there are more than 20 banks in various stages of license application and a backlog of 86 peer-to-peer lending companies awaiting authorization to operate from the Financial Conduct Authority. It is clear that challenger read more...

NBFCs looking to technology to power their growth

The revised regulatory framework from the RBI seeks to address regulatory gaps while providing a level playing field for NBFCs and banks.   Over recent years, the NBFC sector has expanded sharply as witnessed by a credit growth at a CAGR of 24.3 % during 2007 -13 as against 21.4 % by the banking sector.   In most of these years, NBFCs grew faster read more...

Technology – A Panacea to Mutuals’ Challenges?

How can Mutuals harness Technology to address their Challenges? Technology is transforming the way we bank and consumers are driving this transformation. Customer centricity is the buzzword as banks’ processes and systems are being aligned with their customers. Current trends in banking like mobile first design, digital branches, innovation, and enhanced customer read more...

Consumer lending in Japan – susceptibility to macro events and ...

In 2014, retail lending in Japan grew by 1% y-o-y. This is in sharp contrast to the nearly 8% growth in 2013 when Auto loans and card loans showed very strong performances. While credit cards has witnessed a strong market in Japan for quite some time now, the growth in auto loans can be attributed to the proposed VAT increase from 5% to 8%, which led consumers to read more...

Australian Financial Services Firms go digital – but foundations ...

A recent blog post by Forrester highlights how the finance services sector in Australia may be a little behind the US and UK but is moving to catch up fast. At Nucleus Software, our experience is that financial services firms worldwide are moving rapidly to provide customers with a strong digital ‘customer experience’. Even in Africa, Middle East and across Asia 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™.