Category: Transaction Banking

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Virtual Accounts – Improving Decision Making Through Better ...

It is not rocket science to suggest that it is better to make informed decisions than it is to make uniformed decisions. Studies have suggested that failure is four times more likely when people use uninformed decision-making, regardless of the critical nature of the decision. In 2015, the US Census Bureau highlighted that 235,000 out of the 470,000 firms that failed read more...

Driving Customer Delight in Corporate Banking with Intelligent ...

It is often reported that it costs five times more to attract a new customer than it does to keep an existing one.  Yet, in today’s hyper-competitive business environment where customers who already demonstrate low levels of loyalty and are presented with virtually unlimited choice, many financial services firms fail to show that they truly understand their read more...

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...

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...

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...

Revised Payment Services Directive (PSD2): Pipeline to European ...

If data is the new oil as many technology capitalists have remarked, the revised PSD2 (Payment Services Directive) regulation is the new pipeline that will allow third party providers (TPPs) to access customer data in EU banks.   On 13th Jan 2018, when the PSD2 regulation was adopted by legislation in EU countries as per the EBA (European Banking read more...

Corporate Banking is just like the International Space Station

On Friday, January 19th 2018, the International Space Station (ISS) completed its 7,000th day in orbit – that’s over 19 years. Creating the space station was extremely challenging – considering that it circles the Earth every 90 minutes at a speed of 28,000 kilometers per hour. To make matters more complex the ISS was designed to be permanently occupied, a 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™.

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