The implementation of FinnAxia®, a Transaction Banking & Supply Chain Finance solution from Nucleus Software Exports Ltd, India, at BRAC BANK Limited, Bangladesh, enabled the bank to win the IBS Intelligence Global FinTech Innovation Awards 2022.

• ➢ Faster customer onboarding.
• ➢ Implemented in short span of time.
• ➢ Extensive API stack enabling easy third-party integrations.
• ➢ Offering superior customer experience.

Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced winning the “Best Implementation in Transaction Banking” Award by IBS Intelligence Global FinTech Innovation Awards 2022, for an Innovative Transaction Banking solution implementation.

The award recognized the rapid implementation of the Nucleus Software’s Supply Chain Financing solution from their Transaction Banking Suite FinnAxia® at BRAC Bank designed to support the bank’s strategy of venturing into the supply chain financing market to provide seamless solutions for all its end customer offerings. As a result of the solution’s sophisticated end-to-end digital capabilities, BRAC Bank can onboard customers faster and service in 4 minutes and 52 seconds enabling quicker customer activation. FinnAxia® is a completely automated and paperless solution which enables the Banks customers to operate in a hassle-free environment thus creating customer delight and engagement.

Mr. Selim R. F. Hussain, Managing Director & CEO of BRAC Bank, said – “As a SME-focused bank, BRAC Bank always strives to cater to the evolving needs of the grassroots SME business owners. Aligned with the mission, with our new Supply Chain Finance solution developed by Nucleus Software, we will be able to help businesses keep pace with competitive and fast-changing business landscape through seamless and faster financing support. The solution will fast track financing with digital tools, immensely benefiting the SMEs. At BRAC Bank, the solution will ensure faster service delivery and enhance efficiency and productivity and expand outreach. We are immensely honoured to have received this international award jointly with Nucleus Software. We will continue to adopt best-in-class technology to serve our customers better.”

Mr. Parag Bhise, Chief Executive Officer of Nucleus Software, added “We are honored to work with BRAC Bank and to support their visionary approach to digitization. We are extremely delighted to receive this prestigious award alongside BRAC Bank and to be recognized for pioneering work and our efforts in Transaction Banking. We look forward to continuing to assist BRAC Bank as they expand their business and explore new ways to stay ahead of competition.”

About BRAC Bank – Bangladesh

BRAC Bank Limited, traded as ‘BRACBANK’ on Dhaka Stock Exchange, has been one of the fastest-growing banks in Bangladesh with a particular focus on the SME segment. BRAC Bank takes pride at the highest Moody’s Rating (currently Ba3) among all banks in Bangladesh for five consecutive years. It is also the first and only bank in Bangladesh with an issuer rating by S&P Global Ratings (B+). With 1.3 million customers, the bank has already proved to be the largest collateral-free SME financier. A member of the Global Alliance for Banking on Values (GABV), it continues to serve as a standard bearer for governance, transparency, ethics and compliance.

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.

1. 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.
2. 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.
3. 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.
4. 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