Nucleus Software Exports Limited, (NSE: NUCLEUS, BSE: 531209), a leading provider of software products and solutions for the banks and financial services industry worldwide, today announced the launch of FinnAxia - a new, dynamic and comprehensive product suite designed to power the transaction banking space.
Developed on the foundations of the company's deep banking domain knowledge, its understanding of the market dynamics and based on continuous customer collaboration, Nucleus Software's FinnAxia is a robust and reliable product suite to fulfill the dynamic needs of global transaction banking market. Banks and large corporates increasingly require granular information in real-time across the financial value chain and a 360 degree view of all transactions to predict accurate cash flow needs and optimize the entire financial value chain to unlock trapped working capital.
Speaking on this special occasion, Mr. Vishnu R. Dusad, Founder, CEO and Managing Director, Nucleus Software, said "Providing Customer centric products amidst dynamic market conditions has become essential for banks and financial institutions seeking growth. This new product suite provides our customers an integrated solution to effectively manage key aspects of transaction banking with a perfect combination of rich value drivers including versatility, agility and high operational efficiency. FinnAxia continues our endeavor to provide consistent business value to our customers drawing upon 27 years of rich domain expertise. Additionally, in today's connected world, FinnAxia's mobility solutions will ensure our customers' competitive edge".
As per industry estimates, transaction banking revenues in India account for close to 30 percent of total banking revenues. Globally, the Transaction Banking market is expected to grow at a compounded annual growth rate of close to 11 percent from 2011 to 2021.*
Mr. V Muralikrishna, Global Head - Sales & Marketing, Nucleus Software, added "FinnAxia's robust design using multi layered Service Oriented Architecture will help our customers achieve operational efficiencies and offer greater business values to their corporate customers across countries on a secure single platform. This functionally rich, market ready product suite has b been tested with few customers globally and has successfully delivered business value. Our understanding of customers' business and successful track record of product implementations in over 50 countries makes us a trusted and reliable partner for leading banks."