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.*
THE KEY FACETS OF FINNAXIA
Global Payments which makes money flow anytime anywhere. Managing account payables amidst regulations & tight liquidity conditions, scores high on every treasurers agenda. The global payments product module supports a comprehensive set of features geared to handle and manage the corporate customer's payments needs, thereby enhancing the quality of customer service. Bulk payments, Payroll,
cheque printing, supplier vendor payments, standing orders and managing correspondent bank relationships for multi currency payments in multi country and multi time-zone environment etc. all add to the feature repository of Global Payments.
Identifying the urgent need to unlock trapped working capital, FinnAxia's next module of Liquidity Management not only empowers banks to manage account payables, receivables and fund forecasting but it also can revolutionize the entire financial value chain. The product module helps banks in defining cash concentration structures based on corporates operating model thereby ensuring optimum fund consolidation. It gives the added flexibility for just the necessary fund movement thereby retaining optimum account balances and maximizing interest income on consolidated balances and managing inter-company liabilities
FinnAxia Business Internet Banking is the internet front end for bank's customers to view and manage their total financial position, anywhere and anytime. It ensures Bank's corporate customers have total transparency, freedom and greater control, allowing them to manage their corporate finances as easily and conveniently as private customers. With a single liquidity view across multiple currencies and jurisdictions, the customers have the freedom to manage their cash inflows and outflows 24/7.
Functionally rich and scalable, FinnAxia's mobility suite is underpinned by a security layer, providing users with a reliable and enterprise wide security access control. The solution's transaction processing capabilities integrates payments, cash management, account services and liquidity management to transform customer's device into fingertip banking thereby enabling additive and transformational banking.
About Nucleus Software Exports Limited
Nucleus Software is a leading software powerhouse providing innovative and pioneering software solutions for Banks and Financial organizations globally. Nucleus Software offers a host of competitive IT solutions and consultancy services designed to support the whole spectrum of business offerings across retail banking, corporate banking, cards and cash management. With presence in 50 countries and over
150 customers across the globe, the company is consistently innovating with cutting edge and industry
driven products in the domain. Nucleus Software is listed on the National Stock Exchange and Bombay
Stock Exchange in India. For more information, visit www.nucleussoftware.com.
For Media related information, please contact:
Puja Bhattacharjee, Nucleus Software
Email: puja.bhattacharjee@nucleussoftware.com
Phone: +91-120-4031400
Divyabh Singh, Gutenberg Communications
Email: Divyabh@gutenbergpr.com
Phone: +91. 8447071003
*Source: BCG, Transaction Banking advantage, 2012
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