September 25, 2014
Nucleus Software takes IT Product Forte to Sibos 2014 Boston
Nucleus Software’s Transaction Banking insight and solution expertise support global and regional banks in 22 countries Nucleus Software Exports Limited, a leading global software product and solutions company delivering consistent value to mission critical business processes of banking and financial services sector, today announced its participation at Sibos 2014 Boston, a premier business forum for the global financial community to debate and collaborate in the areas of payments, securities, cash management and trade, to be held from September 29 – October 02 2014
Nucleus Software will showcase its latest Transaction Banking solution, FinnAxiaTM, at this event. 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 FinnAxiaTM is a robust and reliable product suite to fulfill the dynamic needs of global transaction banking market. Transaction Banking is creating new opportunities for banks to fuel profitable growth. With a theme of Driving the New Normal: Agile.Scalable.Relevant, Nucleus Software will present insights in seminars on the opportunities and challenges facing bankers across the world. Banks and large corporate organizations increasingly require granular information in realtime 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
“Nucleus Software has been providing customers global transaction banking solutions for over a decade. Our solutions are present across 22 countries. The robust and proven product suite FinnAxiaTM has an extensive functional landscape geared to deliver business value through growth and transformation will be a key focus at Sibos 2014 Boston. This is our 10th year of participation in the global forum and we look forward to some great conversations with our customers”, said Mr. R.P Singh, Executive Director & President, Products, Nucleus Software.
With industry reports stating that transaction banking is fast becoming a significant enabler of banks’ overall growth, banks are increasingly exploring global transaction services across regions. Success requires agility, scale, competence and Nucleus Software’s FinnAxiaTM is just the right product to ensure that banks are always ahead of the curve.
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.
Global Receivables which synergizes cash flows is also high on priority since managing outstanding account receivables and ensuring timely collections is critical not only from the perspective of balance sheet management but also for ensuring shareholder confidence.
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.
FinnAxiaTM 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
eFinancial Supply Chain Management which invigorates business value chains. It enables the financial flows of the business value chain and runs in parallel to the physical supply chain of a company. FSCM facilitates linking of the anchor customer with its suppliers and dealers, thereby optimizing the use of working capital through its unique pre and post shipment financing offerings.
FinnAxiaTM Mobility Solutions 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 transformation banking