New Delhi, India 14 April, 2016— Celent (www.celent.com), a research and consulting firm focused on the application of information technology in the global financial services industry, has named Nucleus Software, a global IT products and solutions company, as a Model Bank Vendor 2016. Introduced this year, the Model Bank Vendor award is designed to recognize a vendor’s crucial role in helping clients achieve their business objectives through the use of technology or implementation excellence.
Nucleus Software stood out this year by working with a diverse set of clients to help them deliver enhanced customer service through a number of complex and challenging initiatives.
Model Bank is the main award that a financial institution can win from Celent. The program started in 2008 and is now in its ninth year. Celent seeks examples of best practices in technology usage in different areas critical to success in banking. In 2016, the competition was particularly intense as Celent received a record number of submissions across seven categories. The company recognized 18 initiatives with a Model Bank award. The winners represent a diverse group of financial institutions spanning multiple countries and several continents. In addition, since 2012 Celent has been recognizing one initiative as the overall Model Bank of the Year, the top honor.
Celent judges Model Bank initiatives on three criteria:
Celent usually receives a number of nominations that score highly in Technology or Implementation Excellence, although perhaps not highly enough across all categories to win an award for the financial institution. Typically, such initiatives involve a technology vendor.
Model Bank Vendor is a new award introduced by Celent in 2016 and recognizes the vendor role in helping multiple clients achieve technology or implementation excellence. Celent introduced this award to extend its appreciation to the vendor community, which is instrumental in the ongoing success of the Model Bank program.
Selected examples of Nucleus Software’s expertise as technology vendor this year includes:
Celent is grateful to have been exposed to so many extraordinary initiatives and the talented individuals responsible for their success. Celent judges extend their congratulations to Nucleus Software, a deserved winner of the inaugural Model Bank Vendor award.
Celent relies on the information provided in the submission forms when judging the initiatives and has not independently verified all claims by the financial institutions and their technology vendors.