Nucleus Software, a provider of lending and transaction banking solutions to the global financial services industry, has launched its the latest version of its transaction banking solution.
FinnAxia is a global transaction banking solution used by banks worldwide to offer global payments and receivables, liquidity management and business internet banking services.
The new version, called FinnAxia 5.0, also includes a newly launched trade finance portal which helps corporate customers with a single, global view of their trade finance business. According to the company, this will reduce the risk of fraud and will also enable the bank to make ‘faster and more efficient’ financing decisions.
FinnAxia 5.0 also comes with cash management features to ensure working capital optimisation for the bank’s corporate customers. It also allows the corporates to define their own liquidity structures and visualise the prospective outcomes graphically.
Ravi Pratap Singh, head of global product management & executive director, said, “As a leader in the financial technology space, Nucleus Software has always focused on product innovation with a passion for perfection and a relentless commitment to deliver best-in-class products to corporate banks globally.
“This has, in turn, helped our customers respond faster to the changing market dynamics and capture new business opportunities as and when they arrive. The latest release of FinnAxia 5.0, includes a state-of-the-art trade finance portal, which provides corporate customers a 360 degree view of their cash positions and enable them to take faster and more informed decisions”.
With a constant emphasis on ensuring compliance to regulations, the new release of FinnAxia comes with the International Transaction and External Position System (ITEPS) to achieve payments compliance in the Malaysian market. Nucleus also offers India-based NPCI compliant Direct Debit Mandate capabilities via both physical and electronic forms.
Headquartered in Nodia, India, the company’s software powers the operations of more than 150 customers in 50 countries, supporting retail banking, corporate banking, cash management, internet banking, automotive finance & other business areas. The company also provides FinnOne Neo, a lending solution built on an advanced technology platform, designed to shape the future of lending across retail, corporate and Islamic sectors for banks and financial service companies.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
