Nucleus Software Announces Launch of Latest Version of its Transaction Banking Solution FinnAxia 6.5
July 25, 2019 at 01:16 am EDT
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Nucleus Software announced the launch of the latest version of its transaction banking solution FinnAxia 6.5. As the business world becomes more hyper-connected and supply chain ecosystems change rapidly, financial institutions are under increasing pressure to deliver real-time, integrated financial services across multiple channels, while also rapidly bringing new products to market, and swiftly taking advantage of opportunities as they arise. But, in addition to many benefits it brings, the dramatic rise in real-time, digital transactions has also made financial services more vulnerable to payments fraud and cyberattacks. To counter the threat it has become imperative for financial institutions to modernize their technology infrastructure to enhance security and resilience while also improving speed and efficiency. Recognizing the growing challenges posed by digitization, the latest version Nucleus Software's comprehensive transaction banking solution FinnAxia introduces a revolutionary real-time AI-enabled anomaly detection capability, which enables financial institutions to detect fraudulent and duplicate transactions early and proactively act on them. In addition to supporting instant payments and providing sophisticated virtual account management, FinnAxia 6.5 is also SWIFT gpi-enabled allowing businesses to track the status of their transactions in real-time.
Nucleus Software Exports Limited is a provider of lending and transaction banking products to the financial services industry. The Company is engaged in the business of development and marketing of software, product, and software services for business entities in the banking and financial services (BFS) vertical having its operating units located in Noida, Uttar Pradesh. It operates in seven geographical segments: India, Far East, Southeast Asia, Europe, Middle East, Africa, and Australia. Its two flagship products include FinnOne Neo and FinnAxia. FinnOne Neo suite is an end-to-end solution for lending businesses. FinnAxia suite offers an enterprise solution for the transaction banking operations of corporate banks. It provides various lending, such as FinnOne Neo retail lending, FinnOne Neo corporate lending, FinnOne Neo digital channels, and Nucleus lending analytics. Its transaction banking includes advisory services and FinnAxia cash and liquidity management.