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Artificial Intelligence In Lending – Is It A Magic Bullet?

Banks and other financial service companies are built on security and trust. They keep your money safe and you trust them to give it back when you ask for it. If you don’t trust your bank, you will take your money out. But if “too many” people do that then there will be a run on the bank. No bank has enough “cash” to cover all they “owe” to their read more...

The Digital Company: It is much more than just “Online and Mobile”

It is easy to understand why digital transformation is one of the top priorities for banks and other financial institutions. The facts are clear – nearly half of the world’s total population - 3.5 billion people, use the internet for their day to day needs. There are more mobile phone users than people worldwide - 7.5 billion, of which 3.9 billion are smart phone read more...

How can traditional banks win the battle for Millennials?

According to a three-year study by Scratch/Viacom Media Networks covering 10,000 millennials (people born between 1982 and 2000), 71% of them would rather go to the dentist than listen to what banks say.   The same survey reported that all four of the top banks in the U.S. are among the 10 “least loved” brands, and a third of millennials believe they read more...

Is FX automation the key to banks enhancing customer experience and ...

As competition continues to increase, banks are offering a growing set of transfer and exchange services to compete with traditional methods of sending money abroad. The market participants have an increasing list of options when they want to execute an FX trade, ranging from traditional high-touch trades through sell-side sales traders to electronic trades done read more...

Who moved my Bank?

In the last decade or so, the global financial services landscape has undergone many radical changes – mergers and acquisitions, government-backed takeovers and regulatory challenges,that have reshaped the competitive landscape. Rapidly advancing technology and changing consumer behavior have placed the future of the bank branch at significant read more...

Keeping it Simple – it’s harder than it seems?

This blog originally posted on Nov 7 was updated on Dec 9 to reflect bob Finance and FinnOne winning ‘The Banking Technology Award 2016 – Highly Commended for Best Use of IT in Lending’   It seems obvious that the simplest solution is the best solution, after all, which would you prefer – a complex, difficult to understand and hard to operate read more...

Demonetization – An Opportunity to Fast Track Digitization?

It isn’t very often that a single action can dramatically affect the lives of 1.3 billion people significantly, virtually overnight. On November 8th, the Government of India announced the demonetization of 500 and 1,000 rupee banknotes.  As they together constitute more than 86% of the total value of all notes in circulation, the decision had profound read more...

The Sharing Economy: Creating New Opportunities for Banks

  The rapid advances in technology have been reshaping the ‘marketplace’. Normally described as the evolution of the market, in many ways, it is actually a “return-to-the-past”, in that technology is enabling markets to operate as they did previously - removing intermediaries and putting economic actors in direct contact with one another once again. One read more...

The rise of the machines, and their impact on business strategy

Human history has been marked by periods where improved methods, processes and technologies have resulted in tremendous changes. The industrial revolution included shifting from hand production to machine based production, improvements in power use and an increasing use of standards-based approaches rather than bespoke, craft-based approaches.   Virtually read more...

About Nucleus

At Nucleus Software we are committed to providing efficient, modern yet proven software solutions for the global Banking and Financial Service industry. We have been pioneers in developing Retail Banking Software, Corporate Banking Solutions, Transaction Banking, Cash Management and Internet Banking Software since 1986. Our success spreads across more than 50 countries, and we serve our customers globally through our direct and partner operations across US, Europe, Asia-Pacific, Africa and the Middle East. We are known for our world-class expertise and innovation in lending and transaction banking technology. Our two flagship products, built on the latest technology are: FinnOne™ and FinnAxia™.