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Risk-based pricing of loans in India: the shape of things to come?

Recently, a leading Indian Bank announced plans to price retail loans based on consumers’ credit scores. This means that loan seekers with strong financials and a good loan repayment track record should get loans at lower rates.   While common in other parts of the world, and common in corporate lending the move is innovative for retail lending in India. read more...

Time is money, but when it comes to banks, whose time and whose money?

‘Time is money’ – an oft-repeated phrase. However, when it comes to financial services it seems to have a different meaning, in fact it could be changed to ‘money takes time’ and usually a long time. Historically there were good reasons for this – people needed to be ‘careful with money’ and taking care takes time.   But the world has moved read more...

Supercharging Receivables Management

The global economy can be characterised by one word – volatile. Barely a day goes by without conflicting news stories emerging of tremendous growth or anticipating disaster ahead. Considering these global cues, the IMF has reduced its 2020 forecast for global GDP growth by 6%. When this volatility is combined with the lingering effects of the global financial read more...

Low oil prices: High time for a transformation in lending

In August 2005 the price of crude oil was around $80 a barrel. By June 2008 it was over $150, and barring a short period in 2009, it traded consistently above $80 for nearly a decade. In 2014, who would have predicted that it would crash to below $30 and settle around $50? So, is $50 the new normal? Opinions vary but no one can be certain. What is certain is that the read more...

Self-Service – A win:win for customers and banks

Today’s customers are technologically savvy, digitally connected and seek personalized service with clear expectations. They believe that they should be able to do things their own way, with their own devices and at a time and a place of their choice. Self-service - originally designed to reduce costs by enabling customers to help themselves – has evolved. With read more...

Challenging the challengers in retail lending

The banking and financial services sector is witnessing the growing challenge of the FinTech companies - a recent study by Frost & Sullivan indicates that banks in Australia could lose A$13 billion in revenues to the FinTech sector. The Australian FinTech Sector is predicted to grow at a CAGR of 76.36% and reach A$4.2 billion by 2020; of which A$1 billion will be read more...

Agriculture and Small Medium Enterprise lending – The business ...

With a GDP of US$510 billion, Nigeria is the largest economy in Africa, and 26th largest in the world. Driven by oil and gas, Nigeria’s economy is strongly influenced by the global crude oil prices. When oil prices plummeted to a new low in the last 18 months, the performance of oil company stocks was highly affected, thus raising an alarm on their non-performing read more...

Will the rise of self-driving cars be the end of automotive finance?

The global automotive industry was worth $2.3 trillion in 2015, but this number is likely to change significantly in the future. Boston Consulting Group, in their recent study, forecasted that partial autonomous vehicles, i.e. those that drive themselves on the freeway or take over in traffic jams, may be on the road in large numbers by next year and fully autonomous read more...

Leveraging effective Collection Systems and Predictive Analytics to ...

Rising bad debts in Australia – A call for action In our previous article (refer to http://blog.nucleussoftware.com/lending/rising-bad-debts-in-australia-a-call-for-action/), we have discussed about the rising bad debts in Australia and how an impending doom is predicted in Australian market in the form of upcoming Housing Loan NPLs. This article is a 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™.