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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...

Rising bad debts in Australia – A call for action

Australia’s banks are counted among the sturdiest in the world. They sidestepped the last financial crisis, and the big four – NAB, CBA, ANZ, and Westpac - boast some of the highest credit ratings globally. The big four have had six consecutive years of record profits, driven in part by very low bad debts. In fact, according to the Reserve Bank of Australia, the read more...

Lesson from challenger banks: Customer centricity really works

In 2010, when Metro Bank became the UK’s first new high street bank in 150 years, little did we know that floodgates were being opened. Today, there are more than 20 banks in various stages of license application and a backlog of 86 peer-to-peer lending companies awaiting authorization to operate from the Financial Conduct Authority. It is clear that challenger read more...

Using Analytics to Drive Growth and Improve Customer Experience in ...

Islamic banking and finance has risen rapidly, and today there are nearly 500 Islamic banks operating in 75 countries around the world. The future is very promising as well, with assets projected to grow at 9.80% CAGR over the next 5 years to reach USD 2.61 Trillion. The QISMUT region continues to drive a lot of the growth, accounting for more than 80% of global read more...

Re-inventing lending in Japan through new-age technology

"It is an axiom nowadays that no bank fails for lack of capital; unprofitable lending is always the underlying cause." -- James Grant, author- ‘Money of the Mind’.   Over the past couple of decades, competition among lenders has been fierce and this only seems to be increasing with every passing day. In order to retain existing customers and acquire new read more...

Technology – A Panacea to Mutuals’ Challenges?

How can Mutuals harness Technology to address their Challenges? Technology is transforming the way we bank and consumers are driving this transformation. Customer centricity is the buzzword as banks’ processes and systems are being aligned with their customers. Current trends in banking like mobile first design, digital branches, innovation, and enhanced customer read more...

Can customer-centric collections benefit your entire operations?

How often does a bank try to understand the full extent of a customer’s relationship with its organization?   Consider this example: A customer has had multiple accounts with your bank for the last 7 years with an average annual balance of $35,000 in her savings account and a credit card account whose payments have been received before the due date every 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™.