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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...

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...

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...

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™.