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Housing Finance – Keeping pace with changing customer face

40 years ago, the average first-time home buyer in India was in his late 50’s. This is because, as part of retirement planning, the person was using his savings and provident fund money to buy a house. It was considered to be an integral part of ‘after retirement’ planning. More recently, things have changed and today, the average home buyer is in his 30’s, read more...

The path to profitable growth in retail lending

Despite a significant recovery from the global financial crisis, the retail banking industry is witnessing significant pressure on margins due to stringent regulations, changing customer behavior and increasing competitive threat from Fintechs.   A recent McKinsey study predicted that profit growth of Asia-Pacific lenders may slow to below 4% annually 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...

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...

FinTech and Bank: Blockchain can balance the scale for lending

Blockchain, the disruptive technology, which has become famous as the platform that powers crypto currencies such as bitcoin, offers the potential to disrupt banking and financial services. Various banks are working on harnessing the power of the blockchain technology for banking transactions.   Blockchain uses cryptography and a distributed messaging read more...

Customer centricity in bank lending: FinTech shows the way

The banking and financial services space has witnessed tremendous change recently, especially with regard to the rise of new players. As reported by KPMG, financing for FinTech has jumped 6 fold in the last 3 years, reaching US$20billion in 2015. The number of ‘unicorn’ FinTech companies has increased quickly, with Finovate reporting 46 and 38 more catching up read more...

NBFCs looking to technology to power their growth

The revised regulatory framework from the RBI seeks to address regulatory gaps while providing a level playing field for NBFCs and banks.   Over recent years, the NBFC sector has expanded sharply as witnessed by a credit growth at a CAGR of 24.3 % during 2007 -13 as against 21.4 % by the banking sector.   In most of these years, NBFCs grew faster 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™.