Category: Digitization

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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...

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...

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...

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™.