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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 rise of the machines, and their impact on business strategy

Human history has been marked by periods where improved methods, processes and technologies have resulted in tremendous changes. The industrial revolution included shifting from hand production to machine based production, improvements in power use and an increasing use of standards-based approaches rather than bespoke, craft-based approaches.   Virtually 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...

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...

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...

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™.