Category: Retail Lending

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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...

Agriculture and Small Medium Enterprise lending – The business ...

With a GDP of US$510 billion, Nigeria is the largest economy in Africa, and 26th largest in the world. Driven by oil and gas, Nigeria’s economy is strongly influenced by the global crude oil prices. When oil prices plummeted to a new low in the last 18 months, the performance of oil company stocks was highly affected, thus raising an alarm on their non-performing read more...

Will the rise of self-driving cars be the end of automotive finance?

The global automotive industry was worth $2.3 trillion in 2015, but this number is likely to change significantly in the future. Boston Consulting Group, in their recent study, forecasted that partial autonomous vehicles, i.e. those that drive themselves on the freeway or take over in traffic jams, may be on the road in large numbers by next year and fully autonomous 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 the past to predict the future and reduce NPLs in banking

When the Reserve Bank of India set March 2017 as the deadline for Indian banks to clean up their balance sheets, by classifying stressed assets as Non-Performing loans (NPLs) and setting aside funds (provisions) to cover them by the end of March 2016, many industry commentators were concerned. While the exercise was positive, in that it is designed to restore the 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™.