Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced the launch of FinnAxia 2.0, the latest version of its next-generation transaction banking product suite.
The new product suite includes extended compliance with global and regional regulations and payment standards, increased capabilities for ‘payments on behalf of’ (POBO) and additional features to support bank customers running corporate shared service centres (SSCs) and outsourced receivables management.
FinnAxia 2.0 comprises Global Payments, Global Receivables, Business Internet Banking, Liquidity Management and Financial Supply Chain Management.
Ravi Pratap Singh, executive director and president, Products, Nucleus Software said, ''We are extremely excited about the latest release of FinnAxia. With three decades of global experience and deep domain knowledge, we are well positioned to deliver product enhancements that provide added value to our customers. The new solution is part of our on-going development program and 6-monthly product release cycle.''
Shares of the company gained Rs 8.4, or 3.45%, to settle at Rs 252. The total volume of shares traded was 51,849 at the BSE (Tuesday).