Nucleus Software to showcase the latest version of its Transaction Banking Solution at Sibos

During the event, which takes place in Singapore from Oct 12 to 15, Nucleus Software said it  will present its newly launched next-generation integrated transaction banking product, FinnAxia 2.0.

According to recent research by McKinsey, transaction banking in the Asia-Pacific region is expected to grow by 12% to USD 578 billion dollars in 2017 and will become the world’s largest transaction banking market.

To capture this tremendous opportunity, banks need to transform their business and operating models.

Designed using a unique combination of advanced technology and comprehensive functionality FinnAxia 2.0 delivers the business agility banks need to capitalize on the opportunities. The solution offers 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.

Commenting on the event, Daragh O’Byrne, VP – Global Head of Marketing & Alliances, Nucleus Software said “Sibos is the world’s premier financial services event, every year it brings together 7,000 business leaders and topic experts. For more than a decade we’ve been helping some of the world’s most innovative financial institutions thrive in the ever changing Transaction Banking market, and we are delighted to be able to share that experience and expertise in Singapore. Working Capital Optimisation, cost reduction, and enhanced forecasting are all on the top of the agenda for corporates. There is a strong need for a new generation of integrated transaction banking platform that delivers ‘multi-everything’ – a multi-bank, multi-country, multi-currency, multi-entity, multi-channel solution essential for truly unified working capital management. FinnAxia helps you do all of that and much more. It helps banks to drive standard operating model while providing local products and global best practices. Every day, FinnAxia is used by the world’s top banks to process 10.2 million transactions.”