Nucleus Software announced its strategic partnership with Microsoft
Nucleus Software Partners
with Microsoft
to deliver cloud based lending solution globally
The award-winning next-generation lending platform
FinnOne NeoTM
is now available on Azure Cloud to
offer lower IT costs, greater agility and
higher data security
to its customers
by Shrutee K / DNS
New Delhi, India, August 13, 2015 — Nucleus Software, the
leading provider of lending and transaction banking solutions to the global financial services industry, announced its strategic partnership with Microsoft to deliver the
latest version of the best-selling lending software in the world, FinnOne NeoTM,
on Microsoft Azure.
·
The global banking and financial services industry is undergoing
a major transformation driven by growing competition and new technology. The
growth of cloud technology is emerging as a key driver for change, allowing
established players and new competitors alike to respond to customer needs with
innovative products and easy availability of services with low overheads. As a
result cloud computing services are becoming popular across the banking landscape
as they reduce complexity and costs while improving agility for delivering
banking solutions.
According to a recent Ovum report*, over 60% of the
retail banks across the globe are spending between 20%-39% of their new IT
spending on Software-as-a-Service; Infrastructure-as-a-Service and
Platform-as-a-Service for easy access to a range of scalable, cost-effective IT
solutions, increased speed to market of new offerings and simplified IT
infrastructure with reduced overheads.
Harish
Vaidyanathan, Director - ISV Business, Developer Experience, Microsoft India
said, “With Microsoft Azure we are helping Nucleus
Software address requirements of the banking and financial services
industry. Azure is a trusted cloud platform for critical sectors
such as banking and finance, given the inherent security of the platform, while
also being flexible and scalable. We are looking forward to a partnership with
Nucleus Software in leveraging the best of Microsoft platform to provide
differentiated value to our BFSI customers.”
Commenting on the partnership,
Mr. Arup Das, Vice President and Global Head – Lending Product, Nucleus Software said, “We are excited about our partnership with
Microsoft for its cloud services to drive the next wave of growth for the
banking industry. For three decades we have been helping our customers with the best-in-class software technology
to stay competitive and deliver superior customer experience. The partnership with Microsoft is a step ahead in this
direction and marks a significant milestone in our product leadership. Making
FinnOne Neo available on the cloud will provide banks and finance companies
with a much needed lending platform that is secure, scalable and responsive to
the changing customer demands.”
Nucleus Software’s FinnOneTM
product was recently ranked as the ‘No. 1 Best Selling Lending System’ by
International Banking Systems (IBS) for the 7th year in a row. FinnOne Neo, the
next-generation version released in 2014, was designed to be delivered via the
cloud and the recently completed proof of concept with Azure confirms that this
is a key delivery channel for the solution.
Nucleus
Software’s products power the banking operations of more than 150 companies
across 50 countries. Microsoft Azure is increasingly used by banks and
financial services institutions worldwide. This collaboration between Nucleus
Software and Microsoft will provide banks with scalable, proven and
cost-effective IT infrastructure to help them launch innovative offerings for
customers.
About Microsoft
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the
worldwide leader in software, services, devices and solutions that help people
and businesses realize their full potential. Microsoft set up its India
operations in 1990. Today, Microsoft entities in India have over 6,000
employees, engaged in sales and marketing, research and development and
customer services and support, across nine Indian cities - Ahmedabad,
Bangalore, Chennai, Delhi NCR, Hyderabad, Kochi, Kolkata, Mumbai and Pune.
Microsoft is committed to touching and transforming lives and businesses in
India through technology.
About Nucleus
Software
Nucleus Software is the leading
provider of lending and
transaction banking
products
to the global financial services industry. Its software powers the operations of more than 150 companies in 50 countries, supporting retail banking, corporate banking, cash
management, internet banking,
automotive finance and other
business areas.
Nucleus Software is known for its world-class expertise and innovation in lending and transaction
banking technology. It has two flagship products,
built on the latest technology:
- FinnOneTM, named the World’s Best Selling Lending System for 7 years running (IBS Publishing)
- FinnAxiaTM, an integrated global transaction banking solution used by banks worldwide to
offer
efficient and innovative global payments and
receivables, liquidity
management
and business
internet banking services
Click to Tweet: Nucleus Software Partners with Microsoft to deliver FinnOne NeoTM on Azure Cloud
Nucleus Software is listed
on the National Stock Exchange and Bombay Stock Exchange in India. For
more information,
please visit www.nucleussoftware.com.
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