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Nucleus Software' to showcase its digital lending capabilities at NABS 2018 Nigeria

Posted On: 2018-09-25 12:06:57

Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, is participating as a Gold Partner at The New Age Banking Summit (NABS 2018) Nigeria to be held on 26th -27th September in Lagos. The two-day summit is designed to address key challenges and also explore technologies that can accelerate the Nigerian banking sector into the digital age. Nucleus Software experts will demonstrate how the latest technologies in retail and corporate lending can help transform businesses.

According to a McKinsey report, close to half of Africans will be banked by 2022, compared to just over one-third today. Africa's banking markets are fast growing and nearly twice as profitable as the global average. To capitalize on the growth opportunities and benefit from digital, it is essential for banks and other financial services companies to embrace digital comprehensively. FinnOne Neo has been designed to meet the challenges of delivering agile and efficient lending services while reducing the cost of operations. With implementations across 50 countries, FinnOne has been recognized as the world's best-selling lending solution 10 times. Nucleus FinnOne Neo Corporate is an end-to-end digital lending solution that delivers the business agility required in lending to large corporates and Small-to-Medium Enterprises (SMEs). FinnOne Neo Corporate provides the widest support of range of corporate lending products in fund based and non-fund based lines of business. Nucleus Lending Analytics, an AI-powered solution helps banks make better credit decisions faster, improve lead generation, reduce customer churn, while also making their collections faster, more convenient and more cost effective.

Daragh O'Byrne, Global Head - Marketing and Alliances, Nucleus Software said, "We have been present in Africa for over a decade and are working with multiple leading financial services companies in the region. At Nucleus, we are committed to leveraging the power of new technologies including AI, Bots, Analytics and Cloud to help banks in Africa drive transformation beyond digital. Our unique portfolio of offerings including FinnOne Neo, Lending Analytics and Digital Portal will enable banks to enhance their end to end processes to offer an unmatched personalized experience to their customers".

Alpana Roy, Executive Vice President, UMS Group said, "It gives us great pleasure to welcome Nucleus Software in the 8th edition of The New Age Banking Summit Nigeria. The Nigeria edition of this event will bring together carefully selected industry experts, to provide insights into the key trends and challenges of banking in the digital era. Innovative solutions offered by Nucleus Software allow banks to offer an enhanced banking experience to their consumers. The two-day summit is designed to address key challenges and also explore technologies that can accelerate the Nigerian banking sector into the digital age. We are confident this event resonates with Nucleus Software's brand vision. We look forward to a long and fruitful relationship with them".

Shares of NUCLEUS SOFTWARE EXPORTS LTD. was last trading in BSE at Rs.386.05 as compared to the previous close of Rs. 397.2. The total number of shares traded during the day was 2942 in over 179 trades.

The stock hit an intraday high of Rs. 399.4 and intraday low of 385.95. The net turnover during the day was Rs. 1152830.


Source: Equity Bulls

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