Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced its participation at Sibos 2015. During the event, which takes place in Singapore from 12th to 15th October Nucleus Software 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, Mr. 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.”
Nucleus Software will also be hosting an exclusive dialogue ‘Profiting from Disruption’ to address the challenges posed by growing customer demands, new technologies and increased regulation.
In this invite-only event, experts from Nucleus Software will share the company’s global expertise through interactive sessions including “The important role innovation will play – from virtual accounts, POBO and ROBO to support for new customer demands and new channels”, “The continued rise of regulation – does Basel III mean the end of Notional Pooling for corporate Treasury?”, “The need to balance standardization with personalization – standardization brings process advantages customers aren’t all alike” and “The continues expansion of regional transaction banking – capitalizing on it, profiting from it?”.