Our Bureau
Singapore
Nucleus Software, a leading Indian fintech company renowned for its innovative banking solutions, celebrated a significant milestone—its 30th anniversary—at the prestigious Singapore Fintech Festival 2024. This year’s festival provided an ideal backdrop for Nucleus Software to showcase its journey and contributions to the global financial landscape.
Founded in 1986, Nucleus Software evolved from a small startup into a global leader in providing software solutions for the banking and financial services sector, with its foray in Singapore in 1994. The company’s co-founder and CEO, Vishnu R. Dusad, reflected on the initial challenges and triumphs during the early days.
The company’s flagship products, FinnOne Neo and FinnAxia, have become instrumental in transforming how banks manage their operations. FinnOne Neo is widely recognized for its comprehensive loan management capabilities, while FinnAxia offers robust corporate banking solutions.
Nucleus Software’s decision to establish a presence in Singapore in 1994 marked a pivotal point in its growth trajectory. The strategic move allowed the company to tap into Southeast Asia’s burgeoning fintech ecosystem and foster partnerships with leading financial institutions. Today, Nucleus serves over 200 clients across more than 50 countries, managing an impressive $700 billion in loans globally.
The Singapore Fintech Festival attracted prominent figures from the global financial sector, including Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore (MAS). In his keynote address, Mohanty highlighted the significance of fintech in promoting financial inclusion and sustainability.
The anniversary celebration was not only a reflection on past achievements but also an opportunity to look towards the future. Nucleus Software unveiled its latest advancements in artificial intelligence (AI) and machine learning (ML), aimed at further enhancing customer experience and operational efficiency. The company is committed to integrating these technologies into its existing product suite to provide even more sophisticated solutions for its clients.
Dusad shared his views on achieving the milestone, “For over 30 years, we’ve had the privilege of aligning our journey with Singapore’s ascent as a global financial powerhouse. Back in 1994, when we chose to go East instead of West, it was a bold and emotional decision—guided by our belief in Singapore as a hub for innovation and collaboration. We saw then what remains true today: Singapore is at the heart of the global financial landscape, a place where new ideas take root, and partnerships thrive.”
