Buzzing Stock: Nucleus Software jumps by more than 7 per cent on key business development

The share price of Nucleus Software Exports was seen soaring on bourses on Tuesday morning session even as the broader markets bounced back on an intraday basis. The shares of Nucleus Software Exports jumped higher by more than 7 per cent on Tuesday even as the stock becomes the top BSE SmallCap Index gainer on an intraday basis. 

Nucleus Software, the leading provider of lending and transaction banking products to the global financial services industry, announced that it will empower South Indian Bank, a Kerala based leading Private sector bank in South India, by providing the best-in-class digital solution offering to revamp the bank’s current retail lending landscape. 

It is expected that with FinnOne Neo, the bank can focus on launching products such as Home Loans, Loan Against Property (LAP), Loan Against Securities (LAS) and Personal loans with digital first approach followed by various other retail products. The solution will help the bank completely digitize its retail lending process with end to end digital on-boarding, data driven decision making and an integrated landscape, leveraging financial tech and third-party data sources, digital channels of distribution, digitized credit policy, etc 

Nucleus Software Exports Ltd. is a publicly traded (BSE: 531209, NSE: NUCLEUS), software product company that provides lending and transaction banking products to global financial leaders. Nucleus Software powers the operations of more than 200 Financial Institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas.