Partnership and Upgrade Details
Nucleus Software Exports Limited announced that Stanbic IBTC Bank, a member of Standard Bank Group, has successfully advanced to FinnAxia® 9.0, marking a significant milestone in their long-standing partnership spanning over a decade. This upgrade represents the latest step in their ongoing collaboration to strengthen transaction banking capabilities.
Technical and Functional Enhancements
The advancement to FinnAxia® 9.0 enhances Stanbic IBTC Bank's transaction banking platform with several key capabilities:
- Strengthens integrated payments, collections, liquidity management and cash management solutions
- Supports greater agility across operations
- Improves automation and connectivity
- Enhances digital experiences for customers
- Provides a scalable foundation for future growth and innovation
The upgrade addresses evolving customer expectations for seamless, real-time and digitally enabled banking services.
Strategic Context and Market Positioning
Across Africa, transaction banking is entering a new phase of transformation as businesses increasingly seek:
- Real-time payments
- Digital trade services
- Intelligent liquidity management
- Connected banking experiences
Financial institutions are investing in modern technology platforms that enable faster innovation while maintaining resilience, security and customer-centric service delivery. The adoption aligns with Stanbic IBTC Bank's broader strategy of leveraging technology to create value for clients and maintain high standards of operational excellence.
Executive Commentary
Eric Fajemisin, Executive Director, Corporate and Transaction Banking, Stanbic IBTC Bank stated: "Our relationship with Nucleus Software has spanned a decade and forms part of our broader commitment to continuously strengthening the solutions and services we provide to clients. As transaction banking continues to evolve, we remain focused on investing in capabilities that help businesses operate with greater speed, visibility and confidence."
Jesuseun Fatoyinbo, Head of Transaction Banking, Stanbic IBTC Bank added: "Transaction banking today is about delivering intelligent, seamless and responsive experiences for customers. This enhancement further strengthens our ability to simplify customer journeys, improve operational efficiency and introduce new capabilities more rapidly."
Parag Bhise, Chief Executive Officer and Executive Director, Nucleus Software commented: "We value our long standing relationship with Stanbic IBTC Bank and are pleased to support the Bank's continued efforts to enhance its transaction banking capabilities. FinnAxia® 9.0 has been designed to help financial institutions respond to evolving customer expectations through improved automation, connectivity and operational efficiency."
About Nucleus Software
Nucleus Software Exports Ltd. is a publicly traded software product company that provides lending and transaction banking products to global financial leaders. The company delivers Fintech solutions to 200+ Banks and Financial Institutions across 50 countries supporting Retail Lending, Corporate & SME Finance, Islamic Finance, Automotive Finance, Cash Management, Mobile & Internet Banking, and Transaction Banking.
Key operational metrics:
- Manages over $15 trillion value of yearly transactions
- Processes over 26 million transactions each day through globally integrated transaction banking platform
- Manages $1.2 trillion+ value of loans globally
- Enables 500,000+ users to log in daily
Flagship products include FinnOne Neo® (digital lending platform) and FinnAxia® (integrated global transaction banking suite).