Nucleus Software has launched FinnAxia 3.0, the latest version of its next-generation integrated transaction banking product suite. FinnAxia 3.0 will enable banks to eliminate multiple siloed applications and includes a Direct Debit solution based on internationally accepted 1SO20022 messaging standards which makes it compliant with the major payments and settlement systems across the globe including the SEPA Direct Debit Mandate (SOD) in Europe and NACH in India.
The integrated transaction banking solution helps bank’s corporate customers reduce their account receivables cycle thereby optimizing Days Sales Outstanding (D50). FinnAxia 3.0 also comes with sophisticated cash forecasting capability which allows the banks to make better- informed decisions and ensure availability of the right amount of funds at right time and right place thus enhancing its working capital management.
It provides a single view of the customer to the bank across all its branches for pending actions and supports partial and full invoice reconciliation with all payment types (Cash, Electronic and Paper). The solution's modular and open architecture allowing seamless interfacing with third party anti-money laundering systems to help banks detect payment related frauds in real-time.
Nucleus Software Exports a leading provider of software solutions to the Banking, Financial Services Industry (BFSI). It has developed solutions spanning from retail banking to corporate banking, cash management, internet banking and credit cards.