Nucleus Software Exports Ltd.

Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, has entered into a strategic partnership with Microsoft to deliver the latest version of the best-selling lending software in the world, FinnOne Neo, on Microsoft Azure.

Nucleus Software's products power the banking operations of more than 150 companies across 50 countries. Microsoft Azure is increasingly used by banks and financial services institutions worldwide. This collaboration between Nucleus Software and Microsoft will provide banks with scalable, proven and cost-effective IT infrastructure to help them launch innovative offerings for customers.

The global banking and financial services industry is undergoing a major transformation driven by growing competition and new technology. The growth of cloud technology is emerging as a key driver for change, allowing established players and new competitors alike to respond to customer needs with innovative products and easy availability of services with low overheads. As a result cloud computing services are becoming popular across the banking landscape as they reduce complexity and costs while improving agility for delivering banking solutions.