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PROFILE
Turning raw data into actionable intelligence
IBS Journal chats to Vishnu R Dusad, CEO, Nucleus Software, about customer focus, new solutions and the pace of migration as banks move ever so gradually into the cloud
in India.
From a financial perspective, our consolidated revenues increased by 7%, revenues from our products business increased by 10% and our profits increased by 72%.
Nucleus hosts its software on the cloud, what is the company’s view towards the technology?
The banking and financial services industry is undergoing a significant transformation. Customer expectations are rising, economic volatility is increasing, competition is exploding, profit margins are under stress, and the regulatory landscape is continuing to evolve. While the banking and financial services industry has adopted cloud more cautiously than other industries, the pace of adoption is increasing as the benefits become clearer and as the sophisticated of solutions available in the cloud increases.
both a financial and a client basis? H
In 2016, we continued our focus on helping customers take advantage of market opportunities using innovative technologies We launched two new solutions – Lending Analytics, to help companies turn their raw data into actionable intelligence and FinnOne Neo Cloud, to enable companies to take advantage of the power of the cloud. These solutions have opened new target markets for us. We executed projects for our lending and transaction banking customers all over the world – from Europe to Australia, from the Middle East and Africa to South East Asia, and of course
www.ibsintelligence.com © IBS Intelligence 2017 ow was 2016 for Nucleus Software, from
With the cloud, banks can increase business agility, improve flexibility and reduce costs. These benefits are especially critical where companies are looking for faster time to market, easy scalability, an Opex based cost model, agile operations and quicker returns on their IT investments.
As an Indian company, how do you feel about the demonetisation in the country?
It isn’t very often that a single action can dramatically affect the lives of 1.3 billion people virtually overnight. On November 8th 2016 the Government of India announced the demonetisation of 500 and 1,000 rupee banknotes. As they made up more than 86% of the total value of all notes in circulation, the decision had profound implications. The aim of this ambitious step was to combat tax cheating, counterfeiting and corruption. However, it is too early to
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