Federal Bank, one of India’s leading private sector banks, has launched FedOne, a cutting-edge corporate banking platform powered by Nucleus Software’s FinnAxia. This initiative marks a significant leap in modernizing banking services, focusing on innovation and operational excellence. This partnership signifies a transformative moment in modernizing Federal Bank’s corporate banking services, focusing on delivering exceptional value to corporate and SME customers.
The implementation of this advanced transaction banking platform was achieved after an intensive 10-month collaboration, highlighting both organizations’ commitment to operational excellence and innovation.
Shalini Warrier, Executive Director at Federal Bank, stated that the partnership reinforces its commitment to providing customer-centric banking solutions. Vishnu R. Dusad, Managing Director at Nucleus Software, emphasised the focus on sustainable value creation and strategic growth through this collaboration.
Federal Bank, ranked among India’s top private banks, has a strong presence with over 1,500 branches and 2,000 ATMs nationwide. It boasts a ₹4.99 lakh crore business mix and a 15.2% Capital Adequacy Ratio as of September 2024.
Nucleus Software, listed on NSE and BSE, specialises in lending and transaction banking products, serving 200+ financial institutions globally. Its flagship products—FinnOne Neo® and FinnAxia—leverage AI to empower financial institutions.
At 11:59 AM on January 2, 2025, Nucleus Software Exports’ share price rose by 1.65% on the NSE, reflecting positive market sentiment following this announcement.
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Published on: Jan 2, 2025, 2:29 PM IST
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