Nucleus Software launches FinnAxia 2.0

Nucleus Software, a provider of lending and transaction banking solutions to the global financial services industry, announced the launch of FinnAxia 2.0, the latest version of its next-generation transaction banking product suite.The new product suite includes extended compliance with global and regional regulations and payment standards, increased capabilities for ‘payments on behalf of’ (POBO) and additional features to support bank customers running corporate shared service centres (SSCs) and outsourced receivables management.

In addition to delivering faster, more standardized payments and improving a corporate’s cash flow, the solution will help banks through faster settlement and an increase in the efficiency of back-office processes, the company said.