Federal Bank, Nucleus Software launch FedOne™ for corporate banking

By Gloria Methri

Federal Bank, a private sector bank in India, has launched FedOne™, a new transaction banking platform to enhance its digital transformation.  The implementation, completed after a 10-month collaboration with Nucleus Software, aims to modernise the bank’s corporate banking services.

By implementing this transaction banking platform, Federal Bank is looking to capitalise on emerging business opportunities while providing innovative financial solutions to its clients.

Key highlights of the implementation include:

• Streamlined Processes: Federal Bank is adopting new operational methodologies to enhance efficiency, ensuring faster turnaround times and superior service delivery to its clients.
• Advanced Technology Platform: The platform transforms corporate customers’ treasury functions into dynamic, mature, and profitable operations, addressing their working capital management needs with comprehensive end-to-end support.
• Commitment to Customer Delight: The implementation exemplifies Federal Bank’s dedication to innovation in corporate banking, enhancing the overall customer experience and fostering sustainable growth.

“At Federal Bank, we recognise that the future of banking is digital and customer-centric. The successful implementation of FedOne™, developed in collaboration with Nucleus Software’s FinnAxia®, not only strengthens our corporate banking capabilities but also reinforces our commitment to delivering hyper-personalised solutions that meet the evolving needs of our clients. This strategic move empowers us to enhance operational efficiency while positioning the Bank as a frontrunner in the competitive landscape,” said Shalini Warrier, Executive Director of Federal Bank.

“As we partner with Federal Bank in this critical transformation, we are focused on leveraging FinnAxia® to drive strategic growth and innovation. This collaboration extends beyond technology; it’s about creating sustainable value and enhancing the customer experience. Together, we aim to redefine what’s possible in corporate banking by delivering agile, responsive solutions that meet the dynamic needs of the market,”  said Vishnu R. Dusad, Managing Director & Co-founder of Nucleus Software.