Nuclei announces expansion of its industry collaboration

By Leandra Monteiro

B2B SaaS start-up Nuclei, a digital engagement solution for banks, announced the expansion of its industry collaboration to improve engagement and retention of customers on the bank’s digital channels. This is achieved by integrating third-party merchants and services into the bank’s digital ecosystem, thus adding a merchant marketplace to their existing platforms. Nuclei is currently working with 18+ banks globally.

As part of this approach, Nuclei is also collaborating with Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, to leverage each other’s strengths to co-innovate and accelerate innovation for banks.

Nuclei will help banks seamlessly integrate merchant services in banking applications, creating a super app for the bank’s customers. Nuclei’s digital marketplace currently has more than 15+ categories across multiple services. The platform additionally enables banks to earn subscription fees and revenue from merchants. The modular solution guarantees faster go-to-market for offerings, and 10x amount of feature updates than the industry average through its innovative use of technologies.

Venkataramana Gosavi, Senior Vice President & Global Head of Sales & Alliances, Infosys Finacle, said, “Over the years, the Finacle FinTech Connect program has helped us create an ecosystem that thrives on collaboration and delivers the latest banking innovations for our clients. A recent addition to the program, Nuclei’s digital platform is well placed to help banks engage deeply with customers through an extended set of lifestyle & business-related services. We are excited to collaborate with Nuclei and bring this offering to our clients.”

Ankur Joshi, Founder & CEO, Nuclei commented, “We are really excited to become part of the esteemed Finacle FinTech Connect program. Finacle FinTech Connect provided us an opportunity to co-innovate along with Finacle, the industry-leading digital banking solution suite. Going forward it will also help us in increasing our reach across the globe as a joint offering and opportunity to co-innovate continuously along with Finacle.”