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Nucleus Software gains on launching latest version of transaction banking solution

Nucleus Software Exports is currently trading at Rs. 419.55, up by 6.85 points or 1.66% from its previous closing of Rs. 412.70 on the BSE.

The scrip opened at Rs. 421.55 and has touched a high and low of Rs. 424.45 and Rs. 419.20 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 602.40 on 01-Dec-2017 and a 52 week low of Rs. 237.55 on 23-Mar-2017.

Last one week high and low of the scrip stood at Rs. 439.15 and Rs. 402.70 respectively. The current market cap of the company is Rs. 1,218.40 crore.

The promoters holding in the company stood at 67.59%, while Institutions and Non-Institutions held 10.46% and 21.95% respectively.

Nucleus Software Exports has launched the latest version of its transaction banking solution called FinnAxia 5.0 and introduces Trade Finance portal.

FinnAxia 5.0 includes a newly launched Trade Finance Portal and which would help corporate customers with a single, global view of their trade finance business. This will reduce the risk of fraud and will also enable the bank to make faster and more efficient financing decisions. FinnAxia 5.0 also comes with comprehensive cash management features to ensure working capital optimization for the bank's corporate customers. The solution also allows the corporates to define their own liquidity structures and visualize the prospective outcomes graphically.

With a constant emphasis on ensuring compliance to regulations, the new release of FinnAxia comes with the International Transaction and External Position System (ITEPS) to achieve payments compliance in the Malaysian market and also offers India-based NPCI compliant Direct Debit Mandate capabilities via both physical and electronic forms.

With FinnAxia 5.0, corporate banks can capture new business opportunities, enable working capital management for their corporate customers and ensure compliance with new regulations in the transaction banking space.

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