Stanbic IBTC Bank Advances Transaction Banking Capabilities Through Nucleus Software's FinnAxia® 9.0 Upgrade
Noida, India | August 12, 2026 - Stanbic IBTC Bank, a member of Standard Bank Group, and Nucleus Software, a provider of lending and transaction banking solutions, have successfully advanced to the FinnAxia® 9.0 upgrade. This advancement marks a significant milestone in the long-standing collaboration between the two organizations, aimed at driving innovation within transaction banking.The transition to FinnAxia® 9.0 enhances Stanbic IBTC Bank's transaction banking platform. The upgraded capabilities strengthen the bank's ability to deliver integrated solutions for payments, collections, liquidity management, and cash management. The advancement is designed to support greater operational agility, improve connectivity and automation, enhance digital experiences for customers, and provide a scalable foundation for future growth.
The milestone reflects over a decade of collaboration between the institutions in strengthening transaction banking capabilities and delivering enhanced value to corporate and institutional clients. As business demands increasingly require seamless, real-time, and digitally enabled services, both Stanbic IBTC Bank and Nucleus Software are focused on leveraging technology to improve service delivery and support business growth.
Across Africa, financial institutions are investing heavily in modern technology platforms as transaction banking evolves toward real-time payments, digital trade services, intelligent liquidity management, and connected banking experiences. The adoption of FinnAxia® 9.0 aligns with Stanbic IBTC Bank's strategy to leverage technology for client value creation and maintaining operational excellence.
Executive Commentary on the Partnership
Commenting on this development, Eric Fajemisin, Executive Director, Corporate and Transaction Banking at Stanbic IBTC Bank, stated that their relationship with Nucleus Software spans a decade. He noted that they remain committed to investing in capabilities that allow businesses to operate with greater speed, visibility, and confidence, emphasizing that the advancement strengthens their ability to deliver innovative and efficient solutions in a rapidly changing environment.Jesuseun Fatoyinbo, Head of Transaction Banking at Stanbic IBTC Bank, highlighted that modern transaction banking requires delivering intelligent, seamless, and responsive customer experiences. He added that this enhancement supports the bank's commitment to simplifying customer journeys and rapidly introducing new capabilities aligned with clients’ growth ambitions.
Parag Bhise, Chief Executive Officer and Executive Director of Nucleus Software, expressed pleasure at supporting the Bank’s ongoing efforts to enhance its transaction banking capabilities. Mr. Bhise noted that FinnAxia® 9.0 is designed to help financial institutions respond to evolving customer expectations through improved automation, connectivity, and operational efficiency.
The advancement represents a continuation of the partnership between Stanbic IBTC Bank and Nucleus Software, combining the bank’s customer-centric approach with Nucleus Software’s technology expertise to drive greater efficiency and value for corporate and institutional clientele.
About Nucleus Software Exports Limited
Nucleus Software is a publicly traded software company providing lending and transaction banking products to global financial leaders. The firm offers disruptive Fintech Solutions to over 200 banks and financial institutions across more than 50 countries, supporting various functions including Retail Lending, Corporate & SME Finance, Islamic Finance, Cash Management, and Transaction Banking.The globally integrated transaction banking platform utilized by the company manages over $15 trillion in yearly transactions, processing millions of transactions daily. Its lending platform handles a value exceeding $1.2 trillion, supporting more than 500,000 users daily. Nucleus Software’s flagship product, FinnAxia®, is an integrated global transaction banking suite that helps financial institutions manage cash management, trade finance, and liquidity management on a single platform.
NUCLEUS Stock Price Movement
Shares of Nucleus Software Exports Limited settled lower today, shedding 0.67% in post-market trading as investors reacted to market pressures. The steep fall saw the equity plunge to its 52-week low, driven by a total traded volume of 29,550 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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