Nucleus Software announced that Stanbic IBTC Bank, a member of Standard Bank Group, has advanced its transaction banking infrastructure to FinnAxia® 9.0. This upgrade enhances the bank's ability to deliver integrated payments, collections, liquidity management, and cash management solutions, addressing the growing demand for real-time and digitally enabled banking services across Africa.

The advancement was disclosed under Regulation 30(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing confirms the successful implementation of the software upgrade, which supports greater operational agility, improved automation, and enhanced connectivity for Stanbic IBTC Bank's corporate and institutional clients.

Partnership Milestone

The transition to FinnAxia® 9.0 reflects more than a decade of collaboration between Stanbic IBTC Bank and Nucleus Software. Eric Fajemisin, Executive Director of Corporate and Transaction Banking at Stanbic IBTC Bank, stated that the relationship forms part of the bank's broader commitment to strengthening solutions for clients. He noted that the upgrade enhances their ability to deliver innovative and efficient solutions in a rapidly changing environment.

Jesuseun Fatoyinbo, Head of Transaction Banking at Stanbic IBTC Bank, emphasized that the enhancement simplifies customer journeys and improves operational efficiency. He added that the update allows the bank to introduce new capabilities more rapidly, aligning with client growth ambitions.

Strategic Context

Across Africa, transaction banking is undergoing transformation as businesses seek real-time payments, digital trade services, and intelligent liquidity management. Financial institutions are investing in modern technology platforms to enable faster innovation while maintaining security and resilience. The adoption of FinnAxia® 9.0 aligns with Stanbic IBTC Bank's strategy to leverage technology for client value creation and operational excellence.

Parag Bhise, Chief Executive Officer and Executive Director at Nucleus Software, highlighted that FinnAxia® 9.0 is designed to help financial institutions respond to evolving customer expectations through improved automation and connectivity. He expressed appreciation for the long-standing relationship with Stanbic IBTC Bank.

Platform Scale and Reach

Nucleus Software's globally integrated transaction banking platform underpins the scale of the technology now being leveraged by Stanbic IBTC Bank. Key operational metrics of the platform are outlined below:

This scale underscores the robustness of the technology stack now being leveraged by Stanbic IBTC Bank to enhance its own transaction banking offerings.

Nucleus Software and FPT Corporation launched FinnOne Neo 9.0 and FinnAxia 9.0 at the inaugural Nucleus Synapse event in Vietnam on August 06, 2026. The dual-platform release targets AI-powered lending and connected transaction banking, reinforcing the company’s strategic focus on Southeast Asia, where Vietnam is its largest market. The launch coincides with the establishment of a wholly owned local entity, formalizing delivery capabilities in Hanoi.

Product Launches at Nucleus Synapse

The event, themed "AI in Lending: From Potential to Performance in Vietnam," gathered more than 100 CXOs and senior leaders from the banking and financial services ecosystem. It served as the platform for introducing updated versions of Nucleus Software’s core financial technology offerings.

Key Product Capabilities

FinnOne Neo 9.0, the digital lending platform, embeds intelligence across customer acquisition, credit decisioning, loan servicing, and collections. Key enhancements include:

• AI-based credit decisioning for faster assessments.
• Pre-delinquency prediction to identify repayment risks early.
• Enhanced support for SME Loans, Finance Against Securities, and Omni Loans.
• Configurable policy controls and logic-based committee decisioning.
• Resilient collections operations with mobile-enabled activities and concurrent-access alerts.

FinnAxia 9.0, the transaction banking solution, aims to modernize corporate banking through:

• API-led connectivity for accelerated innovation.
• Intelligent automation for operational efficiency.
• Improved payments, collections, liquidity, and cash-management capabilities.
• Connected digital journeys for better customer experiences.

Strategic Expansion in Vietnam

Vietnam represents Nucleus Software’s largest market in Southeast Asia, with existing customers including MB Bank and Vietcombank. To deepen its engagement, the company incorporated Nucleus Software Vietnam Company Limited in February 2026, establishing an office in Hanoi. This wholly owned entity enables local hiring, contracting, and compliance with Vietnamese procurement frameworks.

Vishnu R. Dusad, Co-Founder and Managing Director of Nucleus Software, stated that the launch and local presence reflect a commitment to helping financial institutions convert AI into trusted business outcomes. Nguyễn Hoàng Minh, CEO of FPT IS, emphasized the collaboration’s role in supporting Vietnam’s targeted double-digit growth from 2026–2030 through secure and efficient banking transactions.

What the Numbers Show

The simultaneous launch of two major platforms alongside the formation of a local subsidiary signals a shift from product-only sales to integrated, locally supported solutions. By embedding AI capabilities directly into lending and transaction banking workflows, Nucleus Software positions itself to capture value from Vietnam’s banking digitalization drive, leveraging FPT’s three decades of local experience to navigate regulatory and operational complexities.