Nuclei is collaborating with Infosys Finacle, part of EdgeVerve Systems, to leverage each other’s unique strengths and co-innovate for banks.
Online PR News – 17-September-2022 – Bangalore – B2B SaaS startup Nuclei, a digital engagement solution for banks, today 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
As part of this approach, Nuclei is also collaborating with Infosys Finacle, part of EdgeVerve Systems, a
wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), to leverage each other’s unique 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.”
Incorporated in India, Nuclei is a B2B SaaS startup which is bootstrapped and profitable. Its mission is to
inject Consumer Tech DNA into banks. Nuclei believes banks lead with trust, but exponential growth is
accruing to fintechs. Nuclei’s solution enables Banks to protect their lead by competing with new-age
fintechs. Nuclei has developed multiple product offerings
- Merchant Marketplace - Helps clients become a Super-app and enable their customers to book travel,
order food & grocery, pay bills, etc. directly from their mobile app. It also provides a self-onboarding
platform for merchants to access the power of distribution through banks.
- Subscription Management - Enables clients to bundle their services with various third-party
products/services and offer them as a subscription product to their customers. For e.gs. Bundle together
banking services with Netflix, Amazon Prime, Spotify, or E-commerce subscriptions, and deliver a cross
vertical subscription product.
- SaaS Marketplace - Powers discovery, purchase and management of business softwares/SaaS like
Google, Microsoft, Salesforce, Norton, etc. Customers can avail attractive benefits and realise cost
savings when these purchases are made via the bank’s digital platform.
- Embedded Card Stack product - Provides pre-build user journeys to manage and control your Payment
Nuclei is currently operating with over 18 banks across multiple countries, including the likes of RAK
Bank, DBS Bank, State Bank of India, ICICI Bank, etc.