New Delhi, March 06 , 2015: Leading India-based global provider of mission critical lending and transaction banking products, Nucleus Software Exports, has announced a collaboration with open source solutions leader Red Hat. This enables , Nucleus offer banks and finance companies significant speed and cost benefits through a wider choice of technology platforms on which to run its market leading software.
Nucleus Software’s products power the lending and transaction banking operations of more than 150 companies across 50 countries. The collaboration between Nucleus Software and Red Hat will provide scalable, proven and cost-effective solutions to help them achieve that.
Says Avnish Datt, Head of Global Strategy at Nucleus Software:: "Banking and financial institutions worldwide face increasing competition and compliance along with changing customer demands. Nucleus Software’s solutions help them launch innovative finance products, deliver greater customer value, comply with regulations and respond to market change. Our collaboration with Red Hat allows us to provide our customers across the globe with the potential for even greater business value through a faster, more cost effective technology platform.”
Adds Jagjit Singh Arora, Director of Regional Sales at Red Hat India: “We are pleased that Nucleus Software has found cost-savings and value in Red Hat JBoss Enterprise Application Platform (EAP). India has a large Java developer community and we are grateful for the increased opportunities within the banking and financing sectors. We plan to work to further streamline our offerings so our partners and customers can enjoy accelerated deployment of applications and get to the market faster.”
This collaboration has already delivered value to the market. A leading global bank with more than 4,000 branches worldwide is currently benefiting from reduced infrastructure procurement and maintenance costs thanks to the combination delivered by Nucleus Software and Red Hat.