Stanbic IBTC Bank Upgrades Transaction Banking with FinnAxia® 9.0 to Enhance Client Services

Stanbic IBTC Bank Boosts Transaction Banking Efficiency with New Upgrade

Stanbic IBTC Bank, a key member of the Standard Bank Group, has made a significant leap in enhancing its transaction banking capabilities by successfully upgrading to version 9.0 of FinnAxia®, a renowned platform from Nucleus Software. This upgrade is seen as a pivotal moment in their long-standing partnership, further solidifying their commitment to innovating in transactional banking services.

With over ten years of collaboration between Stanbic IBTC Bank and Nucleus Software, this upgrade is aimed at improving transaction service offerings, specifically tailored for their professional and institutional clientele. As the demands of their clients continue to evolve, the need for seamless, real-time, and digital banking services has never been more critical. Both companies are leveraging cutting-edge technology to enhance service delivery, operational efficiency, and support business growth in a competitive environment.

The transition to FinnAxia® version 9.0 is an enhancement of Stanbic IBTC Bank’s transaction banking platform. This upgrade equips the bank with integrated solutions for payments, collections, liquidity management, and treasury management. The result is a more agile operational capacity, increased automation, and improved connectivity. Customers will benefit from enriched digital experiences and a scalable foundation for future growth and innovation.

Across Africa, transaction banking is entering a transformative phase, with more businesses seeking real-time payment solutions, e-commerce services, intelligent liquidity management, and connected banking experiences. Financial institutions are significantly investing in modern technological platforms that enable rapid innovation while ensuring resilience, security, and customer-centric service. The adoption of FinnAxia® 9.0 aligns with Stanbic IBTC Bank’s overarching strategy to utilize technology as a catalyst for creating value and maintaining high operational excellence standards.

Eric Fajemisin, Executive Director of Corporate and Transaction Banking at Stanbic IBTC Bank, commented on this milestone, stating, "Our relationship with Nucleus Software has matured over the past decade, marking our commitment to continually enhance the solutions and services we offer our clients. As transactional banking evolves, we remain focused on investing in capabilities that enable businesses to operate with speed, visibility, and confidence. The upgrade to FinnAxia® 9.0 boosts our transaction banking services platform, reinforcing our ability to deliver innovative, efficient, client-focused solutions in a rapidly changing environment."

Jesuseun Fatoyinbo, Head of Transaction Banking at Stanbic IBTC Bank, also emphasized the importance of this enhancement. "Today, transaction banking is about providing clients with seamless, intelligent experiences tailored to their needs. This upgrade significantly enhances our ability to simplify the client journey, improve operational efficiency, and deploy new features rapidly. It reflects our unwavering commitment to providing our clients with solutions that adapt alongside their needs and growth ambitions."

Parag Bhise, CEO of Nucleus Software, expressed his views on this important partnership, noting, "We value our long-standing relationship with Stanbic IBTC Bank and are excited to support the bank’s endeavors to strengthen its transaction banking capabilities. FinnAxia® 9.0 is designed to help financial institutions meet the ever-evolving expectations of their clients through heightened automation, connectivity, and operational efficiency."

The upgrade to FinnAxia® version 9.0 marks a significant milestone in the ongoing collaboration between Stanbic IBTC Bank and Nucleus Software, aimed at enhancing transaction banking capabilities and delivering innovative solutions that meet the evolving needs of businesses. By integrating Stanbic IBTC Bank's customer-centric approach with Nucleus Software's technological expertise, this partnership continues to drive greater efficiency, agility, and value for business and institutional clients alike.

With ongoing investments in technology, innovation, and service excellence, Stanbic IBTC Bank remains dedicated to delivering client-centered transaction banking solutions that empower businesses to manage their liquidity efficiently, optimize operations, and confidently navigate an increasingly connected digital economy. Nucleus Software remains committed to supporting financial institutions by providing advanced technology solutions that facilitate their digital transformation and foster sustainable growth.

About Nucleus Software

Nucleus Software Exports Ltd. is a publicly traded company (BSE: 531209) (NSE: NUCLEUS), providing software solutions for lending and transaction banking services to global financial leaders. Nucleus Software delivers innovative fintech solutions to over 200 banks and financial institutions across 50 countries, managing more than $15 trillion in annual transactions. Our flagship products, FinnOne Neo® and FinnAxia®, are underpinned by over four decades of expertise in the BFSI sector, enabling financial institutions worldwide to achieve their digital transformation goals.