Nucleus Software partners with Mahindra Finance to boost digital lending services

Partnerships
Coinbase forms global partnership with Block BitKey Wallet
The partnership includes a mobile app, hardware device, and recovery tools. Users can transfer Bitcoin from centralized exchanges to a secure Bitkey wallet. Additionally, Coinbase Pay will enable direct Bitcoin transfers from Coinbase to Bitkey. Read More>>
Nucleus Software partners with Mahindra Finance to boost digital lending services
They aim to automate the post-loan lifecycle of a non-banking financing company. The partnership leverages Nucleus Software’s flagship product, FinnOne NeoTM, to strengthen Mahindra Finance’s scalability and connect with partner ecosystems. Read More>>
Al Rajhi Malaysia partners with Neelofas Muslim lifestyle app TheNoor
The company aims to promote its shariah-compliant Islamic banking and Rize digital banking services. TheNoor’s 2.8 million users across 197 countries will be targeted through advertising and an exclusive landing page. Rize enables mobile banking without physical branch visits. Read More>>

Centre Setup and Expansion
Reserve Bank of India opens a new office in Kohima, Nagaland
The Reserve Bank of India opens a sub-office in Kohima, Nagaland. The office includes departments such as Financial Inclusion, Consumer Education, Market Intelligence, and Human Resource Management. Currency management for Nagaland remains under the Guwahati office. Read More>>

Merger and Acquisition
Backbase acquires Nucoro to revolutionize digital investment services
The integration of Nucoro’s headless platform will enable Backbase to offer digital investment services like robo-advisory and trading. Backbase’s engagement banking platform focuses on customer-centric digital transformation in the banking sector. Read More>>

Executive Movements
Carlyle names insider John Redett as finance chief
Redett, a company veteran, currently leads Carlyle’s global financial services and has previous experience with Goldman Sachs and JPMorgan. Redett will also assume the role of head of corporate strategy. Read More>>
DBS Bank India appoints Rajat Verma as MD, Head of Institutional Banking
He previously served as MD and Country Head of Commercial Banking at HSBC Bank. In his new role, Verma will lead the growth of DBS Bank’s institutional banking franchise in India. Read More>>

Product Launch
Axis Bank launches a one-view feature on a mobile app using an account aggregator ecosystem
It will allow customers to access and manage multiple bank accounts on a single platform. The feature provides real-time tracking of balances and transactions, simplifying financial management. Customers can also link their non-Axis Bank accounts. Read More>>
MoneyGram launches crypto service to buy, sell, and hold cryptocurrency via the TechPope app
This service expands MoneyGram’s consumer financial services and meets the rising demand for digital currencies. Read More>>

Secured AI Services

• Intuit intends to enable AI service that helps small and mid-business customer with secured infrastructure and enhance customer experience.       
• Through the integration of AI technology, Intuit allows businesses to access the full suite of applications like inventory management, point-of-sale applications, eCommerce, and analytics functions to increase sales and reduces operational costs.      
• Intuit offers an online AI accounting service to deliver ease and efficient accounting & bookkeeping functions.

Automation Tools Enhancement

• Intuit aims to offer products to automate business functions and expand operations to meet customer demands.        
• By leveraging automation tools, Intuit allows businesses with online marketing to manage customer relationships and strengthen their market position.      
• The company automates the eSignature platform and provides remote working solutions to process customer invoicing with a digital signature.

Digital Banking Solutions

• Intuit provides digital financial solutions using AI and cloud technologies that keep online banking operations in a secure and safe cloud infrastructure. The company leverages AI tools to offer small & mid-business customers financial management, payment solutions, and real-time money management with cloud-based solutions.  
• Service providers with rich expertise in Digital Banking Solutions would be the deal winners.

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Start-up Spotlight 

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