Red Hat and Nucleus Software collaborate

Nucleus Software Exports in collaboration with Red Hat is aiming at significant speed and cost benefits through a wider choice of technology platforms on which to run its software.

Nucleus’s products power banking operations of more than 150 companies across 50 countries.  Avnish Datt, head of Global Strategy at Nucleus Software, said "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.”

The collaboration will help banks achieve easier access to data, increased efficiency, solution for multiple time zones resulting in improved data integrity, connectivity with multiple core banking systems and reduced turnaround time for customers.

Jagjit Singh Arora, director of Regional Sales at Red Hat India, added “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.”

The combined solution offered by Nucleus Software and Red Hat is anticipated to be rolled out in at least 10 countries.