Case Study: Africa's leading financial services organization achieves 33x payments growth and streamlined corporate cash management with Nucleus Software's FinnAxia

Africa's Leading Financial Services Organization - Customer Case Study

Africa's Leading Financial Services Organization, a bank established in 1989 with a presence in 20 African countries, 170 branches and USD 5 billion in assets, needed to strengthen its cash management and corporate transaction banking. The bank wanted a centralized, flexible, cost‑efficient and scalable solution to consolidate its core banking and in‑house corporate internet banking capabilities and improve payments, collections visibility and liquidity control. After evaluation, it selected Nucleus Software’s FinnAxia Business Internet Banking.

Nucleus Software implemented FinnAxia to integrate multiple back‑end systems into a single front end, enable straight‑through processing with exception handling, and deliver MIS and cash management tools for corporate clients. The solution supported NIPS instant payments, Direct Debit Instruction mandates and NUBAN compliance, processed $59 million in transactions in six months ($4.4 million monthly receivables), drove a 70% increase in receivables and a 33× growth in payments volume over six months, and improved turnaround, settlement and corporate cash visibility.