eNews
Nucleus Software outlines AI-led banking vision, launches FinnOne Neo 8.5
NOIDA: Nucleus Software reinforced India’s credentials as a fintech powerhouse at Nucleus for India | Synapse 2025, bringing together senior leaders from banks, fintech firms, NBFCs, financial institutions and the wider technology ecosystem in Mumbai.
The forum examined how artificial intelligence is fast becoming the defining operating layer of modern financial institutions, reshaping decision-making, risk intelligence, customer experience and digital growth. The event also marked a key milestone for the company with the global release of FinnOne Neo GA 8.5, the latest version of its flagship digital lending platform.
Proceedings opened with a forward-looking discussion on technologies expected to shape competitive advantage through 2026 and beyond. A keynote address by Lt gen (retd.) Sanjay Kulkarni added a distinctive edge, drawing parallels between leadership in high-stakes environments and steering organisations through rapid technological disruption.
Co-founder and managing director Vishnu R Dusad, said India was actively shaping global fintech innovation, supported by one of the world’s strongest digital public infrastructures. He argued that institutions combining technology with purpose, responsibility and trust would define the next decade of banking.
A centrepiece of Synapse 2025 was the unveiling of FinnOne Neo GA 8.5, positioned as a future-ready digital lending platform. The release strengthens compliance readiness, accelerates digital onboarding and credit decisioning, and improves scalability across markets. Enhancements span performance, security, automation and ecosystem integration, supporting institutions operating across India, South-east Asia, the Middle East and Australia.
The leadership dialogue, What will winning institutions look like in 2030?, moderated by ceo and executive director Parag Bhise explored how AI is set to become the enterprise fabric guiding credit, risk, fraud prevention, operations and customer engagement. Panellists agreed that early investment in data, governance and intelligent automation would deliver disproportionate advantage, while slower adoption risks widening competitive gaps.
Bhise said Synapse 2025 was designed to help leaders reimagine the future of finance, adding that FinnOne Neo GA 8.5 underlined Nucleus Software’s commitment to building intelligent, resilient and agile platforms for an AI-first world.
The conclave underscored the company’s focus on developing secure, scalable and globally ready banking technology as India advances towards becoming a trusted AI-enabled financial ecosystem.
eNews
PNB partners Kiwi to launch credit-enabled UPI for users
Targets 180 million customers; RuPay card offers 0.5 per cent to 1.5 per cent cashback
MUMBAI: Swipe, tap, or scan credit is quietly slipping into the rhythm of everyday payments, and Punjab National Bank wants in on the action. The state-run lender has partnered with Kiwi to roll out credit-enabled UPI payments for its 180 million customers, marking a significant push to blend traditional banking with India’s fast-evolving digital payments ecosystem.
At the centre of the collaboration is the launch of the PNB Kiwi Credit Card on the RuPay network. The card is designed with a digital-first approach, offering fully online onboarding and seamless integration with UPI, allowing users to transact via scan-and-pay while accessing credit.
The offering also brings in a rewards layer, with cashback ranging from 0.5 per cent to 1.5 per cent on online transactions, positioning the product as both a convenience play and a spending incentive.
The move comes as UPI continues to dominate India’s digital payments landscape, increasingly blurring the lines between debit-led transactions and credit access. For PNB, which operates over 10,000 branches around 60 per cent in semi-urban and rural areas, the partnership signals a targeted effort to extend formal credit to segments that have traditionally remained underserved.
The collaboration also reflects a broader industry shift, where banks and fintech platforms are converging to embed credit directly into payment flows, reducing friction while expanding access.
With RuPay credit cards gaining traction and UPI evolving beyond peer-to-peer transfers, the PNB–Kiwi tie-up positions both players at the intersection of scale, accessibility, and the next phase of digital finance in India.
