Nucleus Software Exports, a provider of integrated software products for banks and financial institutions, today announced its participation at Sibos 2015 to present its newly launched next-generation integrated transaction banking product, FinnAxia 2.0.

According to recent research by McKinsey, transaction banking in the Asia-Pacific region is expected to grow by 12% to USD 578 billion dollars in 2017 and will become the world's largest transaction banking market.

Designed using a unique combination of advanced technology and comprehensive functionality FinnAxia 2.0 delivers the business agility banks need to capitalize on the opportunities.

The solution offers increased capabilities for 'payments on behalf of' (P080) and additional features to support bank customers running corporate shared service centres (SSCs) and outsourced receivables management.

Shares of the company gained Rs 6.3, or 2.49%, to settle at Rs 259.50. The total volume of shares traded was 22,460 at the BSE (Wednesday).