Nucleus Software Exports announced the launch of FinnOne Neo, a product suite built to manage the leading requirements of the banking and financial services industry.

Vishnu R Dusad, chief executive officer, Nucleus Software said, "It is evident that the era of universal banking is coming to an end. Banks today choose best of breed technology solutions that can integrate with their IT landscape. Based on our deep understanding of the domain, FinnOne Neo has been designed to be highly responsive to changing business demands. We believe that this product will usher in a new paradigm in lending for the global banking and financial services sector."

Shares of the company gained Rs 0.85, or 0.41%, to trade at Rs 210.50 at the BSE (12.35 p.m., Thursday).