SINGAPORE, Nov. 23,
2024 /PRNewswire/ -- The thriving India-Singapore partnership in banking and
technology reached a new milestone as Nucleus Software celebrated
30 years of transformative innovation at Synapse 2024, held in
Singapore. The event underscored
the company's role in redefining financial services across
Southeast Asia (SEA) and the
globe, bringing together leaders in finance and technology to
explore a shared vision for the future of banking.
Synapse 2024 celebrated 30 years of Nucleus Software's
leadership in driving transformative change across Singapore and Southeast Asia's financial ecosystem. The
event also shone a spotlight on the Global Finance & Technology
Network (GFTN), an initiative supported by the Monetary Authority
of Singapore (MAS) to champion
responsible technology adoption. The event highlighted the
deepening synergies between India
and Singapore, driven by their
shared commitment to innovation, cross-border collaboration, and
financial inclusion. As the financial services sector undergoes
rapid evolution with advancements in artificial intelligence,
blockchain, and digital banking, these partnerships are setting the
stage for a more connected, resilient, and inclusive global
ecosystem.
Vishnu R. Dusad, Co-founder and Managing Director of Nucleus
Software, reflected on the milestone: "For over 30
years, we've had the privilege of aligning our journey with
Singapore's ascent as a global
financial powerhouse. Back in 1994, when we chose to go East
instead of West, it was a bold and emotional decision—guided by our
belief in Singapore as a hub for
innovation and collaboration. We saw then what remains true today:
Singapore is at the heart of the
global financial landscape, a place where new ideas take root, and
partnerships thrive."
The event brought together a distinguished array of
participants, highlighting the transformative potential of
India-Singapore collaboration. Mr. Piyush Gupta, CEO of DBS Group and the Guest of
Honor, set the tone for the event with his opening remarks,
emphasizing the transformative role of big tech in reimagining
scalable, customer-centric financial services in the digital
age.
Following his address, key speakers enriched the discussions
with their insights. Mr. Sopnendu Mohanty, Chief Fintech Officer at
the Monetary Authority of Singapore and Group CEO-Designate of The
Global Finance & Technology Network (GFTN), underlined the
importance of fostering responsible technology adoption and
building inclusive financial ecosystems. Mr. Vinod Rai, globally respected public policy
expert, Distinguished Visiting Research Fellow at the National University of Singapore, and former
Comptroller and Auditor General of India, shared his perspectives on governance
and policy frameworks in financial systems. Mr. S.M. Acharya,
Chairman of Nucleus Software and former Defence Secretary of
India, offered a visionary outlook
on leveraging technology to modernize and secure banking
frameworks. Finally, Mr. Pieter
Franken, Co-founder and Director of GFTN (Japan), a global FinTech pioneer and deep tech
innovator, discussed the future of decentralized finance and its
implications for the financial sector.
The event showcased the transformative role of technology in
global financial systems, emphasizing innovations that set
benchmarks for scalability and inclusivity. Panelists discussed the
importance of localized solutions, the challenges of cross-border
integration, and leveraging dual business models to optimize
capital and foster public participation. The dialogue highlighted
the need for common standards, unified frameworks like APIs, and
collaborative efforts to accelerate financial inclusion and drive
global connectivity in the digital age.
For 30 years, Nucleus Software has consistently introduced
advanced lending and banking solutions that support financial
institutions' evolving needs in Singapore and South
East Asia. Driven by lean development methodologies like
Acceptance Test-Driven Development (ATDD) and Continuous
Integration/Continuous Delivery (CICD), Nucleus Software continues
to push boundaries in efficient, flexible, and secure financial
technology.
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Logo:
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