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SINGAPORE, Nov. 25, 2024 /PRNewswire/ -- The burgeoning partnership between India and Singapore in banking and technology marks a new milestone as Nucleus Software showcases 30 years of transformative innovation at Synapse 2024 in Singapore. The event highlighted the company's key role in reshaping financial services in Southeast Asia (SEA) and globally, and brought together leaders from the financial and technology sectors to discuss a shared vision for the future of banking.
Mr. Vishnu R. Dusad, Co-Founder & Managing Director at Nucleus Software with other key dignitaries at Synapse2024.
Synapse 2024 recognizes Nucleus Software's 30 years of leadership in driving transformation in the financial ecosystem in Singapore and Southeast Asia. The event also spotlights the Global Finance & Technology Network (GFTN), supported by the Monetary Authority of Singapore (MAS), which is committed to promoting responsible technology adoption. The event highlighted the deepening synergy between India and Singapore, which share a commitment to innovation, cross-border collaboration and financial inclusion. As the financial services industry rapidly evolves with advances in artificial intelligence, blockchain and digital banking, this partnership is laying the foundation for a more connected, resilient and inclusive global ecosystem.
Commenting on the milestone, Vishnu R. Dusad , Co-founder and Managing Director of Nucleus Software, said, " Over the past three decades, Singapore has emerged as a global financial powerhouse, and we have been fortunate to be part of that journey. Back in 1994 , we chose to go east rather than west, a bold and emotional decision based on our belief in Singapore as a hub for innovation and collaboration. Everything we saw then remains true today: Singapore is at the heart of the global financial landscape, a place where new ideas germinate and partnerships flourish. "
The event brought together a distinguished group of participants, highlighting the transformative potential of the India-Singapore partnership. In his opening remarks, Mr. Piyush Gupta, CEO of DBS Group and guest of honour at the event, highlighted the transformative role that big tech companies are playing in reimagining scalable and customer-centric financial services in the digital age.
Following his speech, several keynote speakers also shared their insights. Mr. Sopnendu Mohanty, Chief Fintech Officer of the Monetary Authority of Singapore and incoming Group CEO of the Global Finance & Technology Network (GFTN), stressed the importance of promoting responsible technology applications and building an inclusive financial ecosystem. Mr. Vinod Rai, a world-renowned public policy expert, Distinguished Visiting Fellow at the National University of Singapore and former Comptroller and Auditor General of India, shared his insights on financial system governance and policy frameworks. Mr. SM Acharya, Chairman of Nucleus Software and former Indian Defense Minister, looked ahead to the prospects of using technology to modernize and secure the banking framework. 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 impact on the financial industry.
The event showcased the transformative role of technology in the global financial system, highlighting innovations that set the bar in scalability and inclusion. Panelists discussed the importance of localized solutions, challenges of cross-border integration, and strategies to optimize capital and promote public participation through dual business models. The conversation highlighted the common standards, unified frameworks (such as APIs), and collaborative efforts needed to accelerate financial inclusion and promote global connectivity in the digital era.
For 30 years, Nucleus Software has been delivering advanced lending and banking solutions to support the evolving needs of financial institutions in Singapore and Southeast Asia. Driven by lean development methodologies such as Acceptance Test Driven Development (ATDD) and Continuous Integration/Continuous Delivery (CICD), Nucleus Software continues to push the boundaries of efficient, flexible and secure fintech.
