BRAC Bank and Nucleus Software won the IBS Intelligence Global FinTech Innovation Award 2022 for deployment of Supply Chain Finance solution for Small and Medium Enterprises (SMEs), says a press release.The implementation of FinnAxia, a transaction banking and supply chain finance solution from Nucleus Software Exports Ltd. of India, at the BRAC Bank enabled the bank to win the Award. Nucleus Software on Thursday announced winning the ‘Best Implemen-tation in Transaction Banking’ Award by IBS Intelligence Global FinTech Innovation Awards 2022, for an Innovative transaction banking solution implementation.The award recognised the rapid implementation of the Nucleus Software’s supply chain financing solution from their Transaction Banking Suite FinnAxia, at BRAC Bank, designed to support the bank’s strategy of venturing into the supply chain financing market to provide seamless solutions. As a result of the solution’s sophisticated end-to-end digital capabilities, BRAC Bank can onboard customers faster and service in 4 minutes and 52 seconds, enabling quicker customer activation.
