Nucleus Software Exports Limited — Updates, 02-01-2025: Press Release

Federal Bank has advanced its digital transformation with the launch of FedOne™, powered by Nucleus Software's FinnAxia®. This partnership modernizes Federal Bank's corporate banking services, targeting exceptional value for corporate and SME clients. The implementation, completed after a 10-month collaboration, enhances operational efficiency and response time through the adoption of advanced technology, transforming treasury functions into dynamic and profitable operations. This strategic move positions Federal Bank as a leader in delivering innovative financial solutions, fostering sustainable growth and enhancing customer experiences. Both organizations emphasize their commitment to redefining corporate banking by delivering agile solutions that cater to market demands. Investors should view this partnership as a positive development, underscoring Federal Bank's commitment to leveraging technology for competitive advantage and growth.