Stanbic IBTC Upgrades Transaction Banking Platform With FinnAxia 9.0
Stanbic IBTC Bank has teamed up with Nucleus Software to upgrade its transaction banking platform to FinnAxia® 9.0. This move marks an important step forward in the two companies’ shared push to modernize how businesses handle their banking needs.
The upgrade strengthens Stanbic IBTC Bank’s transaction banking platform in several key areas. It boosts the bank’s ability to deliver integrated payments, collections, liquidity management, and cash management solutions. The new system also supports greater flexibility across daily operations, improves automation, and strengthens connectivity between systems. On top of that, it enhances the digital experience for customers and builds a scalable foundation for future growth.
Stanbic IBTC Strengthens Transaction Banking Capabilities
This development builds on more than ten years of partnership between Stanbic IBTC Bank and Nucleus Software. Customer expectations keep changing, and businesses now expect seamless, real-time, digitally enabled banking services. Both organizations are using technology to improve service delivery, boost operational efficiency, and support business growth.
Businesses across Africa increasingly want real-time payments, digital trade services, liquidity management, and connected banking experiences. As a result, financial institutions are investing heavily in technology platforms. These platforms must support faster innovation while still maintaining strong operational resilience, tight security, and customer-focused service.
How Technology Supports Changing Customer Needs
Eric Fajemisin, Executive Director of Corporate and Transaction Banking at Stanbic IBTC Bank, explained the significance of this milestone. “Our relationship with Nucleus Software has spanned a decade and forms part of our broader commitment to continuously strengthening the solutions and services we provide to clients,” he said. “As transaction banking continues to evolve, we remain focused on investing in capabilities that help businesses operate with greater speed, visibility and confidence.”
Fajemisin added that the shift to FinnAxia® 9.0 strengthens the bank’s transaction banking platform. It also improves the bank’s ability to deliver efficient, customer-focused solutions in a fast-changing environment.
Jesuseun Fatoyinbo, Head of Transaction Banking at Stanbic IBTC Bank, echoed this view. “Transaction banking today is about delivering intelligent, seamless and responsive experiences for customers,” Fatoyinbo said. He noted that the upgrade helps simplify customer journeys, improve operational efficiency, and roll out new features more quickly. The bank remains committed to offering solutions that grow alongside its clients’ needs.
FinnAxia 9.0 Supports Automation and Connectivity
Parag Bhise, Chief Executive Officer and Executive Director of Nucleus Software, shared his perspective on the partnership. “We value our long-standing relationship with Stanbic IBTC Bank and are pleased to support the Bank’s continued efforts to enhance its transaction banking capabilities,” Bhise said. He explained that FinnAxia® 9.0 was built to help financial institutions meet changing customer expectations through better automation, connectivity, and operational efficiency.
What This Means for the Future
Both companies describe this upgrade as the latest chapter in their long-running collaboration. Their shared goal remains the same: strengthen transaction banking capabilities and deliver solutions that keep pace with the evolving needs of businesses across Africa.
