Nucleus Software management discussed how new account aggregator/UPI data regulations could speed up loan approvals and benefit its lending software business, and said Q2 has improved versus a weak Q1

Thu 8 Oct 2026

Heard on business television between 13:48:02 - 13:51:02 IST.

• Management said UPI transaction data being made available to lenders via account aggregators would greatly improve ability to assess borrower creditworthiness, especially for micro and small enterprises lacking formal books of accounts.
• Said faster loan approvals would result since banks would no longer need to collect physical documents, instead consuming account aggregator data.
• Said their lending software Finone Neo would help banks use this data, expanding the market for banks and for Nucleus Software.
• On Q2 performance, management declined to give numbers ahead of the board meeting at month-end but said qualitatively that things have certainly improved after a weak Q1.
• Analyst (unnamed house, neutral on IT sector) said no active recommendation on the stock, expects IT sector traction to improve in 1-2 quarters, and said Nucleus Software's recurring revenue push via Finone and Finaxia could see more traction in FY28.

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