Nucleus Software, the leading provider of lending and transaction banking products to the global financial services industry, has appointed Mr. Parag Bhise as the Chief Executive Officer. He succeeds the outgoing CEO, Mr. RP Singh, who retired after a career spanning 35 years with Nucleus Software. The appointment is effective from first of April 2021.

“I am very happy to pass on the baton to Parag Bhise, who will continue to lead from the front and ensure that Nucleus continues to be an asset to the global financial industry leaders by providing technologically superior products that address any and all lending and transaction banking needs of clients. His invaluable contribution as the head of delivery during my tenure ensured that we were recognized and much feted by our customers. Our product innovations and deployments have won us many laurels and it is a pleasure to leave the company in such capable hands”, says Mr. RP Singh, Outgoing CEO, Nucleus Software.

Mr. Parag Bhise has been a transformational leader for Nucleus Software and has played a key role in developing and growing Nucleus businesses in India and abroad. His experience in developing business and leading product engineering teams have stood out during his three-decade career with the company. He will lead the Nucleus 2.0 vision of continuous improvement in products and solutions. He has a Master’s Degree in Computer Applications from BIT Mesra, MBA from the Management Development Institute – Gurgaon and has done courses from MIT in Innovation & Technology.

“Parag Bhise has been an effective change manager at Nucleus Software for over 31 years now. He embodies our promise of providing tech superiority, product innovation and continuity to our customers, most of them being the who’s who of the industry. In fact, our first product order for lending in 1992 in Indonesia was delivered by Parag.In addition, he was instrumental in developing from scratch one of the most significant Nucleus partnerships globally in the most demanding and quality conscious market, Japan. I along with our team at Nucleus look forward to an exciting journey ahead”, says Mr. Vishnu R Dusad, Managing Director, Nucleus Software.

Nucleus Software witnessed the beginning of the new era under the mentorship of Mr. R P Singh who was instrumental in spearheading the launch of cutting edge products. The company powers the operations of more than 200 Financial Institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas. Its products facilitate more than 26 million transactions each day, managing over US $ 200 billion of loans and enabling more than 200,000 users logging in daily.