Nuclei to offer its merchant services on Oracle’s digital banking platform

By Leandra Monteiro

Nuclei, a B2B SaaS startup, announced a collaboration with Oracle to embed its SaaS and merchant marketplace program on Oracle’s digital banking platform.

Nuclei’s service availability on the Oracle platform is aimed at increasing the engagement and retention of a bank’s customers (retail as well as corporate) through digital banking channels. Together, Nuclei and Oracle will help enterprises cater to the digital needs of their users in a simplified, efficient, and exponentially scalable manner.

Through this collaboration with Oracle, Nuclei will empower enterprises to unlock new revenue streams like subscription fees and merchant revenue. The Nuclei marketplace has curated over 15 software and merchant services categories. The marketplace guarantees a safe, secure, and credible tech ecosystem for banks to add to their digital services.

According to Vikram Gupta, Group Vice President at Oracle, “Embedded services are ushering in a new wave of immersive banking by enabling banks to offer their customers more real-time service on their digital channel of choice. The addition of Nuclei into Oracle Banking APIs’ ecosystem of partners further arms banks to offer customers a wide range of merchant services and software solutions to realize new streams of revenue while simultaneously providing customers an all-inclusive digital banking platform.”

Ankur Joshi, Founder & CEO of Nuclei said, “Super apps have revolutionized the way users engage with digital services. Consumers now expect instant access to a wide array of services within a unified digital ecosystem. By embracing the super app model, banks can provide customers with a unified and personalized experience that goes beyond traditional banking services. Integrating financial offerings with other relevant services will not only help meet evolving customer expectations but also solidify banks’ position as trusted and indispensable financial partners. This collaboration with Oracle will allow a lot more banking institutions to embrace rapid technology adoption unlocking new possibilities in customer engagement.”

With diverse product offerings across multiple countries focused on creating value for the bank’s customers, Nuclei’s collaboration with Oracle will offer innovative solutions in the B2B finance and technology services domains.