Nucleus Software edges higher on launch of mobile solution in Australia

The company has launched mApply at the Australian Retail Banking Summit 2016.

Shares of Nuclear Software Exports were up over 1% at Rs 206 on the Bombay Stock Exchange after the company announced the Australian release of its mobile loan self-sourcing solution - mApply at the Australian Retail Banking Summit 2016.

mApply enables the bank's customers and mortgage brokers to view pre-approved loan offers from the bank, select the best offer and submit a paperless loan application within minutes, the company said in a release.

With more and more Australians less likely to visit a bank branch in the future, providing access to loan services over mobile has become a priority, the release added.
 

The stock opened at Rs 205 and touched a high of Rs 208. At 12:25pm, over 22,000 shares were traded on both the stock exchanges.