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First Bank of Nigeria Selects Nucleus Software's FinnOneTM Suite

August 3, 2006 | IT News Online
Nucleus Software Exports Ltd., a provider of software products for the banking and financial sector, announced that First Bank of Nigeria has its flagship solution - FinnOne CAS, Lending and Collections Suite. The solution will be implemented across the bank's 350 branches in the West African region.

The company said this contract with First Bank marks its entry into the African banking industry. The implementation will overhaul First Bank's entire credit and loan operations across the country.

FinnOne is an integrated suite of applications designed to support the whole spectrum of business offerings of Banks and Financial Solutions companies.

FinnOne CAS automates and manages the complete application processing flow for Retails/Corporate Financing as well as Cards, allowing banks to integrate the different touchpoints in their supply chain for acquisition prospecting and predisbursal processing.

FinnOne Lending, a software module of the FinnOne suite, is built with the objective of providing operational and decision-making support to all the asset side business lines. The product also assists in introducing new product offerings and tailor made schemes, reducing time-to-market and automating processes so as to provide a distinguishing factor within the retail loan space.

FinnOne Collections system manages the entire collections and focuses on tracking and managing delinquent customers. This enables organizations to effectively minimize delinquencies through a series of proactive actions and tighter supervision. It is a platform that comes loaded with add-on modules, supporting any phase of distressed receivables lifecycle and enabling powerful recovery management.

"Our successful track record of FinnOne implementations across the globe stands testimony to our vision and mission of being a leading global player in the Banking and Financial industry. First Bank is the largest bank in Nigeria and this order stands testimony to our commitment to the market," said Vishnu Dusad, Managing Director, Nucleus Software Exports Ltd.

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