April 10, 2008
| VAR India
Nucleus Software Board to Consider Dividend
Nucleus Software has unveiled that its flagship product FinnOne has been selected by Reem Finance, one of leading non banking financial institutions headquartered in Abu Dhabi. With this win, Nucleus has further strengthened its leadership position as a premier lending solution provider for the financial industry in the Middle East Region.
Reem Finance, incorporated in February 2008 is a financial institution providing financial services for businesses and individuals. It is licensed and regulated by the Central Bank of the UAE. Reem Finance has been established as a joint stock company with an issued capital base of AED 400 million by leading business groups in the UAE including Sorouh, Reem Investments, First Gulf Bank and Al Qudra Holdings.
As a new start up, Reem Finance was looking at a comprehensive solution to cater to end-to-end needs of its lending business. FinnOne™ Customer Acquisition System, Lending, Collections and General Ledger was the best fit looking at the proficiency in automating, consolidating and providing operational excellence in the lending business for the entity. FinnOne™ Suite will provide Reem finance a strategic advantage by increasing its profitability ensuring reduced turn around time in processing and disbursing loans, managing its delinquent customers.