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Nucleus Software Certifies FinnOneTM Suite Applications On Red Hat

September 1, 2006
Red Hat announced that Nucleus Software has joined Red Hat's Independent Software Vendor (ISV) partner ecosystem. Nucleus Software is a leading provider of software solutions for the banking and financial services industry. The applications from Nucleus now certified on Red Hat Enterprise Linux are FinnOne Customer Acquisition System (CAS), FinnOne Loans Management Systems and FinnOne Collections. Nucleus and its flagship product FinnOne have had over 200 successful implementations across the globe and the company's client base includes leading names in the banking and financial services industry.

With Linux also gaining momentum in this industry, this association with Nucleus enables Red Hat to further penetrate and strengthen offerings to the banking and financial services industry in India. Amit Bhoraskar, Head - Alliances, Red Hat India, "In India, the banking and financial sectors are leading Linux adopters. A number of leading banks have already trusted Linux for their servers and core banking applications. To propel this momentum, it is essential that we keep expanding our ISV ecosystem and add more applications that run on Linux. Nucleus is one of the leading providers of software solutions for the banking and financial sectors, and we are happy to have them as part of our ISV partner ecosystem."

Niraj Vedwa, Head- Global Sales & Marketing, Nucleus Software, "Providing Linux enablement for our products was a strategic decision that was taken after an in-depth evaluation of market dynamics and customer needs. Nucleus Software has been serving the banking and financial industry with its comprehensive set of solutions for more than two decades now. We wanted to offer our customers a commercially viable solution that also satisfied the need for a robust and secure operating platform. After getting these certifications, our products: FinnOne CAS, FinnOne Collections and FinnOne LMS are now officially available on Red Hat Enterprise Linux, the open source platform of Red Hat. This will allow us to better serve our customers."

Vedwa added,"When it comes to providing a world-class open source platform, Red Hat is an obvious choice. This strategic alliance will fuel our vision of establishing Nucleus Software as an end-to-end service provider for the banking and financial services industry."

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 retail and corporate financing, as well as cards, allowing banks to integrate the different touch-points in their supply chain for acquisition prospecting and pre-dispersal processing. FinnOne Loan Management System assists banking and finance companies to reduce time-to-market and automate processes by introducing new product offerings and tailor-made solutions within the retail loan space. FinnOne Collections system manages the tracking and management of delinquent customers, helping organizations to minimize delinquencies through a series of proactive actions and tighter supervision.