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AmBank Selects Nucleus Solution to revamp its Cash Management Operations

May 22, 2006 | Press Release
New Delhi, May 19, 2006: Nucleus Software today announced that AmBank has selected its Cash Management banking solutions to empower its product “AmBiz-CashPro”. This implementation enables AmBank to enhance its products’ efficiency and reduce costs of business customers in their day-to-day routine cash management tasks. The implementation will cover the entire spectrum of activities for the bank, which includes receivables management, payables management, liquidity management and corporate internet banking.

The bank will now be able to enhance their current cash management product ”Am-Biz CashPro” to compete with foreign banks operating in Malaysia with the broad coverage of AmBank’s nationwide branch network.

The Cash management system will also help AmBank improve its revenue, maximize profits, minimize costs, and establish efficient management systems to assist and accelerate growth.

Commenting on the latest win, Vishnu Dusad, Managing Director, Nucleus Software, said, “This implementation reiterates our leadership in the South East Asian market and also showcases the trust that our clients place in our solutions. Our differentiation of being a focussed banking solutions provider makes us the premium choice for customers across the banking & financial industry.”

Andre Lee, Head of AmBank’s Cash & Trade Services Management said, “In today’s environment, a lot of companies are saddled with the tedious and mundane activities related to transaction processing, for example, cheque payment preparation. Through our services, specifically through AmBiz-CashPro, we are able to provide customers with not only a costeffective solution to transaction processing, but also free up their resources to concentrate on core business activities such as sales and customer service.”

Nucleus with its flagship product FinnOneTM today has over 124 clients across the globe. It is a fast - growing player with a leadership position in regions spanning APAC, Europe, Middle East, Africa, and America.

About Nucleus Software

Nucleus Software (BSE & NSE: NUCLEUS) is the leading provider of lending and transaction banking products to the global financial services industry. Its software powers the operations of more than 150 companies in 50 countries, supporting retail banking, corporate banking, cash management, internet banking, automotive finance and other business areas. Nucleus Software is known for its world-class expertise and innovation in lending and transaction banking technology. It has two flagship products, built on the latest technology:
  • FinnOneTM 10 time winner - World’s Best Selling Lending Solution. 
  • FinnAxiaTM, an integrated global transaction banking solution used by banks worldwide to offer efficient and Innovative global payments and receivables, liquidity management and business internet banking services.
Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit: http://www.nucleussoftware.com/safe-harbor.

For Media related information, please contact:

Rashmi Joshi, Nucleus Software
Email: rashmi.joshi@nucleussoftware.com
Phone: +91-9560694654