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Amlak Finance PSJC select Nucleus Software flagship product FinnoneTM

October 11, 2007 | Press Release
Amlak Finance PJSC, the largest publicly listed Islamic Home Finance Company offering Sharia'a solutions, announced at a signing ceremony that it has signed a contract with Nucleus Software and will utilize its flagship FinnOne retail products

Amlak will implement the FinnOne™ Customer Acquisition System (CAS) and FinnOne™ Collections Modules.

The implementation of this system will allow Amlak Finance to provide greater efficiency to all of its clients. By utilizing the new modules, Amlak's finance approval processing mechanism will be enhanced by complimenting the function of its existing financing systems.

Amlak appointed Cedar Management Consulting, a leading Management and IT consulting firm to facilitate the selection process of this new system. Cedar will also help in project managing the implementation to ensure overall alignment with international best practices and Amlak's business strategy.

Speaking on the occasion, Arif Alharmi, CEO of Amlak Finance commented, 'Streamlining our approval processing system with the Nucleus software, FinnOne, will not only make our existing system even more effective, but will also quicken the turnaround time for the application evaluation. Our home finance clients will benefit from this faster approvals procedure. As this system is used throughout the globe, we are pleased to be achieving international standards in application processing.'

'This is a strategic win for us' comments Vishnu R. Dusad, CEO & MD, Nucleus Software Exports Limited, 'Together, we will be able to create a value that will benefit the customer immensely. Increased efficiency and automation are benefits that the consumer is certain to enjoy.'

'Implementing this world-class software will translate into a value-added benefit to our clients when they experience a quick turnaround time in the processing of their application. Amlak continually strives to offer the best services to its customers, through investing time and resource in market leading technologies such as the Nucleus software,' concluded Alharmi.

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