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BankMuscat goes live on Nucleus Software's FinnOneTM To Optimize its Collections Process

October 5, 2011 | Press Release
New Delhi, India, October 05, 2011: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, today announced the successful implementation of FinnOne™ at  the headquarters of BankMuscat, the leading financial services provider in the Sultanate of Oman. The bank selected Nucleus' FinnOne™ Collections module to do away with any manual intervention in the collections process and improve operational efficiencies across the collections operations. 

With assets worth over USD 15 billion, BankMuscat (SAOG) is the leading financial services provider in Oman. It offers retail and corporate loans, auto loans, home loans and credit cards. BankMuscat selected FinnOne™ Collections because of its state‐of‐the‐art modules and Nucleus’ vast implementation experience.

Abdul Kader Al Balushi, Group DGM ‐ Credit, BankMuscat, said: “Such projects require constant support and involvement from the supplier organisation. We believe that Nucleus Software will be able to match our expectations and partner with us in our growth by optimising our operational efficiencies across the collections operations. We chose FinnOne™ as it enjoys an excellent track record for comprehensive functionalities of its modules.”

Mr. Vishnu R. Dusad, CEO & MD, Nucleus Software Exports Limited said: “BankMuscat’s successful implementation of FinnOne™ is yet another endorsement of our leadership in the lending technology space. With our unstinted focus on IPR creation and technology enhancement, we have been successful in equipping the banks and financial institutions with the best technologies to enhance their competitive edge and customer focus.”

About BankMuscat
With assets worth over USD 15 billion, BankMuscat (SAOG) is the leading financial services provider in Oman with a strong presence in Corporate Banking, Retail Banking, Investment Banking, Treasury, Private Banking and Asset Management. Firmly positioned with over 1.3 million satisfied customers, the Bank has the largest network of 130 branches, 520 ATM/CDMs and 5300 PoS terminals offering superior levels of banking convenience and connectivity.

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:

For Media related information, please contact:

Rashmi Joshi, Nucleus Software
Phone: +91-9560694654