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Centurion Bank of Punjab* selects Nucleus Software's applications

October 19, 2005 | Press Release
Nucleus Software (NSE: NUCLEUS), a leading global provider of next generation software products for banking and financial sector, today announced that Centurion Bank of Punjab will implement Nucleus Software’s Loan Origination System (LOS), Lending (Loan Management System) & Collections for its Retail Banking business. With its merger with Bank of Punjab, Centurion Bank of Punjab is one of the most widely networked banks of India today & has attained an unparalled edge in customer service & tech savvy innovation.

The replacement of the bank's former applications with the Nucleus Software’s product suite was a big step in the bank’s initiative to augment its entire IT infrastructure. This change is seen as a crucial step towards achieving leadership in the Retail banking division by the new management at Centurion Bank of Punjab. The new system will allow Centurion Bank of Punjab to respond to customer needs faster, as well as offer a greater breadth of products and services.

“As part of our business strategy we have taken a fresh look at the current business operations and efficiencies at the bank, with a focus on leadership in the Retail banking space. The new software implementation across branches, will enable us to further enhance our customer service efficiency and gain momentum towards a leadership position,” said Vivek Vig, Country Head, Retail Bank, Centurion Bank of Punjab. We chose Nucleus’ Software applications as it enjoys a global recognition in the industry and is an ideal choice for driving profitable business growth.

Commenting on this client win Mr. Vishnu Dusad, Managing Director, Nucleus Software Exports Limited said, “We are extremely delighted to partner with one of the leading banks in the industry today. This selection is also a reflection of Nucleus Software being the preferred choice among world’s leading banking & financial institutions.”

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