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Development Credit Bank chooses Nucleus Software as its technology partner

February 9, 2007 | Press Release
India, New Delhi, February 9, 2007: Nucleus Software Exports Limited (NSE: NUCLEUS), a leading global provider of the next generation software products for banking & financial sector, today announced that Development Credit Bank Limited (DCB) has selected Nucleus Software’s FinnOne for its retail banking operations. This solution will be implemented across all of DCB’s 72 branches nation-wide.

DCB’s adoption of FinnOneTM indicates the Bank’s move towards ramping up its loan origination, loan management and collections operations within the retail-banking sector. With this implementation, DCB plans to streamline its retail assets division by ensuring anytime, anywhere access, and ease in operations and instant information for its sales, credit and operations teams.

FinnOneTM suite of products assists in introducing new product offerings and tailor made schemes thereby reducing time-to-market and automating processes. The solution further automates and manages the complete application processing flow for Retail Financing, allowing banks to integrate different touch-points in their supply chain enabling efficient, timely services to customers.

“Retail banks are evolving to keep pace with the changing financial services scenario. Strong technology offerings remain critical not only to customer acquisition and retention but also to global competitiveness. We are pleased to be partnering DCB in successfully enhancing their retail operations and customer satisfaction.” stated Vishnu Dusad, CEO, Nucleus Software Exports Limited.

On the occasion, Mr. Parag Patankar, Chief Operations & Technology Officer, DCB said, “We are happy to partner with Nucleus Software, a leader in the retail banking technology segment, in our quest to provide to our customers a high quality of customer service by using straight through processing. We look forward to Nucleus software leveraging understanding of the banking domain to deliver to DCB a robust, scalable, secure and flexible platform that supports our retail banking thrust.

Nucleus with its flagship product FinnOneTM today has over 134 clients across the globe. It is a fast - growing player with a leadership position in regions spanning APAC, Europe, Middle East, Africa, and America. Nucleus, today, commands leadership position in the domestic retail banking space with clients spanning among most leading banks in India.

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