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FinnOneTM goes live at Bussan Auto Finance India

May 6, 2008 | Press Release
Nucleus Software (NSE: NUCLEUS, BSE: NUCLEUSSOFT), a leading global provider of next generation software products for banking and financial sector, today announced that FinnOne™ Suite has gone live at Bussan Auto Finance India. Nucleus has implemented FinnOneTM Customer Acquisition System, Loans Management System, Collections and General Ledger System.

Bussan Auto Finance India Pvt. Ltd. is a newly established finance company promoted by Bussan Automotive Singapore Pte. Ltd, Yamaha Motors Asia Pte. Ltd. in Singapore and Axis Bank Ltd. in India. As a new start up, Bussan Auto Finance India was looking at a comprehensive solution to cater to endto-end needs of its automotive lending business. FinnOne™ Customer Acquisition System, Lending, Collections, and General Ledger was the best fit looking at the proficiency in automating, consolidating and providing operational excellence in the lending business for the entity. FinnOne™ Suite will provide Bussan Auto Finance India a strategic advantage by ensuring reduced turn around time in processing and disbursing loans, managing its delinquent customers.

Commenting on the selection, Mr. Shigeo Enomoto Chairman and Managing Director, Bussan Auto Finance India Pvt Ltd said, “An in-depth understanding of the banking and financial services industry and expertise in managing the requirements of automotive financing companies from lending perspective had prompted us to forge this alliance with Nucleus. With FinnOne™ going live at Bussan Auto Finance India, we are pleased to offer our customers world class services with a great operational excellence across our lines of business.”

Vishnu R Dusad, CEO & Managing Director, Nucleus Software said, “Non Banking Financial institutes across the globe are revamping their technology infrastructure rapidly, and Nucleus is strongly positioned to help them refurbish their operations to be at par with global conglomerates. We are confident that with successful implementation of FinnOne™ at Bussan Auto Finance, we will be able to augment the company’s growth by playing a pivotal role as their technology partner.”

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