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FinnOneTM retains its World's No. 1 Position in the Lending Domain

March 5, 2010 | Press Release
India, New Delhi, March 05, 2010: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of software products for banks and financial institutions today announced that its product FinnOne™ is ranked once again as the 'World's No. 1 Selling Lending Software Product' by International Banking Systems (IBS), UK, in its annual Sales League Table for the year 2010

Published by IBS Publishing, the IBS Sales League Table independently tracks financial product market and is based on a worldwide annual survey of sales of corporate, retail and private banking solutions. IBS Publishing is an independent research and publishing house dedicated to news, research and analysis covering banking operations and systems internationally.

This is the second consecutive year that FinnOne™ has been ranked at the top and fifth consecutive year that the product has been ranked amongst world's best selling lending software products; the ranking is based on the number of sales made in the calendar year. FinnOne™, ranked best in the lending category, emerged a winner with 13 global sales for year 2009, far ahead of its other competitors in this segment.

With this recognition FinnOne™ re-instates its global leadership position.

FinnOne™, the flagship product of Nucleus Software, is a powerhouse of seamlessly integrated applications, designed to provide operational support, risk management and decision-making support to banks and financial services companies. The FinnOne™ suite provides solutions for the asset as well as liability sides of business in addition to account management, core financial accounting, risk management, document management, and customer services. FinnOne™ also supports multi-branch, multi-currency, multi-product, and bi-lingual implementations. FinnOne™ focuses on both, retail and corporate loans, thereby emerging as a comprehensive solution to back any line of the lending business.

On this occasion Vishnu Dusad, CEO & MD, Nucleus Software, said, “We are extremely delighted and is a matter of great pride for us that our flagship product retained the No.1 position in the lending segment across the globe. The ranking re-instates Nucleus’ leadership position as the creators of World’s best selling lending software product and is a strong endorsement of our vision, mission and commitment to customer satisfaction. Nucleus' vision is to be leading global end-to-end products & solution provider; a customer-oriented global organization committed to the highest level of quality for its products and services. As one of the largest IP creators in the country this recognition encourages us to continue on our path to take technology to the next level and provide our customers with the very best in banking solutions and thus empower them with a distinct business advantage.”

About IBS Publishing:

The IBS Sales League Table is compiled by IBS Publishing, UK based on a worldwide survey of sales of banking solutions to new named banking wins in the calendar year including Commercial, Retail and Private banking solutions. IBS is an independent research and publishing house dedicated to the wholesale, retail and private banking systems market. This survey is increasingly recognized globally as the only one of its kind that independently tracks the financial products marketplace. IBS is known for their objective coverage of the financial services systems market, cutting through supplier hype, with investigative news, features and surveys.

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