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ING Vysya Bank goes live on Nucleus Software's FinnOneTM

November 1, 2011 | Press Release
New Delhi, November 01, 2011: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, today announced that ING Vysya Bank, one of the leading private sector banks of the country has successfully implemented its lending software solution FinnOne™ to drive the Bank’s consumer lending business across its branches in India.

Selected after a thorough evaluation of the various system proposals, ING Vysya Bank has implemented FinnOne™ Customer Acquisition System (CAS) version 3.7, Loan Management System (LMS) version 3.8 and Collections version 3.7. This execution has helped the bank to automate its Auto Loan, Home Loan, Personal Loan, Education Loan and Consumer loan functions, thereby enabling quick turnaround time to provide loans to its customers

Commenting on the solution FinnOne™, Mr. CVG Prasad – Chief Information Officer, ING Vysya Bank Ltd, said “We were very focused on investing in a platform with the aim of upgrading the client experience and building our commitment to making banking easier for customers. The need was for a seamless system interface across the front office, processing centre and customer service units; which would crunch turn‐around‐time for customers and enable the bank to process higher volumes, faster. Nucleus Software’s excellent track record in the financial services sector made FinnOne™ a clear choice for us.  We are sure that this implementation will optimize all our consumer lending operations.”

Mr. Vishnu R. Dusad, CEO & MD, Nucleus Software Exports Limited, said “We are pleased to have been selected by ING Vysya for enabling the technology for their consumer lending business.  Our position of leadership is strengthened by more and more prestigious institutions deploying our products. We are confident that FinnOne™ will provide ING Vysya a strong and technologically advanced platform to improve customer services across retail, private and wholesale banking platforms.”

About ING Vysya Bank Ltd

ING Vysya Bank Ltd is a premier private sector bank with retail, private and wholesale banking platforms that serve over 2.0 million customers, with 80 years of history in India and leveraging ING’s global financial expertise, a workforce of 9,303 employees staff, 977 outlets comprising of 527 branches and extension counters, 28 satellite offices and 422 ATMs to offer its clients an increasingly broad range of innovative and established products and services.

ING is a global financial institution of Dutch origin offering banking, investments, life insurance and retirement services to over 85 million private, corporate and institutional clients in more than 40 countries.

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