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Lippo Bank partners with Nucleus Software to overhaul its lending operations

September 3, 2006 | Press Release
New Delhi, India, September 13, 2006: Nucleus Software (NSE: NUCLEUS), a leading global provider of next generation software products for banking and financial sector today announced, winning a contract with Lippo Bank, Indonesia. Lippo Bank is one of the largest private sector banks in Indonesia. Nucleus will be implementing its FinnOneTM LOS, FinnOneTM Collections & Recovery Management System solutions across the bank’s 396 branches.

Currently, the bank provides a "one-stop" banking services, in retail, consumer and commercial segments, international products and attractive investment instruments for its individual and corporate customers, with the total of more than 2.9 million accounts. Unsecured & Secured Lending Division, Risk, Collections & Recovery Division.

With the Nucleus Software solution, the bank will gain the advantage of enhancing their operations, resulting in easy inter-operability across branches and developing efficient workflow systems in their lending business.

Finn One™ LOS automates and manages the complete application processing flow of any retail finance instrument, be it auto loans, personal loans, home loans, credit cards or even services related applications.

FinnOne™ Collections system manages the entire collections and focuses on tracking and managing delinquent customers helping organizations in minimizing delinquencies through a series of proactive actions and tighter supervision. A unique platform that comes loaded with add-on modules, supporting any phase of distressed receivable lifecycle and enabling powerful recovery management.

Commenting on the win, Vishnu R. Dusad, Managing Director, Nucleus Software Exports Limited said, “We have had a very strong presence in the South East Asian market for a long time now. Our continual effort at providing world-class tailored solutions to our clients has helped us earn the confidence of most major banking institutions in the market. This win is just another step in reiterating our leadership position in the South East Asian region.”

Nucleus with its flagship product FinnOne today has over 124 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