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Nucleus Software Accredited with the Highest Lending Deals in 2010 by an Independent Research Firm

June 22, 2011 | Press Release
New Delhi, India, June 22, 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 it is the vendor with the highest number of lending deals for the year 2010 as per the May 2011 survey by Forrester Research, Inc. In continuation to its Global Banking Platform series of reports, Forrester has for the first time analyzed deals with dedicated Lending capabilities. The research report surveyed 23 vendors of globally deployed banking platforms on their 2010 deals. 
 
The focus of this part of the report was loan management/servicing and hence solutions with related capabilities including loan origination, collections, syndicated lending, loan trading, and Islamic lending were not considered. Nucleus software bagged 10 deals out of the 41 accomplished together by the top nine global banking platform vendors identified with dedicated lending capabilities

Vishnu R. Dusad, CEO & MD, Nucleus Software, said, “After being recognized as a ‘Global Pursuer’ earlier this year, we are pleased to be    identified as the vendor with the highest number of lending deals for the year 2010 by Forrester Research. We believe this finding not only reveals the growing demand of our products worldwide, it also highlights our inclination to surpass expectations and establish India's global leadership in the Banking Technology and Financial Software industry. In addition to expanding our reach in developed economies, we will continue to develop our client portfolio in the untapped markets.” 


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