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Nucleus Software gets new client in UAE for its award-winning FinnOneTM Suite

January 6, 2009 | Press Release
Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: NSEL), a leading global provider of integrated software products for banks and financial institutions, today announced that the National Bank of Umm Al Qaiwain, one of the leading financial institutions in UAE, has chosen Nucleus’ award winning FinnOne™ Suite for its retail finance division, to power auto, personal & home loans.

FinnOne, an internationally proven product solution, will provide the Bank with a comprehensive, powerful, and flexible system to support their loan origination process and help in delinquency management. Thereby, reducing turnaround time and efficiently filtering out bad debts to increase profitability and create a differentiated customer experience. FinnOneTM, with the centralized and controlled product designs, will allow for effective introduction of quick-to-market products and schemes best addressing this challenging environment

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 Commenting on the newly found relationship, Mr. R.Ramachandra Iyer, Deputy General Manager of National Bank of Umm Al Qaiwain, said,

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We welcome Nucleus as our new technology partner and expect them to add value to the Bank’s Retail Banking business.

Mr. Vishnu R. Dusad, CEO and Managing Director, Nucleus Software Exports Limited,

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We are delighted to partner with National Bank of Umm Al Qaiwain. The Bank's decision to choose FinnOneTM to power their lending business is a proof that our product offers real value and a competitive advantage to our customers. We are indeed happy to see our client base grow in the UAE where believe we are strengthening our position as a preferred vendor.

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