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Nucleus Software Implements CASH@WillTM at Bangkok Bank, Thailand

June 30, 2009 | Press Release
New Delhi, June 30, 2009: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading provider of integrated software products for banks and financial institutions today announced the successful 'go-live' of its cash management product CASH@WillTM at Bangkok Bank, Thailand.

Bangkok Bank, one of the largest regional banks in South East Asia, with total assets of approximately USD 48 billion has gone live on Nucleus Software's Cash Management product CASH@WillTM and Internet banking product BankONetTM across its entire network in Thailand. CASH@WillTM front ended by Nucleus' BankONetTM implemented at Bangkok Bank helped the bank in transforming their business processes by enhancing the technology platform. Selected after a thorough evaluation of the various systems, CASH@WillTM and BankOnetTM were chosen for their superior functionality enabling the bank's ability to respond to changing business dynamics faster.

In addition to helping the bank offer its customers the benefits of tracking cash balance, monitoring payments and receivables, and performing liquidity management functions, Nucleus' Cash Management solution, CASH@WillTM is also expected to help Bangkok Bank improve its revenue, maximize profits, minimize costs and establish efficient management systems to assist and accelerate growth.

“Our decision to implement CASH@WillTM has been influenced by Nucleus’ reputation as a successful and committed software solutions provider. We are confident that with Nucleus’ support and commitment, we will be further strengthening our rapid business growth and delivering to meet customer expectation.” said, Mr. Teera Aphaiwongse, SEVP and Member of the Board of Directors. Further adding, "Maximum customer convenience is our constant endeavor. Nucleus' CASH@WillTM is a step towards providing a future proof option in terms of scalability. It is in sync with our customer service requirements and I am glad to express that it matches all our expectations.”

“We believe that this development is significant as it comes at a stage when banks across the world are investing in solutions to meet the challenges emerging from a fast changing market. We are confident that with CASH@WillTM , a product being used by some of the largest top tier banking groups, investment banks and commercial banks, we are well placed to seize this opportunity.” said Mr. Vishnu R. Dusad, CEO & MD, Nucleus Software Exports Limited.

About Bangkok Bank
Established in 1944, Bangkok Bank is Thailand’s largest bank with assets of Baht 1.659 trillion (USD 47.9 billion, Dec. 2008), making it the seventh-largest bank in Southeast Asia*. Bangkok Bank made a net profit of more than Baht 20 billion (USD 578 million) in 2008. Bangkok Bank has more than 800 branches in Thailand and boasts the third-largest overseas branch network in Southeast Asia. The bank has been operating in Hong Kong for over 50 years, is growing a substantial presence in the Chinese market, and has branches in the US, UK and Japan. Bangkok Bank has an extensive customer base and distribution system with over 16 million retail and business customer accounts, Thailand’s largest deposit base, and a comprehensive self-service banking network including more than 6,000 ATMs and Cash Deposit Machines, and online banking via the Internet and telephone. For more information about Bangkok Bank, please visit www.bangkokbank.com. 

About CASH@Will TM

All other parameters being equal, how well an organization manages its collections, payments and liquidity has a direct bearing on its status, against a competitive backdrop. Nucleus Software's Cash Management Solution, CASH@Will TM , built on new generation technologies of Oracle empowers banks to offer their corporate customers optimized cash management services, dramatically improving funds collection and inflow forecasting, payment dispatch and funds utilization. It provides anytime, anywhere access to quality real-time consolidated information and seamlessly supports multi-bank, multi-currency, multi-lingual transactions, ensuring smooth flow of information and cash.

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