March 7, 2011
| Press Release
ndia, New Delhi, March 07, 2011
Nucleus Software’s FinnOneTM is World's No. 1 Lending Software for the Third Consecutive Year
: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of software products for banks and financial institutions today announced that its product FinnOne™ ranked once again as the 'World's No. 1 Selling Lending Software Product for the third consecutive year and ranked No. 3 in global sales amongst all banking products’ sales by International Banking Systems (IBS), UK, in its annual Sales League Table 2011.
Published by IBS Publishing, the IBS Sales League Table independently tracks financial product market and is based on a worldwide annual survey of sales of corporate, retail and private banking solutions. IBS Publishing is an independent research and publishing house dedicated to news, research and analysis covering banking operations and systems internationally.
This is the third consecutive year that FinnOne™ has been ranked at the top and sixth consecutive year that the product has been ranked amongst world's best selling lending software products; the ranking is based on the number of sales made in the calendar year. FinnOne™ emerged a winner with 27 global sales for year 2010 which is more than double the number of orders YOY, far ahead of its other competitors in this segment. FinnOne™ has also been ranked third in global sales across all banking product sales.
With this recognition FinnOne™ re-instates its global leadership position with over 174 customers.
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 provides solutions for the asset as well as liability sides of business in addition to account management, core financial accounting, risk management, document management, and customer services. It handles credit management from origination to termination. It caters to loans, ranging from simple EMI backed retail finance to highly complex commercial lending scenarios. FinnOne™ also supports multibranch, multi-currency, multi-product, and bi-lingual implementations. FinnOne™ focuses on both, retail and corporate loans, thereby emerging as a comprehensive solution to back any line of the lending business.
“We are glad to retain the Numero Uno position in the Lending Software space across the globe for the third year in a row. We have doubled the number of orders YOY and have increased our lead with our competitors. Our IPR led strategy and focus on creation of best in class products has positioned us with a high brand equity and our customer focused approach has led to high customer satisfaction levels. This award is a testimony to our commitment to innovation and co-creating value for our customers”, Niraj Vedwa, Chief Operating Officer, Nucleus Software