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Nucleus Software’s FinnOneTM Ranked Best Selling Lending Solution across the Globe

March 20, 2012 | Press Release
India, New Delhi, March 20, 2012: Nucleus  Software  Exports  Limited  (NSE:  NUCLEUS,  BSE: 531209),   a   leading   provider   of   integrated   software   products   for   banks   and   financial institutions,  today announced  that  IBS has ranked its flagship product, FinnOne™ as the best‐ selling lending solution in the global banking industry in its Annual Sales League Table, 2012. Nucleus Software received this recognition for the fourth consecutive year on winning 14 deals in the calendar year 2011 in Lending space, which is nearly double the number of deals won by the next strongest competitor.  

FinnOne™ has the ninth largest customer base across all banking product vendors with a total of 192 customers worldwide. It has also been ranked the fourth highest sold solution by IBS across all vendors in banking product lines. The recognition reinstates FinnOne™’s global leadership in the banking and financial industry.

Commenting on the win, Vishnu R. Dusad, Chief Executive Officer and Managing Director of Nucleus Software said, “Amidst the possibility of another economic slowdown, 2011 was relatively a tough year for the core banking systems market as banks continued to work with limited budgets and defer decision‐making on implementation of new solutions. We are glad to have received a great response from banks across the globe towards our lending solutions, which has helped us retain the number one position in this space. We will continue to invest in differentiating our offerings and innovating to provide the best solutions to the industry. ”

FinnOne™ 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 multi‐branch, 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.   

About IBS Publishing Ltd:

The IBS Sales League Table is compiled by IBS Publishing, UK based on a worldwide survey of sales of banking solutions to new named banking wins in the calendar year including Commercial, Retail and Private banking solutions. IBS is an independent research and publishing house dedicated to the wholesale, retail and private banking systems market. This survey is increasingly recognized globally as the only one of its kind that independently tracks the financial products marketplace. IBS is known for their objective coverage of the financial services systems market, cutting through supplier hype, with investigative news, features and surveys.



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