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Nucleus Software strengthens its alliance with Bank of Philippine Islands

May 27, 2009 | Press Release
New Delhi, May 27, 2009: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, today announced that Bank of Philippine Islands has chosen Nucleus’ FinnOne™ Customer Acquisition System - Corporate (CAS Corp) SME module to support loans evaluation and origination process for the bank’s Small and Medium Enterprise (SME) clients. Bank of Philippine Islands which is the third largest commercial bank in the Philippines, is already using Nucleus’ FinnOne™ CAS, CCAPS and Collections.

Selected after thorough evaluation, Nucleus’ FinnOne™ CAS Corp was chosen due to expertise in technology focused on the SME sector. FinnOne™ CAS Corp is the corporate module focused on the unique business needs of this segment and empowers banks to create innovative products. An effective technological platform, FinnOne™ CAS Corp will enable Bank of Philippine Islands to manage scalable, high volume and online credit and loan evaluations for SMEs. The system will take the loan acquisition process from the first contact, to application form acceptance, to the various stages of its work flow, queue management right up to the reject / approval decision for the disbursement and loan booking leading to an efficient risk free loan management process.

On this occasion Vishnu R. Dusad, CEO & Managing Director, Nucleus Software Exports Limited, said, “The Bank of Philippine Islands has consolidated its more than four-year long partnership with Nucleus Software by selecting FinnOne™ CAS Corp. Our product will offer a truly differentiating proposition to Bank of Philippine so as to improve standards of customer service, take advantage of growing customer demands and create a strong platform for its ambitious growth plans.”

About Bank of the Philippine Islands (BPI): 

Bank of the Philippine Islands is the market leader in consumer lending and remittance business and enjoys significant presence in corporate banking asset management, corporate finance and securities distribution and insurance business. It also leads in electronic banking having introduced most of the firsts in the industry, the ATMs, point of sale debit system, phone banking, and internet and mobile banking. It has 829 branches and over 1400 ATMs serving 3 million customers. http://www.bpi.com.ph/ 

About FinnOneTM:
FinnOne™ is 'World's Number 1 Selling Lending Software Product*. The flagship product of Nucleus Software, it 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. 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. *IBS Publishing (2008)

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