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Nucleus Software Strengthens Its Partnership With United Finance Company

June 3, 2009 | Press Release
New Delhi, June 3, 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 they have further strengthened their six-year long relationship with United Finance Company SAOG (UFC), the largest finance company of Oman. Nucleus’ FinnOne™ will now power UFC with its Lead Management System and Customer Service Module, to be implemented across 7 branches of the company.

Closely integrated with Nucleus' FinnOneTM CAS (Customer Acquisition System), LMS (Loan Management System) and Collections & Delinquency Management, already implemented at UFC, FinnOne™ Lead Management System and FinnOneTM Customer Service Module will provide a system driven process and enhanced customer service. The Single Sign On (SSO) implemented will be used to access FinnOne TM CAS, LMS, Collections, Lead Management and Customer Service Module through one screen.

FinnOne™ Lead Management System will facilitate lead tracking and closure in a systematic, transparent and controlled environment, allowing for real-time lead movement. FinnOneTM Customer Service Module will help the financial institution to collaborate better among all its stakeholders through multiple communication modes, enabling execution of a customer-centric business strategy by integrating the front and back office.

Nucleus’ FinnOne™ has been the key IT solution provider for the company since 2002.

On this occasion, S. Shivkumar, Chief Lending Officer from United Finance Company commented, “To be able to provide best in class, leading lending services, we required a lending platform that could cope with growing volumes. We are confident that by utilizing FinnOne™ we will enhance our productivity and build up value-added solutions for our customers.”

Vishnu R. Dusad, CEO & Managing Director, Nucleus Software, said, “Our six year long association with United Finance Company is a testimony to our leadership position in fostering innovation, increasing productivity and meeting diverse customer needs. We look forward to closely working with United Finance Company helping them further harness the capabilities of FinnOne™. ”

About United Finance Company: 

Established in 1998, United Finance Company (SAOG) is the largest of the six finance companies operating in Oman with a market share of approximately 25 per cent. The company offers a wide range of products both conventional and non-conventional finance, corporate deposits and Banc assurance. United finance has always believed in applying creativity to its work, if the product does not exist create it, if it can be bettered, change it. Through this approach, united finance has earned a reputation as a finance company that can be counted on to deliver, Offering customised solutions in corporate finance or crafting a perfect deal for the customer. 

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