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Nucleus Software: Technical Expertise for Global Success

December 5, 2006 | Press Release
 Leading lending solutions vendor Nucleus Software maintains a strong global presence. ZAKY JAILANI spends some time speaking to Niraj Vedwa, Head Global Sales and Marketing.

Q. Could you briefly introduce Nucleus Software to our readers? (What the company does, who your clients are, etc)

A: Nucleus Software, established in 1986, has been providing innovative and pioneering Products and customized Software Solutions for the Banking and Financial Services Industry.
With global presence and development centers, Nucleus has developed solutions in Retail and Corporate Banking, Credit Cards, Cash Management, Relationship Banking, CRM, ATM, Credit Appraisal, Trade Finance, EAI, E-Commerce, and M-Commerce.
More than 250 product implementations globally and a customer base of 134 spread in a number of countries across Europe, Asia Pacific, South-East Asia, Middle-East, Africa, USA, Australia, Nucleus is poised to cross 400 product implementations in over 80 countries by 2008, with yet another 150 modules on the roll.

Q. I understand that Nucleus Software is the leading vendor in the lending solutions market. What are some of the benefits of these solutions to your customers?

A: With a strong business and technology expertise we leverage this domain knowledge to architect, implement and evolve our customers’ value. Nucleus product suites have been carefully designed to provide total solutions to financial institutions or to even work in conjunction with the existing legacy banking system. To cater to their needs with customized solutions supplemented with superior in-depth understanding of the client’s businesses.
Our flagship product FinnOne (rated 8th globally by IBS Publishing, London, as the highest seller in Global Banking Back Office Systems for the Year 2005) provides complete operational and decision making support to the fast changing financial services industry for both the asset side as well as the liability side of business, core financial accounting and customer service.
Cash Management becoming the prime focus area of companies, who demand swifter methods for transfer of funds, in today’s increasingly complex business arena, effective Funds Flow Management is vital. Cash@will from Nucleus empowers banks to offer their corporate customers optimized Cash Management services.

Q. What are the issues/trends/challenges that you see emerging in the market?

A: At this point of time we can identify five key issues and challenges which can be seen emerging in the market. These are Technology adoption, Legacy replacement, Time to market, Consolidation and Cost reduction.

Q. What is Nucleus Software’s approach to these issues?

A: To overcome these issues, Nucleus invests heavily in research and development to enhance products with the latest technology and functionality. We are also always trying to find the shortest time to market as well as reducing costs due to the increased productivity of our workforce.

Summary:
  1. A leading global software powerhouse providing innova- tive and pioneering products and software solutions since 1986
  2. More than 250 product imple- mentations globally
  3. A customer base of 134 spread in a number of countries across Europe, Asia Pacific, South-East Asia, Middle-East, Africa, USA, Australia.
  4. Nucleus is poised to cross 400 product implementations in over 80 countries by 2008, with yet another 150 modules on the roll.

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