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The BFSI Sector Relies on Customised Software for Higher Precision.

June 18, 2006 | Press Release
Nucleus Software Exports Limited (NSE: NUCLEUS), a leading global provider of the next generation software products for the banking and financial services sector today announced the implementation of its Customer Acquisition System (CAS), Lending and Collections Solution – FinnOneTM Suite - at Cholamandalam DBS Finance Limited (Cholamandalam DBS), a financial services joint venture between the Rs 7,300 crore Murugappa Group and DBS Bank of Singapore.

According to Vishnu Dusad, Managing Director, Nucleus Software, “The solution eenables the credit, back-office and collections operations of Cholamandalam DBS. Some of the key features of FinnOneTM include, the ability to ascertain the credit-worthiness of new customers, based on their past financial relationship with Cholamandalam DBS; integrated workflow that ensures standardized stage-by-stage process flows; status updates to the process owner for every stage of the process; and access to all users including Direct Selling Agents (DSAs) through a web portal.”

Cholamandalam DBS, along with its subsidiaries offers personal loans, automobile finance, corporate finance, mutual funds, and investment advisory and securities services.

Vishnu Dusad said, “We are very excited and confident of our current position in the retail banking market and our recent wins stand as testimony to our leadership in this dynamic and fast-growth market. We look forward to a long-term business relationship with Cholamandalam DBS, aided by our deep understanding of the retail finance market.”

Atul Pande, Managing Director, Cholamandalam DBS said, “Cholamandalam DBS recently launched its retail finance business. Service excellence is vital to grow and sustain growth momentum in this highly competitive sector. We hope FinnOneTM will help us achieve desired turnaround times on customer queries, by way of process support. We are confident that this solution will also provide us the support to explore new product and market domains.”

Nucleus and its flagship product FinnOneTM the “8th Highest Seller in Global Banking Back Office Systems” (IBS Publishing, London, 2005) has had over 200 successful implementations across the globe. With presence in regions spanning APAC, Europe, Middle East, Africa and America, the Company’s client base includes leading names in the banking and financial services industry.

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:

For Media related information, please contact:

Rashmi Joshi, Nucleus Software
Phone: +91-9560694654