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YES BANK Opts for FinnOneTM Solution from Nucleus Software

January 8, 2007 | Press Release
New Delhi, January 8, 2007: Nucleus Software Exports Limited (NSE: NUCLEUS) a leading global provider of software products for the financial sector today announced the selection of its flagship product FinnOneTM CAS, Loan Management and Collections Suite, by YES BANK, India’s new age private sector Bank, to help offer value added retail liability and third party wealth management products as well as retail asset offerings to its customers.

FinnOneTM Solution is an integrated suite of applications designed to support business offerings of Banks and Financial Solutions companies. This solution will be implemented across all 24 branches in the country.

YES BANK has been successful in implementing state-of-the-art, high-powered technology systems that has been able to deliver a complete Banking platform to its customers. FinnOneTM Solution will enable YES BANK to streamline its sales team to ensure a quicker turn around time for customer acquisition. This solution will allow the Bank to automate and manage the complete application process flow for any finance instrument such as personal loans, home loans, credit cards and other services.

Describing this as a significant milestone in establishing YES BANK as a high quality, technology driven, private Indian Bank, Mr. Rana Kapoor, Founder / Managing Director & CEO, YES BANK said, “We believe Finnone Suite will provide us cutting edge capability in our business. Considering that YES BANK has no legacy issues, we will be able to quickly and efficiently rollout the system. We have witnessed a significant buildup of our Retail Banking and Wealth Management functions and will continue to strengthen them through our state-of-the-art Retail Banking platform nationally. We are confident that with Nucleus’ support and commitment, we will be able to strengthen our rapid business growth.”

Speaking on the occasion, Mr. Vishnu Dusad, CEO & Managing Director, Nucleus Software Exports Ltd. said, “We are proud to be associated with YES BANK, and are eager to partner with them in their endeavour to revamp their lending business. We are confident that we will be able to exceed expectations with our commitment and focus to provide world-class product and services to our clients. ”

FinnOne will be an effective tool for YES BANK in launching the Retail Banking operations.


About YES BANK:

YES BANK, India’s new age private sector Bank, is the outcome of the professional commitment of its Promoters, Rana Kapoor and Ashok Kapur, to establish a high quality, customer centric, service driven, private Indian Bank catering to “Emerging India”.

YES BANK has adopted international best practices, the highest standards of service quality and operational excellence, and offers comprehensive banking and financial solutions to all its valued customers. A key strength and differentiating feature of YES BANK is its knowledge driven approach to banking and an unprecedented customer experience for its retail and wealth management clients.

YES BANK is steadily building corporate and institutional banking, financial markets, investment banking,  business and transactional banking, retail and private banking business lines across the country. The Bank’s constant endeavour is to provide a delightful banking experience expressed with simplicity, empathy and totality

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