January 16, 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 its award winning product FinnOne has gone live at Bank Internasional Indonesia (BII) and will power over 235 branches of the bank.
Bank Internasional Indonesia Goes Live with Nucleus Software™s FinnOneTM Solution
Nucleus' FinnOne has empowered the bank with its Customer Acquisition System (CAS) module to automate loan processes for Small and Medium enterprises (SME).
BII chose Nucleus' - FinnOne CAS to provide support on customer acquisition for SME so as to increase the applications sourced per day and streamline processes for customers. This state of the art solution will help speed up BII's loan business making it one of key players in SME business in Indonesia.
The FinnOne solution will help the bank efficiently manage its credit; risk management and SME finance operations across Indonesia and provide greater turnaround time, credit scoring and targeted funding for SMEs.
Commenting on the selection, Sukatmo Padmosukarso, Deputy President Director of BII, said, "By implementing Customer Acquisition System provided by Nucleus, our SME loan processing nation wide can be executed through the system. The usage of CAS will increase efficiency particularly for loan proposed from the branches outside Jakarta regions. As SME sector is one of the Bank's target business segments, CAS implementation will support the growth in this sector".
Vishnu R. Dusad, CEO & Managing Director, Nucleus Software, said, "Nucleus Software is an IPR led company and keeping in view the dynamic business environment our focus has always been on aligning the intellectual capital with global financial markets. We are delighted to partner with BII and believe that our flagship product FinnOne combined with the comprehensive services offering will offer a truly differentiating proposition to the bank. This win reiterates our leadership position as a banking software product provider and further confirms our commitment to the banking industry. "
FinnOne, the flagship product of Nucleus Software, 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 multibranch, 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. FinnOne has been ranked amongst world's best selling lending software products for three consecutive years by IBS Publishing, 2008.