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Nucleus Software Bags Contract from First Bank of Nigeria

August 3, 2006
MUMBAI: Nucleus Software Exports Ltd announced on Thursday that First Bank of Nigeria (FBN), one of the largest banks in Africa, selected the company's flagship solution - FinnOne CAS, a lending and collections suite. This solution will be implemented ac ross 350 branches in the West African region.

The order marks the company's entry into the African banking industry. With this implementation, First Bank will overhaul its entire credit and loan operations across the country.

FinnOne is an integrated suite of applications designed to support the whole spectrum of business of banks and financial companies.

FinnOne CAS automates and manages the complete application processing flow for retails/ corporate financing as well as cards, allowing banks to integrate the different touchpoints in their supply chain for acquisition prospecting and predisbursal processing.

"First Bank is the largest bank in Nigeria and this order stands testimony to our commitment to the market," said Mr Vishnu Dusad, Managing Director, of the company.