September 14, 2006
Nucleus Software - Lippo Bank Partners to Overhaul its Lending
Nucleus Software Exports Ltd on September 13, 2006 has announced winning a contract with Lippo Bank, Indonesia. Lippo Bank is one of the largest private sector banks in Indonesia. The Company will be implementing its FinnOneTM LOS, FinnOneTM Collections & Recovery Management System solutions across the bank's 396 branches.
Currently the bank provides a "one-stop" banking services, in retail, consumer and commercial segments, international products and attractive investment instruments for its individual and corporate customers with the total of more than 2.9 million accounts. Unsecured & Secured Lending Division Risk, Collections & Recovery Division. With the Company, the bank will gain the advantage of enhancing their operations, resulting in easy interoperability across branches and developing efficient workflow systems in their lending business.
FinnOneTM LOS automates and manages the complete application processing flow of any retail finance instrument be it auto loans, personal loans, home loans, credit cards or even services related applications.
FinnOneTM Collections system manages the entire collections and focuses on tracking and managing delinquent customers helping organisations in minimizing delinquencies through a series of proactive actions and higher supervision. A unique platform that comes loaded with add-on modules, supporting any phase of distressed receivable lifecycle and enabling powerful recovery management.
Commenting on the win, Vishnu R Dusad, Managing Director, the Company said, "We have had a very strong presence in the South East Asian market for a long time now. Our continual effort at providing world-class tailored solutions to our clients has helped us earn the confidence of most major banking institutions in thes. com market. This win is just another step in reiterating our leadership position in the South East Asian region".
The Company with its flagship product FinnOneTM today has over 124 clients across the globe. It is a fact growing player with a leadership position in regions spanning APAC Europe, Middle East, Africa, and America. The Company, today, commands leadership position in the domestic retail banking space with client spanning among most leading banks in India.
Source: Equity Bulls