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April 26, 2010
| Press Release
New Delhi, April 26, 2010: Nucleus Software Exports, Limited (CEO: Vishnu R. Dusad; National Stock Exchange: Nucleus; Bombay Stock Exchange Code 531209; “Nucleus”) today announces that ACOM CO., LTD. (President and CEO: Shigeyoshi Kinoshita; Tokyo Stock Exchange Section 1, Code 8572; “ACOM”) has successfully completed implementation of Nucleus’s Credit Card Business Support package solution, and has cut over to the new system as planned. This new network connectivity and management system will make it possible for ACOM to quickly and flexibly maximize the effects of operational cost reductions in the placement of its ATMs and ACMs (automated contract machines), which are key strategic resources for the Company
In moving to this cutting-edge system utilizing a solution developed overseas, ACOM has dramatically enhanced the operational quality of its broad ATM/ACM network, including security and natural disaster backup environments
Nucleus also believes that the experience of working with largely overseas-led project management, in the process overcoming numerous challenges to successfully complete the implementation, will provide immeasurable benefits to ACOM’s own IT management going forward.
At the same time, Nucleus, in working with ACOM, one of Japan’s leading consumer loan companies, on this large-scale project since January of 2007, gained a valuable opportunity for better understanding Japanese workload standards, the market’s high expectations for quality in basic technology, architecture, design, and services, and the need to pay close attention to a client’s corporate environment and business culture. This experience will enable Nucleus to further enhance its competitiveness as it continues to pursue new opportunities worldwide, and thus represents a valuable investment in its business
Nucleus is also proud of the strong relationship it has developed with ACOM, as they have worked together constructively to address the not inconsiderable challenges faced over the three-year span of the project.
Mr. Vishnu R. Dusad, CEO and Managing Director, commented about the success of the effort: “Nucleus continuously works to understand and address its clients’ issues, and to remain sensitive to the needs of those clients. We are extremely happy that, through this implementation of our package solution, ACOM has been able to achieve the benefits it desired, enabling us to contribute to the further growth of ACOM’s business.”
Going forward, Nucleus will provide ACOM with continuing technology support services to ensure the ongoing maintenance of the New Network Connectivity and Management System, and its future development.
About ACOM CO., LTD.
Phone: +91-9818363518 | +91-8375969143
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ACOM Cuts Over to New Connectivity System for ATMs/ACMs Using Software Package from Nucleus Software
In moving to this cutting-edge system utilizing a solution developed overseas, ACOM has dramatically enhanced the operational quality of its broad ATM/ACM network, including security and natural disaster backup environments
Nucleus also believes that the experience of working with largely overseas-led project management, in the process overcoming numerous challenges to successfully complete the implementation, will provide immeasurable benefits to ACOM’s own IT management going forward.
At the same time, Nucleus, in working with ACOM, one of Japan’s leading consumer loan companies, on this large-scale project since January of 2007, gained a valuable opportunity for better understanding Japanese workload standards, the market’s high expectations for quality in basic technology, architecture, design, and services, and the need to pay close attention to a client’s corporate environment and business culture. This experience will enable Nucleus to further enhance its competitiveness as it continues to pursue new opportunities worldwide, and thus represents a valuable investment in its business
Nucleus is also proud of the strong relationship it has developed with ACOM, as they have worked together constructively to address the not inconsiderable challenges faced over the three-year span of the project.
Mr. Vishnu R. Dusad, CEO and Managing Director, commented about the success of the effort: “Nucleus continuously works to understand and address its clients’ issues, and to remain sensitive to the needs of those clients. We are extremely happy that, through this implementation of our package solution, ACOM has been able to achieve the benefits it desired, enabling us to contribute to the further growth of ACOM’s business.”
Going forward, Nucleus will provide ACOM with continuing technology support services to ensure the ongoing maintenance of the New Network Connectivity and Management System, and its future development.
About ACOM CO., LTD.
| Company Name | ACOM CO., LTD |
| Head Office | Meiji Yasuda Seimei Bldg. 1-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100-8307, Japan |
| President & CEO | SHIGEYOSHI KINOSHITA |
| Established | April 02, 1936 |
| Incorporated | October 23, 1978 |
| Paid-in Capital | 63.8 billion yen |
| Number of Employees | 2,768 |
| Stock Listing | First Section of Tokyo Stock Exchange |
| Business Outline | Loan Business Credit Card Business Loan Guarantee Business |
About Nucleus Software
Nucleus Software Exports Ltd. is a publicly traded (BSE: 531209, NSE: NUCLEUS), software product company that provides lending and transaction banking products to global financial leaders.
Nucleus Software powers the operations of more than 200 Financial Institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas. Its products facilitate more than 26 million transactions each day, managing over US $ 200 billion of loans and enabling more than 300,000 users logging in daily.
Nucleus Software’s flagship products, built on the latest technology are:
Nucleus Software powers the operations of more than 200 Financial Institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas. Its products facilitate more than 26 million transactions each day, managing over US $ 200 billion of loans and enabling more than 300,000 users logging in daily.
Nucleus Software’s flagship products, built on the latest technology are:
- FinnOne NEOTM : The next-generation digital lending solution that is built on an advanced technology platform, designed to shape the future of lending across Retail, Corporate and Islamic sectors for banks and other financial service companies. The 10 time winner of ‘World’s Best Selling Lending Solution’, helps digitize the complete loan lifecycle.
- 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.
- PaySeTM : The world's first online & offline digital payment solution designed and created with an aim to democratize money by making banking services available to the unbanked in remote geographies.
For more information, please visit : http://www.nucleussoftware.com
For Media related information, please contact:
Sunil Kumar Singh / Kiran Hans Khowal
Finese PR
Email: nucleus@finesepr.comPhone: +91-9818363518 | +91-8375969143
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