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Press Release

AmBank Selects Nucleus Solution to revamp its Cash Management Operations

May 22, 2006 | Press Release
New Delhi, May 19, 2006: Nucleus Software today announced that AmBank has selected its Cash Management banking solutions to empower its product “AmBiz-CashPro”. This implementation enables AmBank to enhance its products’ efficiency and reduce costs of business customers in their day-to-day routine cash management tasks. The implementation will cover the entire spectrum of activities for the bank, which includes receivables management, payables management, liquidity management and corporate internet banking.

The bank will now be able to enhance their current cash management product ”Am-Biz CashPro” to compete with foreign banks operating in Malaysia with the broad coverage of AmBank’s nationwide branch network.

The Cash management system will also help AmBank improve its revenue, maximize profits, minimize costs, and establish efficient management systems to assist and accelerate growth.

Commenting on the latest win, Vishnu Dusad, Managing Director, Nucleus Software, said, “This implementation reiterates our leadership in the South East Asian market and also showcases the trust that our clients place in our solutions. Our differentiation of being a focussed banking solutions provider makes us the premium choice for customers across the banking & financial industry.”

Andre Lee, Head of AmBank’s Cash & Trade Services Management said, “In today’s environment, a lot of companies are saddled with the tedious and mundane activities related to transaction processing, for example, cheque payment preparation. Through our services, specifically through AmBiz-CashPro, we are able to provide customers with not only a costeffective solution to transaction processing, but also free up their resources to concentrate on core business activities such as sales and customer service.”

Nucleus with its flagship product FinnOneTM today has over 124 clients across the globe. It is a fast - growing player with a leadership position in regions spanning APAC, Europe, Middle East, Africa, and America.

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 200,000 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.com
Phone: +91-9818363518 | +91-8375969143