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Press Release

Arab Bank selects Nucleus Software as its global banking solutions partner

September 19, 2005 | Press Release
New Delhi, September 19, 2005: Nucleus Software (NSE: NUCLEUS), a leading global provider of next generation software products for banking and financial sector, today announced that it has signed the contract with Arab Bank, Jordan, to implement Nucleus’ Loan Originating System (LOS), Collections and Lending Solution for Retail and Corporate Customers. The bank has chosen Nucleus Software’s flagship product for a global implementation.

Based on a web-based module, LOS will act as a front end to lending systems of Arab bank. This solution completely automates and manages the complete application processing flow of any retail finance instrument. It will serve retail and corporate customers.

FinnOne™ Collection provides framework to track and recover money from delinquent customer, with facilities like case allocation, case escalation, contact recording and litigation tracking.

FinnOne™ Lending assists Banking and Finance companies in introducing new product offerings and tailor made schemes, reducing time-to-market and automating processes within the retail loan space. Commenting on the selection, Mr. Omar Agha, Deputy Head of IT Global for Arab Bank said, “Automating the loan application process across the bank will improve our time-to market and yield several operational efficiencies as well. The selection of FinnOne as the enterprise-wide lending solution came as a result of an extensive market survey and a through evaluation process. Nucleus expertise and specialization in serving financial institutions was a key factor in our decision”

Commenting on the announcement, Vishnu R. Dusad, Managing Director, Nucleus Software Exports Limited said, "With this order, Nucleus has further consolidated its position in the Middle East banking space. We are proud to be associated with leading banking and financial institutions. These relationships stand testimony to our vision of being a leading player in the global banking products arena.

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