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Press Release

BankMuscat goes live on Nucleus Software's FinnOneTM To Optimize its Collections Process

October 5, 2011 | Press Release
New Delhi, India, October 05, 2011: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, today announced the successful implementation of FinnOne™ at  the headquarters of BankMuscat, the leading financial services provider in the Sultanate of Oman. The bank selected Nucleus' FinnOne™ Collections module to do away with any manual intervention in the collections process and improve operational efficiencies across the collections operations. 

With assets worth over USD 15 billion, BankMuscat (SAOG) is the leading financial services provider in Oman. It offers retail and corporate loans, auto loans, home loans and credit cards. BankMuscat selected FinnOne™ Collections because of its state‐of‐the‐art modules and Nucleus’ vast implementation experience.

Abdul Kader Al Balushi, Group DGM ‐ Credit, BankMuscat, said: “Such projects require constant support and involvement from the supplier organisation. We believe that Nucleus Software will be able to match our expectations and partner with us in our growth by optimising our operational efficiencies across the collections operations. We chose FinnOne™ as it enjoys an excellent track record for comprehensive functionalities of its modules.”

Mr. Vishnu R. Dusad, CEO & MD, Nucleus Software Exports Limited said: “BankMuscat’s successful implementation of FinnOne™ is yet another endorsement of our leadership in the lending technology space. With our unstinted focus on IPR creation and technology enhancement, we have been successful in equipping the banks and financial institutions with the best technologies to enhance their competitive edge and customer focus.”

About BankMuscat
With assets worth over USD 15 billion, BankMuscat (SAOG) is the leading financial services provider in Oman with a strong presence in Corporate Banking, Retail Banking, Investment Banking, Treasury, Private Banking and Asset Management. Firmly positioned with over 1.3 million satisfied customers, the Bank has the largest network of 130 branches, 520 ATM/CDMs and 5300 PoS terminals offering superior levels of banking convenience and connectivity.

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