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Press Release

Centurion Bank of Punjab* selects Nucleus Software's applications

October 19, 2005 | Press Release
Nucleus Software (NSE: NUCLEUS), a leading global provider of next generation software products for banking and financial sector, today announced that Centurion Bank of Punjab will implement Nucleus Software’s Loan Origination System (LOS), Lending (Loan Management System) & Collections for its Retail Banking business. With its merger with Bank of Punjab, Centurion Bank of Punjab is one of the most widely networked banks of India today & has attained an unparalled edge in customer service & tech savvy innovation.

The replacement of the bank's former applications with the Nucleus Software’s product suite was a big step in the bank’s initiative to augment its entire IT infrastructure. This change is seen as a crucial step towards achieving leadership in the Retail banking division by the new management at Centurion Bank of Punjab. The new system will allow Centurion Bank of Punjab to respond to customer needs faster, as well as offer a greater breadth of products and services.

“As part of our business strategy we have taken a fresh look at the current business operations and efficiencies at the bank, with a focus on leadership in the Retail banking space. The new software implementation across branches, will enable us to further enhance our customer service efficiency and gain momentum towards a leadership position,” said Vivek Vig, Country Head, Retail Bank, Centurion Bank of Punjab. We chose Nucleus’ Software applications as it enjoys a global recognition in the industry and is an ideal choice for driving profitable business growth.

Commenting on this client win Mr. Vishnu Dusad, Managing Director, Nucleus Software Exports Limited said, “We are extremely delighted to partner with one of the leading banks in the industry today. This selection is also a reflection of Nucleus Software being the preferred choice among world’s leading banking & financial institutions.”

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