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Press Release

Development Credit Bank chooses Nucleus Software as its technology partner

February 9, 2007 | Press Release
India, New Delhi, February 9, 2007: Nucleus Software Exports Limited (NSE: NUCLEUS), a leading global provider of the next generation software products for banking & financial sector, today announced that Development Credit Bank Limited (DCB) has selected Nucleus Software’s FinnOne for its retail banking operations. This solution will be implemented across all of DCB’s 72 branches nation-wide.

DCB’s adoption of FinnOneTM indicates the Bank’s move towards ramping up its loan origination, loan management and collections operations within the retail-banking sector. With this implementation, DCB plans to streamline its retail assets division by ensuring anytime, anywhere access, and ease in operations and instant information for its sales, credit and operations teams.

FinnOneTM suite of products assists in introducing new product offerings and tailor made schemes thereby reducing time-to-market and automating processes. The solution further automates and manages the complete application processing flow for Retail Financing, allowing banks to integrate different touch-points in their supply chain enabling efficient, timely services to customers.

“Retail banks are evolving to keep pace with the changing financial services scenario. Strong technology offerings remain critical not only to customer acquisition and retention but also to global competitiveness. We are pleased to be partnering DCB in successfully enhancing their retail operations and customer satisfaction.” stated Vishnu Dusad, CEO, Nucleus Software Exports Limited.

On the occasion, Mr. Parag Patankar, Chief Operations & Technology Officer, DCB said, “We are happy to partner with Nucleus Software, a leader in the retail banking technology segment, in our quest to provide to our customers a high quality of customer service by using straight through processing. We look forward to Nucleus software leveraging understanding of the banking domain to deliver to DCB a robust, scalable, secure and flexible platform that supports our retail banking thrust.

Nucleus with its flagship product FinnOneTM today has over 134 clients across the globe. It is a fast - growing player with a leadership position in regions spanning APAC, Europe, Middle East, Africa, and America. Nucleus, today, commands leadership position in the domestic retail banking space with clients spanning among most leading banks in India.

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