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Press Release

FinnOneTM Goes Live At Bank Of the Philippine Islands

January 17, 2008 | Press Release
New Delhi, January 16, 2008: Nucleus Software (NSE: NUCLEUS, BSE: NSEL) today announced that its FinnOne™ Loan Origination System has gone live at Bank of the Philippine Islands. The solution, which went live in a remarkably short turnaround time, will significantly improve the banks efficiency by automating the front-end consumer lending process and enhance its customer relationships across the country.

Bank of the Philippine Islands (BPI) is the third largest commercial bank in the Philippines in terms of assets. Selected after a thorough evaluation of the various system proposals, Nucleus’s FinnOne™ will offer a specialized loan origination system with flexible features that will allow changes in accordance with policy updates and user requirements. The FinnOne™ Loan Origination System, named as BPI’s Automated Loans Front-End System (ALFES), will allow the bank to integrate the different touch-points in their supply chain for acquisition prospecting, pre-disbursal processing and loan booking. The system will take the acquisition from the first contact, to application form acceptance, its workflow through various stages, queue management, deviation management, user management and access controls, right up to the reject/approval decision for the disbursement and loan booking.

ALFES will help BPI in the effective tracking of consumer loans applications, timely disbursements and swift decision-making, thus contributing to better-cost management and aiding in the bank’s overall success.

"We are delighted to see FinnOne™ successfully powering the aggressive retail banking focus at the Bank of the Philippine Islands. The region continues to be a key focus area for Nucleus and we are certain that our proficiency in technology and the wide acceptance of our solutions across markets will help BPI reaffirm its position in the region and build formidable reputation among its customers." said Vishnu R. Dusad, CEO & Managing Director, Nucleus Software.

BPI is also using FinnOne™ Collections and Credit Card application processing system from Nucleus Software. With over 25 product installations in more than 10 banks, Nucleus Software has strengthened its leadership position in Philippines banking industry. FinnOne™ is a global player in the banking solutions space and has successful implementations in Asia-Pacific, Middle East, Africa, Europe & US. 

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