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Press Release

Lippo Bank partners with Nucleus Software to overhaul its lending operations

September 3, 2006 | Press Release
New Delhi, India, September 13, 2006: Nucleus Software (NSE: NUCLEUS), a leading global provider of next generation software products for banking and financial sector today announced, winning a contract with Lippo Bank, Indonesia. Lippo Bank is one of the largest private sector banks in Indonesia. Nucleus will be implementing its FinnOneTM LOS, FinnOneTM Collections & Recovery Management System solutions across the bank’s 396 branches.

Currently, the bank provides a "one-stop" banking services, in retail, consumer and commercial segments, international products and attractive investment instruments for its individual and corporate customers, with the total of more than 2.9 million accounts. Unsecured & Secured Lending Division, Risk, Collections & Recovery Division.

With the Nucleus Software solution, the bank will gain the advantage of enhancing their operations, resulting in easy inter-operability across branches and developing efficient workflow systems in their lending business.

Finn One™ LOS automates and manages the complete application processing flow of any retail finance instrument, be it auto loans, personal loans, home loans, credit cards or even services related applications.

FinnOne™ Collections system manages the entire collections and focuses on tracking and managing delinquent customers helping organizations in minimizing delinquencies through a series of proactive actions and tighter supervision. A unique platform that comes loaded with add-on modules, supporting any phase of distressed receivable lifecycle and enabling powerful recovery management.

Commenting on the win, Vishnu R. Dusad, Managing Director, Nucleus Software Exports Limited said, “We have had a very strong presence in the South East Asian market for a long time now. Our continual effort at providing world-class tailored solutions to our clients has helped us earn the confidence of most major banking institutions in the market. This win is just another step in reiterating our leadership position in the South East Asian region.”

Nucleus with its flagship product FinnOne today has over 124 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