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Press Release

Nucleus Software Accredited with the Highest Lending Deals in 2010 by an Independent Research Firm

June 22, 2011 | Press Release
New Delhi, India, June 22, 2011: Nucleus Software Exports Limited (NSE:NUCLEUS, BSE:531209), a leading global provider of integrated software products for banks and financial institutions, today announced that it is the vendor with the highest number of lending deals for the year 2010 as per the May 2011 survey by Forrester Research, Inc. In continuation to its Global Banking Platform series of reports, Forrester has for the first time analyzed deals with dedicated Lending capabilities. The research report surveyed 23 vendors of globally deployed banking platforms on their 2010 deals. 
 
The focus of this part of the report was loan management/servicing and hence solutions with related capabilities including loan origination, collections, syndicated lending, loan trading, and Islamic lending were not considered. Nucleus software bagged 10 deals out of the 41 accomplished together by the top nine global banking platform vendors identified with dedicated lending capabilities

Vishnu R. Dusad, CEO & MD, Nucleus Software, said, “After being recognized as a ‘Global Pursuer’ earlier this year, we are pleased to be    identified as the vendor with the highest number of lending deals for the year 2010 by Forrester Research. We believe this finding not only reveals the growing demand of our products worldwide, it also highlights our inclination to surpass expectations and establish India's global leadership in the Banking Technology and Financial Software industry. In addition to expanding our reach in developed economies, we will continue to develop our client portfolio in the untapped markets.” 


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