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Press Release

Nucleus Software provides retail finance solution to Cholamandalam DBS

June 30, 2006 | Press Release
New Delhi, June 30, 2006: Nucleus Software Exports Limited (NSE: NUCLEUS), a leading global provider of the next generation software products for the banking and financial services sector today announced the implementation of its Customer Acquisition System (CAS), Lending and Collections Solution – FinnOneTM Suite - at Cholamandalam DBS Finance Limited (Cholamandalam DBS), a financial services joint venture between the Rs 7,300 crore Murugappa Group and DBS Bank of Singapore.

According to Vishnu Dusad, Managing Director, Nucleus Software, “The solution e-enables the credit, back-office and collections operations of Cholamandalam DBS. Some of the key features of FinnOneTM include, the ability to ascertain the credit-worthiness of new customers, based on their past financial relationship with Cholamandalam DBS; integrated workflow that ensures standardized stage-by-stage process flows; status updates to the process owner for every stage of the process; and access to all users including Direct Selling Agents (DSAs) through a web portal.”

Cholamandalam DBS, along with its subsidiaries offers personal loans, automobile finance, corporate finance, mutual funds, and investment advisory and securities services.

Vishnu Dusad said, “We are very excited and confident of our current position in the retail banking market and our recent wins stand as testimony to our leadership in this dynamic and fast-growth market. We look forward to a long-term business relationship with Cholamandalam DBS, aided by our deep understanding of the retail finance market.”

Atul Pande, Managing Director, Cholamandalam DBS said, “Cholamandalam DBS recently launched its retail finance business. Service excellence is vital to grow and sustain growth momentum in this highly competitive sector. We hope FinnOneTM will help us achieve desired turnaround times on customer queries, by way of process support. We are confident that this solution will also provide us the support to explore new product and market domains.”

Nucleus and its flagship product FinnOneTM the “8th Highest Seller in Global Banking Back Office Systems” (IBS Publishing, London, 2005) has had over 200 successful implementations across the globe. With presence in regions spanning APAC, Europe, Middle East, Africa and America, the Company’s client base includes leading names in the banking and financial services industry.

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