January 14, 2009
| Press Release
New Delhi, January 14, 2009
Nucleus Software's FinnOneTM Automates Loan Process for SMEs at Bank Internasional Indonesia.
: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, today announced that its award winning product FinnOne™ has gone live at Bank Internasional Indonesia (BII) and will power over 235 branches of the bank. Nucleus’ FinnOne™ has empowered the bank with its Customer Acquisition System (CAS) module to automate loan processes for Small and Medium enterprises (SME).
BII chose Nucleus’ - FinnOne™ CAS to provide support on customer acquisition for SME so as to increase the applications sourced per day and streamline processes for customers. This state of the art solution will help speed up BII’s loan business making it one of key players in SME business in Indonesia.
The FinnOne™ solution will help the bank efficiently manage its credit; risk management and SME finance operations across Indonesia and provide greater turnaround time, credit scoring and targeted funding for SMEs.
Commenting on the selection, Sukatmo Padmosukarso, Deputy President Director of BII, said, “By implementing Customer Acquisition System provided by Nucleus, our SME loan processing nation wide can be executed through the system. The usage of CAS will increase efficiency particularly for loan proposed from the branches outside Jakarta regions. As SME sector is one of the Bank’s target business segments, CAS implementation will support the growth in this sector”.
Vishnu R. Dusad, CEO & Managing Director, Nucleus Software, said, “Nucleus Software is an IPR led company and keeping in view the dynamic business environment our focus has always been on aligning the intellectual capital with global financial markets. We are delighted to partner with BII and believe that our flagship product FinnOneTM combined with the comprehensive services offering will offer a truly differentiating proposition to the bank. This win reiterates our leadership position as a banking software product provider and further confirms our commitment to the banking industry. ”
FinnOne™, the flagship product of Nucleus Software, is a powerhouse of seamlessly integrated applications, designed to provide operational support, risk management and decision-making support to banks and financial services companies. The FinnOne™ suite provides solutions for the asset as well as liability sides of business in addition to account management, core financial accounting, risk management, document management, and customer services. FinnOne™ also supports multi-branch, multi-currency, multi-product, and bi-lingual implementations. FinnOne™ focuses on both, retail and corporate loans, thereby emerging as a comprehensive solution to back any line of the lending business. FinnOneTM has been ranked amongst world's best selling lending software products for three consecutive years by IBS Publishing, 2008. About Bank Internasional Indonesia (BII):
BII is one of the largest banks in Indonesia with an international network that comprises over 235 branches and 725 BII’s ATMs across Indonesia, and also connected with more than 20,000 ATMs under ATM PRIMA, ATM BERSAMA, ALTO, CIRRUS and Singapore’s DBS/POSB Bank ATM network, as well as a banking presence in Mauritius, Mumbai and the Cayman Islands. With a total customer deposit base of Rp42 trillion and over Rp57 trillion in assets, BII provides full range of financial services through its branch and ATM network, phone banking and internet banking channels. BII is listed on the Indonesia Stock Exchange (BNII) and is active in SME/Commercial, Consumer and Corporate banking. BII provides products and services to medium and commercial size enterprises and individuals with credit cards, mortgages, deposit, lending, and wealth management services. Corporate clients are provided with services in trade finance, cash management, lending, custody, and foreign exchange