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Press Release

Nucleus Software's FinnOneTM goes live at Bussan Auto Finance India

May 2, 2008 | Press Release
New Delhi, May 2, 2008 Nucleus Software (NSE: NUCLEUS, BSE: NUCLEUSSOFT), a leading global provider of next generation software products for banking and financial sector, today announced that FinnOne™ Suite has gone live at Bussan Auto Finance India. Nucleus has implemented FinnOneTM Customer Acquisition System, Loans Management System, Collections and General Ledger System.

Bussan Auto Finance India Pvt. Ltd. is a newly established finance company promoted by Bussan Automotive Singapore Pte. Ltd, Yamaha Motors Asia Pte. Ltd. in Singapore and Axis Bank Ltd. in India. As a new start up, Bussan Auto Finance India was looking at a comprehensive solution to cater to end-to-end needs of its automotive lending business. FinnOne™ Customer Acquisition System, Lending, Collections, and General Ledger was the best fit looking at the proficiency in automating, consolidating and providing operational excellence in the lending business for the entity. FinnOne™ Suite will provide Bussan Auto Finance India a strategic advantage by ensuring reduced turn around time in processing and disbursing loans, managing its delinquent customers.

Commenting on the selection, Mr. Shigeo Enomoto Chairman and Managing Director, Bussan Auto Finance India Pvt Ltd said, An in-depth understanding of the banking and financial services industry and expertise in managing the requirements of automotive financing companies from lending perspective had prompted us to forge this alliance with Nucleus. With FinnOne™ going live at Bussan Auto Finance India, we are pleased to offer our customers world class services with a great operational excellence across our lines of business.”

Vishnu R. Dusad, CEO & Managing Director, Nucleus Software said, “Non Banking Financial institutes across the globe are revamping their technology infrastructure rapidly, and Nucleus is strongly positioned to help them refurbish their operations to be at par with global conglomerates. We are confident that with successful implementation of FinnOne™ at Bussan Auto Finance, we will be able to augment the company’s growth by playing a pivotal role as their technology partner”.

About Bussan Auto Finance India Pvt Ltd.

Bussan Auto Finance India Pvt. Ltd. is a newly established finance company promoted by Bussan Automotive Singapore Pte. Ltd, Yamaha Motors Asia Pte. Ltd. in Singapore and Axis Bank Ltd. 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