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Press Release

Nucleus Software to participate in MEFTEC 2004

November 8, 2004 | Press Release
Nucleus Software Exports Limited (NSE: NUCLEUS), a leading global provider of next generation software products for the banking and financial sector, today announced that the company will be exhibiting its vast line of tailor-made banking products for the Middle East market at MEFTEC, the region's largest dedicated trade exhibition, during November 23-24, 2004 in Bahrain.

Already a strong contender in the Middle-East Banking and Financial services and products space, Nucleus will be exhibiting its tailor made solutions like LOS/Lending/Collection/Cash and BankOnet for the Islamic Banking market.

Speaking on the announcement, Mr. Vishnu Dusad, Managing Director, Nucleus Software Exports said, 'We believe that every customer's requirements are different, thus, in order to offer our customers with the best local practices, we have built products that supports various languages including Arabic. We have incorporated product features that cater to the specific requirements of the Islamic Countries, like the ability to handle Islamic Banking and support the Hijri calendar.'

Speaking on participation in MEFTEC 2004, Vishnu added, 'MEFTEC offers an unrivalled opportunity for vendors and suppliers of cutting-edge financial solutions to tap into a burgeoning market. This is a perfect opportunity to build and strengthen relations in the Middle East as it is an important market for us, considering that the total spending by Middle East banks in 2003 has gone up to $1 billion and the figures are still surging.'

The Middle East financial sector, which includes more than 600 financial institutions, continues to grow and is an important market for the BFSI segment. In Bahrain alone, the number of financial institutions jumped from 327 at the end of 2002 to 357 by December 2003.

Log in to request more information from Nucleus Software Related site: https://www.nucleussoftware.com Notes and media contacts About MEFTEC MEFTEC is the only pan-Middle East international forum where financial services and technology leaders meet to learn, network and do business. The event is vertically focused on the financial services IT sector, and targets specialist financial services IT providers and top industry buyers, who are primed to purchase at the highest level. MEFTEC brings together a world of ideas and thought leaders, expert analysts and winning practitioners and Middle East's only largest dedicated trade exhibition for financial services technology. This trade fair will witness over 18 participating countries and over 600 financial houses.


Notes and media contacts

About MEFTEC
MEFTEC is the only pan-Middle East international forum where financial services and technology leaders meet to learn, network and do business. The event is vertically focused on the financial services IT sector, and targets specialist financial services IT providers and top industry buyers, who are primed to purchase at the highest level. MEFTEC brings together a world of ideas and thought leaders, expert analysts and winning practitioners and Middle East's only largest dedicated trade exhibition for financial services technology. This trade fair will witness over 18 participating countries and over 600 financial houses.

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