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Press Release

South African Company, Capital Harvest chooses Nucleus' FinnOneTM for its loan management

March 16, 2010 | Press Release
New Delhi, March 16, 2010: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, today announced that the South African company, Capital Harvest, has chosen its flagship & award-winning product*, FinnOne™, for its loan management. Capital Harvest is a Stellenbosch-based financial and business solutions company focused on the agricultural sector.

Capital Harvest is a fairly new organization with focus only on agriculture & products tailor made for agricultural needs. The company specializes in installment based loans, revolving credit & production finance for farmers.

“FinnOne™ was chosen because of its reputation and capabilities to help us get an advantage in the region. Implementing FinnOne™ will help us automate our internal systems and processes to reduce time to market, offer flexibility to internal operations, maximize the business and reduce turn around time for loan processes. We are in the agricultural lending business, and thus it becomes more important for us to ensure greater scrutiny in minimum time possible. Apart from the rich functionality, we are especially impressed with FinnOne™’s flexibility and scalability, which we feel is critical to our growth strategy.” said Mr. Johan Du Toit, MD, Capital Harvest.

The experience, know-how and dynamic approach of Capital Harvest has ensured significant penetration in the agricultural market in the Western Cape. Nucleus’ FinnOne™ Loan Management System (LMS) will be used at Capital Harvest for the entire loan servicing life cycle

Niraj Vedwa, COO, Nucleus Software said, “Africa is an important region for us and we are delighted that Capital Harvest chose our award-winning product for its loan management. Nucleus has always been a front-runner amongst the lending solutions providers across the globe and we are confident that our product will help Capital Harvest increase its market share in the region.”

About Capital Harvest

CAPITAL HARVEST (Pty) Ltd is a Stellenbosch-based financial and business solutions company focused on the agricultural sector.

Financial solutions are provided through a wide spectrum of financial products including long, medium and short-term loans, bridging finance, production finance, product-specific loans and specialized financial products developed for the agricultural sector

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