Nucleus Software wins new client in UAE

Nucleus Software Exports Limited, a global provider of integrated software products for banks and financial institutions, today announced that the National Bank of Umm Al Qaiwain, one of the leading financial institutions in UAE, has chosen Nucleus' award winning FinnOne Suite for its retail finance division, to power auto, personal and home loans.

United Arab Emirates: Monday, January 05 - 2009 at 15:06
PRESS RELEASE

    Dumped value of 'ID':
'180251';

Dumped value of 'images_loop':
[];

related stories

Nucleus Software RSS feed

» more Nucleus Software news

FinnOne, an internationally proven product solution, will provide the Bank with a comprehensive, powerful, and flexible system to support their loan origination process and help in delinquency management. Thereby, reducing turnaround time and efficiently filtering out bad debts to increase profitability and create a differentiated customer experience. FinnOne, with the centralized and controlled product designs, will allow for effective introduction of quick-to-market products and schemes best addressing this challenging environment.

Commenting on the newly found relationship, Mr. R.Ramachandra Iyer, Deputy General Manager of National Bank of Umm Al Qaiwain, said, 'We welcome Nucleus as our new technology partner and expect them to add value to the Bank's Retail Banking business.'

Mr. Vishnu R. Dusad, CEO and Managing Director, Nucleus Software Exports Limited, said:

'We are delighted to partner with National Bank of Umm Al Qaiwain. The Bank's decision to choose FinnOne to power their lending business is a proof that our product offers real value and a competitive advantage to our customers. We are indeed happy to see our client base grow in the UAE where believe we are strengthening our position as a preferred vendor.'

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, multicurrency, 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.

See Also

» Return on investment key as IT takes boardroom centre stage

» PlayStation Portable evolves to match the digital lifestyle

» Microsoft launches Netbook mouse

» Spectrum quadruples seismic processing capacity in Egypt

ADD ARTICLE TO
Facebook
LinkedIn
Digg

Index : Company News : Nucleus Software

Browse related articles

Today's most read articles:

Notes and media contacts

About National Bank of Umm Al Qaiwain:

The National Bank of Umm Al Qaiwain (NBQ) was established in 1982 and since then it has been consistently growing in assets and profits. It is currently offering retail, corporate and institutional banking services and also operates an Islamic banking window. NBQ has 16 branches across the Emirates, and have plans to expand further into other countries in the region. The Bank is listed on the Abu Dhabi Stock Market, and is among the leaders, in terms of market capitalization. It is well positioned to gain from the economic growth in the UAE, and in the neighboring GCC countries. It has an aggressive business plan to reinforce its presence in the region. The Government of Umm Al Qaiwain is the bank's major share holder since its inception besides other UAE major investors.

About Nucleus Software Export Limited:

Nucleus Software is a leading software powerhouse providing innovative and pioneering software solutions for Banks and Financial organizations globally. Nucleus Software offers a host of competitive IT solutions and consultancy services designed to support the whole spectrum of business offerings across retail banking, corporate banking, cards and cash management. With over 150 customers across the globe, the company is consistently innovating with cutting edge and industry driven products in the domain. Nucleus Software is listed on the National Stock Exchange and Bombay Stock Exchange in India.

For further information, please contact:

Niraj Vedwa
President
Head - Global Sales & Marketing
Nucleus Software Exports Limited
Phone: +91 - 120 - 2404050

Safia Khan
Nucleus Software Exports Limited
Phone: +91 - 120 - 2404050
Fax: +91 - 120 - 2403972

Posted by Siba Sami Ammari
Monday, January 05 - 2009 at 15:06 UAE local time (GMT+4)

Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.

Disclaimer:
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com

Any opinions, advice, statements, offers or other information expressed in this section of the AME Info Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AME Info Web site.

For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions