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.
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Nucleus Software to participate in MEFTEC 2004
- Bahrain: Sunday, November 07 - 2004 at 12:27
- 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.
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Notes and media contacts
About MEFTECMEFTEC 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 Export Limited:
Nucleus Software, established in 1986, has been providing innovative & pioneering Products & Customized Software Solutions with focus on the Banking & Financial services Sector. With Global Presence & development centers, Nucleus has developed solutions in Retail banking, Corporate banking, Credit Card, CRM, ATM, FX Trading, Credit Appraisal, Cash Management, Trade Finance, Workflow, EAI, Relationship Banking, E-Commerce, M-Commerce.
Nucleus Products:
• The FinnOne Suite
• Loan Origination System (Application Processing System)
• Lending (Loan Management System)
• LiquiDeposits (Deposits Management System)
• FAS (Finance Against Securities)
• Collections (Delinquency Management)
• General Ledger (Financial Accounting System)
• PowerCARD (Credit Card System)
• ReQueSt (Query Logging & Tracking System)
• Integrator (Middleware Solution)
• @ware (Alert Management and Mobile Banking System)
• Cash@Will (Cash Management System)
• Trade Facto (Trade Finance System)
• CcAPS (Credit Card Application Processing System)
• FMS (Fraud Management System)
For further information, please contact:
Kruti Mehta Arora
20:20 MEDIA
Ph: 91-11-2619 6144-47
Niraj Vedwa
Nucleus Software Exports Ltd.
Ph: 91-9810071075
Posted by Anne-Birte Stensgaard, Senior News EditorSunday, November 07 - 2004 at 12:27 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.
This article was updated on Wed Mar 14 2007.
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