October 05, 2011: Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, today announced the successful implementation of FinnOne™ at the headquarters of BankMuscat, the leading financial services provider in the Sultanate of Oman. The bank selected Nucleus' FinnOne™ Collections module to do away with any manual intervention in the collections process and improve operational efficiencies across the collections operations.
With assets worth over USD 15 billion, BankMuscat (SAOG) is the leading financial services provider in Oman. It offers retail and corporate loans, auto loans, home loans and credit cards. BankMuscat selected FinnOne™ Collections because of its state-of-the-art modules and Nucleus' vast implementation experience.
Abdul Kader Al Balushi, Group DGM - Credit, BankMuscat, said: "Such projects require constant support and involvement from the supplier organisation. We believe that Nucleus Software will be able to match our expectations and partner with us in our growth by optimising our operational efficiencies across the collections operations. We chose FinnOne™ as it enjoys an excellent track record for comprehensive functionalities of its modules."
Mr. Vishnu R. Dusad, CEO & MD, Nucleus Software Exports Limited said: "BankMuscat's successful implementation of FinnOne™ is yet another endorsement of our leadership in the lending technology space. With our unstinted focus on IPR creation and technology enhancement, we have been successful in equipping the banks and financial institutions with the best technologies to enhance their competitive edge and customer focus."
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About BankMuscat
With assets worth over USD 15 billion, BankMuscat (SAOG) is the leading financial services provider in Oman with a strong presence in Corporate Banking, Retail Banking, Investment Banking, Treasury, Private Banking and Asset Management. Firmly positioned with over 1.3 million satisfied customers, the Bank has the largest network of 130 branches, 520 ATM/CDMs and 5300 PoS terminals offering superior levels of banking convenience and connectivity.
About Nucleus Software Exports 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 spanning 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:
Asma Maqbool Ahmed
Manager- Public Relations
Phone: 24 786 182
Email: asma.maqbool@ws-mena.com
Shruti Bhargava
Nucleus Software Exports Ltd
Phone: +91 - 120 - 4031400
Mobile:+91-9990340977
Email:shruti.bhargava@nucleussoftware.com
© Press Release 2011
