Nucleus implements finance solution at Cholamandalam DBS | india | Hindustan Times
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Nucleus implements finance solution at Cholamandalam DBS

Nucleus Software Exports has implemented its retail finance solution at Cholamandalam DBS Finance Ltd.

india Updated: Jun 30, 2006 13:45 IST

Nucleus Software Exports Ltd on Friday said it has implemented its retail finance solution at Cholamandalam DBS Finance Ltd (Cholamandalam DBS).

"We are very excited and confident about our current position in the retail banking market and our recent wins stand as testimony to our leadership in this dynamic and fast-growing market. We look forward to a long-term business relationship with Cholamandalam DBS, aided by our deep understanding of the retail finance market," Nucleus Software Exports Managing Director Vishnu Dusad said.

The customer acquisition system, lending and collections solution -- FinnOne Suite -- would help in the credit, back-office and collections operations of Cholamandalam DBS, Nucleus Software informed the Bombay Stock Exchange.

Some of the key features of FinnOne include, the ability to ascertain the credit-worthiness of new customers, based on their past financial relationship with Cholamandalan DBS, standardised stage-by-stage process flows, status updates to the process owner for every stage of the process and access to all users through a web portal, it added.

Cholamandalam DBS, along with its subsidiaries offers investment advisory and securities services and loans.

FinnOne had over 200 successful implementations across the globe with presence in Europe, Middle East, Africa and America.

The shares of the company were trading at Rs 305.60, up 1.82 per cent on the BSE.

Atul Pande, Managing Director, Cholamandalam DBS said, "Cholamandalam DBS recently launched its retail finance business. Service excellence is vital to grow and sustain growth momentum in this highly competitive sector. We hope FinnOneTM will help us achieve desired turnaround times on customer queries, by way of process support. We are confident that this solution will also provide us the support to explore new product and market domains."

Nucleus and its flagship product FinnOneTM the "8th Highest Seller in Global Banking Back Office Systems" (IBS Publishing, London, 2005) has had over 200 successful implementations across the globe. With presence in regions spanning APAC, Europe, Middle East, Africa and America, the Company's client base includes leading names in the banking and financial services industry.

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.