Nucleus Software Exports Ltd. : 22nd June, 2011 : Nucleus Software Accredited with the Highest Lending Deals in 2010 by an Independent Research Firm
June 22, 2011 at 05:15 am EDT
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PRESS RELEASENucleus Software Accredited with the Highest Lending Deals in 2010 by anIndependent Research Firm
The research firm analyzed deals with dedicated Lending capabilities for the first time as a part of the ‘Global Banking Platform Deals 2010: Functionality’ Report
New Delhi, India, June 22, 2011: Nucleus Software Exports Limited (NSE:NUCLEUS, BSE:531209), a leading global provider of integrated software products for banks and financial institutions, today announced that it is the vendor with the highest number of lending deals for the year 2010 as per the May 2011 survey by Forrester Research, Inc. In continuation to its Global Banking Platform series of reports, Forrester has for the first time analyzed deals with dedicated Lending capabilities. The research report surveyed 23 vendors of globally deployed banking platforms on their 2010 deals.
The focus of this part of the report was loan management/servicing and hence solutions with related capabilities including loan origination, collections, syndicated lending, loan trading, and Islamic lending were not considered. Nucleus software bagged 10 deals out of the 41 accomplished together by the top nine global banking platform vendors identified with dedicated lending capabilities.
Vishnu R. Dusad, CEO & MD, Nucleus Software, said, “After being recognized as a ‘Global Pursuer’ earlier this year, we are pleased to be identified as the vendor with the highest number of lending deals for the year 2010 by Forrester Research. We believe this finding not only reveals the growing demand of our products worldwide, it also highlights our inclination to surpass expectations and establish India's global leadership in the Banking Technology and Financial Software industry. In addition to expanding our reach in developed economies, we will continue to develop our client portfolio in the untapped markets.”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 more information, visit www.nucleussoftware.com
Safe Harbor:
Certain statements in this release concerning our future growth prospects are forward
Nucleus Software Exports Limited is a provider of lending and transaction banking products to the financial services industry. The Company is engaged in the business of development and marketing of software, product, and software services for business entities in the banking and financial services (BFS) vertical having its operating units located in Noida, Uttar Pradesh. It operates in seven geographical segments: India, Far East, Southeast Asia, Europe, Middle East, Africa, and Australia. Its two flagship products include FinnOne Neo and FinnAxia. FinnOne Neo suite is an end-to-end solution for lending businesses. FinnAxia suite offers an enterprise solution for the transaction banking operations of corporate banks. It provides various lending, such as FinnOne Neo retail lending, FinnOne Neo corporate lending, FinnOne Neo digital channels, and Nucleus lending analytics. Its transaction banking includes advisory services and FinnAxia cash and liquidity management.
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