Nucleus Software bags FBN contract

New Delhi, Aug 3: Marking its foray in the African banking industry, Nucleus Software Exports Ltd today said it has bagged a contract from First Bank of Nigeria (FBN), under which it will implement its flagship solution -- 'FinnOne' CAS, lending&collections suite, across 350 branches of the bank.

With this solution, which will be implemented across 350 branches in the West African region, FNB, a leading African Bank, will overhaul its entire credit&loan operations across the country, a company statement said.

FinnOne is an integrated suite of applications designed to support the whole spectrum of business offerings of Banks and Financial Solutions Companies.

FinnOne CAS automates and manages the complete application processing flow for retail/corporate financing as well as cards, allowing banks to integrate the different touch-points in their supply chain for acquisition prospecting and pre-disbursal processing.

FinnOne Lending, a software module of the FinnOne suite, is built with the objective of providing operational and decision-making support to all the asset side business lines.

The product also assists in introducing new product offerings and tailor made schemes, reducing time-to-market and automating processes so as to provide a distinguishing factor within the retail loan space.

The FinnOne Collections system manages the entire collections and focuses on tracking and managing delinquent customers, enabling organisations to effectively minimise delinquencies through a series of proactive actions and tighter supervision.

It is a unique platform that comes loaded with add-on modules, supporting any phase of distressed receivables lifecycle and enabling powerful recovery management.

''Our successful track record of FinnOne implementations across the globe stands testimony to our vision and mission of being a leading global player in the Banking and Financial industry,'' Nucleus Software MD Vishnu Dusad said.

The Company with its flagship product FinnOne, today has over 124 clients across the globe. It is a fast growing player with a leadership position in regions spanning APAC, Europe, Middle East, Africa, and America.

The Company commands leadership position in the domestic retail banking space with clients spanning among most leading banks in India.

UNI