Nucleus Software to manage Islamic Bank's operations

New Delhi, Feb 21 (UNI) Nucleus Software, provider of nextgen software products for banking and financial sector, has been selected by Dubai Islamic Bank to manage its retail operations.

Nucleus' flagship product FinnOneTM CAS will be implemented across 40 branches of the world's first fully-fledged Islamic bank by the end of this year.

''The latest initiative will now prove its mettle in the UAE.

Islamic banking is one of the world's fastest-growing economic sectors, comprising close on 300 institutions responsible for assets estimated at more than 400 billion dollars,'' it said in a statement.

This software will allow for anytime, anywhere access, ensuring ease in operation and instant information availability to the financial institution.

Nucleus has so far consolidated its position as a technology leader in the Japanese, West Asian, African and South East Asian markets.

UNI