Nucleus Software bags deal in South East Asia

NEW DELHI, INDIA: Nucleus Software Exports Limited, a leading global provider of integrated software products for banks and financial institutions, today announced that Tien Phong Bank (TPB), Vietnam has chosen Nucleus’ FinnOne CAS & Collections module to support their consumer retail banking operations.

FinnOne will enable the bank in completely automating operations, keeping a check on credit ratings and efficiently filtering out bad debts to increase profitability and offering a differentiated customer experience.

Tien Phong Bank is one of the newest entrants in Vietnamese banking sector, yet has proven one of the market pioneers in applying technology to improve its operational efficiency and to provide its customers with simple and secured electronic products such as internet banking, SMS banking, debit cards.

Tien Phong Bank operates in the two most dynamic cities of Vietnam, and will expand to another 3 cities with a network of 30 branches/transactional offices across Vietnam by end of year 2009. FinnOne will help the bank provide a comprehensive, flexible and secured automated solution to the customers. The solution will further help them to sharpen their competitive edge with ‘quick-to-market’ product and schemes and will enable the bank to grow their loan business on a large scale.

This deal marks yet another win for FinnOne from Vietnam as Nucleus Software's FinnOne already powers one of the leading international financial services companies in Vietnam’s consumer finance sector. With Tien Phong Bank choosing FinnOne to drive the bank's lending business Nucleus forays further in the region and strengthens its position as a leading global provider of software products for banks and financial institutions across South East Asia.

Dao Trong Khanh, CEO, Tien Phong Bank, said, “Technology is key to Tien Phong Bank’s aspiration to become a leading national bank. To be able to provide best in class, leading lending services, we required a lending platform that could cope with growing volumes. We’re confident that with a high-profile experienced team coming from various international banks, we could utilize FinnOne to enhance our productivity and build up value-added solutions for our customers.”

Vishnu R. Dusad, CEO & Managing Director, Nucleus Software, said, “Choosing a next-generation solution such as FinnOne will give Tien Phong Bank the technological edge in offering world-class products and services to their customers. FinnOne has always led the way in adapting to emerging business models in banking and Tien Phong Bank's choice of FinnOneTM demonstrates this.”

FinnOne, the flagship product of Nucleus Software, is a powerhouse of seamlessly integrated applications, designed to provide operational support, risk management and decision-making support to banks and financial services companies. The FinnOne suite provides solutions for the asset as well as liability sides of business in addition to account management, core financial accounting, risk management, document management, and customer services.

IndiaPRwire.com