Saudi-based Aqsat to deploy Nucleus' FinnOne

NEW DELHI, INDIA: Nucleus Software Exports Limited, a provider of integrated software products for banks and financial institutions, on Thursday announced that Saudi Arabian auto finance company, Aqsat International Trading, has chosen its FinnOne solution to automate the business operations.

Aqsat will deploy FinnOne’s Customer Acquisition System, Loan Management System, Collections and Delinquency Management, Securitization, Power Pay, Document Management System, and Fleet Finance as part of the agreement.

“Today owning an auto vehicle has become a necessity rather than a luxury. We aim at supporting people in fulfilling this necessity by providing loans and other financial aid towards owning or renting vehicles,” said Abbas Mohammed Al-Nahdi, executive general manager, Aqsat International.

He added that after evaluating FinnOne's past success across geographies, the company selected this product to efficiently manage its clients and all monetary operations.

“Finnone will surely help us build a competitive advantage and expand our reach in the Saudi Arabian market. We look forward to a fruitful association with Nucleus Software,” he said.

Vishnu R. Dusad, CEO and managing director, Nucleus Software Exports Limited, said, “The auto industry offers a great opportunity for Nucleus’ products and is a key focus area for Nucleus’ growth strategy. This partnership with Aqsat International will enable the company to better penetrate the Saudi Arabian market and strengthen its position further.”

Aqsat is a customer-centered credit company, committed to providing value-adding, quality services to its customers. The organization provides Shariah-compliant financing solutions complemented by established experts in financing.