NDB Bank of Sri Lanka selects Oracle-based FinnOne

NEWDELHI, INDIA: Nucleus Software Exports Limited and Oracle have announced that NDB Bank of Sri Lanka, one of the largest private sector commercial banks in Sri Lanka has selected Nucleus' flagship product - FinnOne Retail Suite on the Oracle Database and Oracle Fusion Middleware. NDB Bank will implement Oracle technology-based FinnOne Customer Acquisition System (CAS), FinnOne Lending and FinnOne Collections across its 32 branches in the country.

With a focus on increasing customer base and intensifying competition in the retail banking industry in Sri Lanka, it became imperative for NDB Bank,  a comprehensive financial powerhouse, serving both retail and corporate banking needs of customers,  to revamp its retail offerings with a solution that will enable the bank to reduce time to market and offer attractive products in the retail space. They were looking at a one-stop shop solution catering to Housing loans, Consumer Financing and Leasing business that would complement their existing core banking solution.

"Our quest for an ideal retail banking solution has come to an end with Nucleus' FinnOneTM retail solution. Nucleus' acceptance & reputation as a successful, agile and committed software solution provider in global space has been a key influencer. We are confident that with a committed team of product specialist we will be able to further accelerate our business growth and provide our customer a world class banking experience," said, Mr. Sujeewa Dissanayake, Vice President, NDB Bank (Sri Lanka). "To reaffirm our stand in the retail banking market, it was important for us to turnaround and reduce the time to acquire new customers and market our loans. Nucleus was the obvious choice, considering its leadership in the banking software domain; we wanted to go for nothing but the best products & a trusted company." he added further.