Development Credit Bank chooses Nucleus Software's FinnOne^TM for retail banking operations

Nucleus Software Exports Ltd on February 09, 2007 has announced that Development Credit Bank Ltd (DCB) has selected the Company's FinnOne for its retail banking operations. This solution will be implemented across all of DCB's 72 branches nation-wide.

DCB's adoption of FinnOne^TM indicates the Bank's move towards ramping up its loan origination, loan management and collections operations within the retail-banking sector. With this implementation, DCB plans to streamline its retail assets division by ensuring anytime, anywhere access, and ease in operations and instant information for its sales, credit and operations teams.

FinnOne^TM suite of products assists in introducing new product offerings and tailor made schemes thereby reducing time-to-market and automating processes. The solution further automates and manages the complete application processing flow for Retail Financing, allowing banks to integrate different touch-points in their supply chain enabling efficient, timely services to customers.

"Retail banks are evolving to keep pace with the charging financial services scenario. Strong technology offerings remain critical not only to customer acquisition and retention but also to global competitiveness. We are pleased to be partnering DCB in successfully enhancing their retail operations and customer satisfaction." stated Vishnu Dusad, CEO, of the Company.

The Company with its flagship product FinnOne^TM today has over 134 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 today, commands leadership position in the domestic retail banking space with clients spanning among most leading banks in India.

Source : Equity Bulls

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