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January 5, 2009

National Bank of Umm Al Qaiwain selects Nucleus Software’s FinnOne suite

To support its loan origination process and help in delinquency management

By CBR Staff Writer

United Arab Emirates-based National Bank of Umm Al Qaiwain has selected  Nucleus Software Exports’s FinnOne suite for its retail finance division, to improve auto, personal and home loans.

According to Nucleus Software, FinnOne will provide the bank with a flexible system to support its loan origination process and help in delinquency management, thereby reducing turnaround time and efficiently filtering out bad debts to increase profitability and create a differentiated customer experience.

FinnOne is intended to provide operational support, risk management and decision-making support to banks and financial services companies. The FinnOne suite provides services 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, said Nucleus Software.

Ramachandra Iyer, deputy general manager of National Bank of Umm Al Qaiwain, said: We welcome Nucleus as our new technology partner and expect them to add value to the bank’s retail banking business.

Vishnu Dusad, CEO and managing director of Nucleus Software Exports, said: We are delighted to partner with National Bank of Umm Al Qaiwain. The bank’s decision to choose FinnOne to power their lending business is a proof that our product offers real value and a competitive advantage to our customers. We are indeed happy to see our client base grow in the United Arab Emirates where believe we are strengthening our position as a preferred vendor.

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