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Nucleus Software Exports Ltd — Regulatory Filings 2021
Dec 23, 2021
59444_rns_2021-12-23_2abf3b59-d362-4768-95c6-0c1a31532463.pdf
Regulatory Filings
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December 23, 2021
| The Listing Department | The Listing Department |
|---|---|
| The National Stock Exchange of India Ltd. | Bombay Stock Exchange Limited |
| Exchange Plaza, Bandra-Kurla Complex | Phiroze Jeejeebhoy Towers, |
| Bandra (E) | 25th Floor, Dalal Street |
| Mumbai-400051. | Mumbai-400001 |
| Fax Nos. 022-26598236/237/238 | Fax No. 022-22722061/41/39 |
Dear Sirs,
Ref: Regulation 30(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
In terms of the Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Press Release duly issued by the Company announcing that FPT Information System (FIS) Consortium, the leading provider of lending and transaction banking products to the global financial services industry, has been awarded the contract for its retail loan origination system by Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank - VCB).
This is for your information and records.
Thanking You.
Yours Sincerely
FOR NUCLEUS SOFTWARE EXPORTS LIMITED
Poona Digitally signed by Poonam m Bhasin Date: 2021.12.23 Bhasin 09:32:15 +05'30' Poonam Bhasin Company Secretary
Registered Office 33-35 Thyagraj Nagar Mkt, New Delhi - 110003 Tel.: +9.11.2462.7552 F.: +91.11.2462.0872
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23[rd] December 2021
Nucleus Software – FPT Information System Consortium to assist in Retail Transformation of Vietcombank - VCB and digitize its lending portfolio
FinnOne Neo will assist VCB to launch innovative loan products and optimize its complete retail loan life-cycle
Nucleus Software Exports Ltd – FPT Information System (FIS) Consortium, the leading provider of lending and transaction banking products to the global financial services industry, has been awarded the contract for its retail loan origination system by Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank - VCB). FinnOne Neo, the award-winning retail lending software, will help VCB to provide end-to-end digitization and launch innovative loan products, optimize customer on-boarding process, standardize credit appraisal processes and provide flexible loan reports.
Vietcombank - VCB is one of the biggest commercial banks in Vietnam and has 600+ branches across Vietnam and around the globe, employing more than 20,000 people.
“VCB is initiating Retail Transformation Operation Model (RTOM) to focus on not just digitization but complete reorganization and systemization of the bank's internal processes. We were looking at a robust system to manage our current and future retail loan offerings and chose FinnOne Neo because of its capabilities across all aspects of the lending life-cycle. We plan to implement it across our head office and all our retail branches ASAP”, says Ms. Nguyen Thi Kim Oanh, Deputy General Director – Head of Retail Banking Group at Vietcombank.
“It is an honour to partner with Vietnam’s biggest and most reputed bank in their RTOM model. With FinnOne Neo, we will be able to ensure seamless delivery of high volume retail business for VCB, so that they will be able to launch innovative loan products promptly and optimise the retail customer onboarding process. This will support VCB on their way to top-notch position in Retail Lending as well”, says Mr. Parag Bhise, CEO, Nucleus Software.
VCB will use FinnOne Neo Customer Acquisition System (CAS), a comprehensive loan origination system, to control and automate various business processes and activities performed in the processing of a loan application for advanced risk management and business process optimization. It will help integrate VCB processes for acquisition and pre-disbursal.
In addition, VCB will use Origination API packs that provide seamless and controlled flow of data across systems. The API pack allows VCB to digitally connect with others in the ecosystem, which is a fast and personalized service. User-friendly dashboard for application packs, credit packs, enquiry pack and disbursal pack will be applied across the loan origination function.
Nucleus’ FinnOne Neo is a cutting-edge lending product that is designed to shape the future of lending across sectors. This is a multi-channel solution that accelerates digitization in the complete loan life-cycle
Registered Office 33-35 Thyagraj Nagar Mkt, New Delhi - 110003 Tel.: +9.11.2462.7552 F.: +91.11.2462.0872
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from initiating contact with customers, making better & faster credit decisions, providing comprehensive loan services to creating analytical reports. It also has an agile and efficient design that reduces the operational cost by using advanced technologies to make the lending process seamless. Nucleus’ lending platforms have been implemented across 50 countries worldwide and 10 times awarded winner of ‘World’s Best Selling Lending Solution’.
About Vietcombank (“Joint Stock Commercial Bank for Foreign Trade of Vietnam”)
Vietcombank - VCB is one of the biggest commercial banks in Vietnam and has 600+ branches across Vietnam and around the globe, employing more than 20,000 people. VCB is the first and the only bank in Vietnam to be featured amongst The Top 500 World’s Leading Banks by The Banker. Ranked amongst the Top 30 Strongest Banks in Asia Pacific and become the only Vietnamese firm featured in the Forbes’s World’s top 1000 public companies in 2020, ranked at 937.
- For more information, please visit: https://portal.vietcombank.com.vn/en Us/
About Nucleus Software – FIS Consortium
With this partnership, Nucleus Software Exports Ltd and FPT Information System Corporation (FIS) have come together to help banks and financial institutions in Vietnam with their digital transformation agenda. This bid consortium combines the market leading technology platform capabilities, banking domain expertise, extensive implementation experience and rich banking community relationship of both parties to successfully deliver tremendous business value to Vietcombank.
- For more information on FPT Information Systems, please visit: https://www.fpt is.com/
About Nucleus Software:
Nucleus Software Exports Ltd. is a publicly traded software product company that provides lending and transaction banking products to global financial leaders.
Nucleus Software powers the operations of more than 200 Financial Institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas. Its products facilitate more than 26 million transactions each day, managing over US $ 200 billion of loans and enabling more than 200,000 users logging in daily.
For more information, please visit: www.nucleussoftware.com
For any media queries, please contact:
Mitali Darbari Prakash 9871983483 [email protected]
Registered Office
33-35 Thyagraj Nagar Mkt, New Delhi - 110003 Tel.: +9.11.2462.7552 F.: +91.11.2462.0872