Nucleus Software Exports Limited, a global provider of next generation software products for banking and financial sector, announced that L&T Finance Limited (LTF), a non- banking finance company and a wholly-owned subsidiary of Larsen & Toubro Limited, a technology and engineering major has selected Nucleus Software’s flagship solution FinnOne TM Customer Acquisition System, lending and collections to be centrally implemented in Mumbai with a roll out across over 60 locations.
With this contract Nucleus has further strengthened its leadership position as a premier banking solutions company in the country. Nucleus’ flagship product FinnOne will be implemented across their various divisions including construction equipment financing, commercial vehicles, tractors and various corporate products.
The solution will allow the company with anytime, anywhere access, ensuring ease in operation and instant information availability and fulfilling company’s objective of acquiring operational and decision-making support for all the asset side business lines.
‘We chose Nucleus Software products after a careful evaluation of its functional and technical capabilities. We wanted to go for nothing but the best products and a trusted company, Nucleus was a good choice considering their leadership arising out of intense focus and vast experience in the financial sector,’ said Anantha Sayana, head corporate IT, L&T Ltd.
A N Mani, senior vice president, L&T Finance said ,’This selection is in line with our overall strategy to ramp up our operations and provide greater value in services to our customers. We are confident that this solution when rolled out fully will enable us to enhance our customer service, improve reporting and enable analysis of various data streams to derive greater value.’
Vishnu R Dusad, CEO and MD, Nucleus Software Exports Limited said, ‘Demand for innovative products is acompanied by rapidly changing requirements which means that banks have to react swiftly to changing market conditions. Our successful track record across the globe is an indication of our capability to offer our customers critical competitive advantage through reduced cost and time to market with new products.’ Source: NewsToday
