Nucleus Software Implements CASH@Will at Bangkok Bank, Thailand

New Delhi - 30 June 2009

Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), provider of integrated software products for banks and financial institutions today announced the successful 'go-live' of its cash management product CASH@Will at Bangkok Bank, Thailand.

Bangkok Bank, one of the largest regional banks in South East Asia, with total assets of approximately USD 48 billion has gone live on Nucleus Software's Cash Management product CASH@WillTM and Internet banking product BankONet across its entire network in Thailand. CASH@Will front ended by Nucleus' BankONetTM implemented at Bangkok Bank helped the bank in transforming their business processes by enhancing the technology platform. Selected after a thorough evaluation of the various systems, CASH@Will and BankOnet were chosen for their superior functionality enabling the bank's ability to respond to changing business dynamics faster.

In addition to helping the bank offer its customers the benefits of tracking cash balance, monitoring payments and receivables, and performing liquidity management functions, Nucleus' Cash Management solution, CASH@Will is also expected to help Bangkok Bank improve its revenue, maximize profits, minimize costs and establish efficient management systems to assist and accelerate growth.

“Our decision to implement CASH@Will has been influenced by Nucleus’ reputation as a successful and committed software solutions provider. We are confident that with Nucleus’ support and commitment, we will be further strengthening our rapid business growth and delivering to meet customer expectation.” said, Mr. Teera Aphaiwongse, SEVP and Member of the Board of Directors. Further adding, "Maximum customer convenience is our constant endeavor. Nucleus' CASH@Will is a step towards providing a future proof option in terms of scalability. It is in sync with our customer service requirements and I am glad to express that it matches all our expectations.”

“We believe that this development is significant as it comes at a stage when banks across the world are investing in solutions to meet the challenges emerging from a fast changing market. We are confident that with CASH@Will, a product being used by some of the largest top tier banking groups, investment banks and commercial banks, we are well placed to seize this opportunity.” said Mr. Vishnu R. Dusad, CEO & MD, Nucleus Software Exports Limited.

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