Nucleus Software strengthens its alliance with Bank of Philippine Islands

New Delhi - 27 May 2009

Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of integrated software products for banks and financial institutions, today announced that Bank of Philippine Islands has chosen Nucleus’ FinnOne Customer Acquisition System - Corporate (CAS Corp) SME module to support loans evaluation and origination process for the bank’s Small and Medium Enterprise (SME) clients. Bank of Philippine Islands which is the third largest commercial bank in the Philippines, is already using Nucleus’ FinnOne CAS, CCAPS and Collections.

Selected after thorough evaluation, Nucleus’ FinnOne™ CAS Corp was chosen due to expertise in technology focused on the SME sector. FinnOne CAS Corp is the corporate module focused on the unique business needs of this segment and empowers banks to create innovative products. An effective technological platform, FinnOne CAS Corp will enable Bank of Philippine Islands to manage scalable, high volume and online credit and loan evaluations for SMEs. The system will take the loan acquisition process from the first contact, to application form acceptance, to the various stages of its work flow, queue management right up to the reject / approval decision for the disbursement and loan booking leading to an efficient risk free loan management process.

On this occasion Vishnu R. Dusad, CEO & Managing Director, Nucleus Software Exports Limited, said, “The Bank of Philippine Islands has consolidated its more than four-year long partnership with Nucleus Software by selecting FinnOne™ CAS Corp. Our product will offer a truly differentiating proposition to Bank of Philippine so as to improve standards of customer service, take advantage of growing customer demands and create a strong platform for its ambitious growth plans.”

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