Nucleus Software Exports Limited (NSE: NUCLEUS, BSE: 531209), a leading global provider of software products for banks and financial institutions, has announced that its award winning product FinnOne, has gone live across all branches of The Philippines' Bank of Makati.
Bank of Makati is the largest out of more than 600 rural banks in The Philippines. The bank’s core business is motorcycle financing and lending loans to medium and micro enterprises across the country through its branch network.
FinnOne will power the bank with three key modules – LMS (Loan Management System), GL (Extensive General Ledger System) and Deposits / Clearings.
On this occasion, Bank of Makati expects that FinnOne will help the bank provide a comprehensive, flexible and secured automated solution to the customers. The solution will address the operational and MIS needs of departments across the bank.
Vishnu R. Dusad, CEO & MD, Nucleus Software, said, "We are proud to partner with Bank of Makati as this will enable the institution to penetrate the rural banking market more effectively and strengthen their position in the Philippines market. Implementing a next-generation complete banking suite such as FinnOne will give Bank of Makati the technological edge in offering products and services to their customers. FinnOne has always led the way in adapting to emerging business models in banking and the implementation at Bank of Makati will demonstrate this."