Nucleus FinnOne Neo Recognized as the Market Leader in Lending by IBS Intelligence

/ -- Best-selling Lending Solution in India for the second year in a row
Recognized in the Lending Systems Category Leaders Worldwide
Nucleus' lending solution has been named 10 times as the 'World's Best Selling Lending Banking Solution' in IBS SLT
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Mr. R. P Singh, CEO, Nucleus Software said, "Our position in the IBS Sales League Table this year continues to reflect the tremendous business value our customers gain from using our lending solutions. I'm particularly proud because this leadership position has been achieved with the latest generation of our award winning lending platform - FinnOne Neo. We are proud of the growth of our solutions across the world as shown by a number of records including having the world's best-selling lending solution 10 times and the fact that our newly launched FinnOne Neo Cloud solution continues to gain at least 1 new customer every month since its launch. We believe that this performance is testament to the confidence of global financial services industry in the power, reliability and efficiency of our solutions."

Mr. V Ramkumar (Senior Partner, Cedar and IBS Intelligence) commented, "IBS SLT ranking is based on the number of new-name-customer wins by the suppliers in the reporting year, for that solution offering. This year was extremely competitive and challenging however, we received entries from hundreds of leading banks and solution providers in the financial services industry. We congratulate Nucleus Software on being a part of the SLT over the years and maintaining their position in lending space. This demonstrates the tremendous impact that the combination of innovative technology and customer-centric business strategies can have on financial services."

About Nucleus Software:

Nucleus Software (BSE: NUCLEUS) (NSE: NUCLEUS) is the leading provider of lending and transaction banking products to the global financial services industry. Its software powers the operations of more than 150 companies in 50 countries, supporting retail banking, corporate banking, cash management, Internet banking, automotive finance and other business areas. Nucleus Software is known for its world-class expertise and innovation in lending and transaction banking technology. It has two flagship products, built on the latest technology: