FinnOne developed by Nucleus Software Exports Limited has gone live across all branches of Bank of Makati. FinnOne will power the bank with three key modules LMS (Loan Management System), GL (Extensive General Ledger System) and Deposits / Clearings.
Nucleus FinnOne was selected after evaluation of the various system proposals. Bank of Makati is a large bank in Philippines. The Banks core business is motorcycle financing and lending loans to medium and micro enterprises across the country through its branch network.
Bank of Makati expects that FinnOne will help the bank provide a comprehensive, flexible and secured automated application to the customers. The software will address the operational and MIS needs of departments across the bank.
FinnOne, the flagship product of Nucleus Software, is a powerhouse of seamlessly integrated applications, designed to provide operational support, risk management and decision-making support to banks and financial services companies.
The FinnOne package provides applications for the asset as well as liability sides of business in addition to account management, core financial accounting, risk management, document management, and customer services.
FinnOne also supports multi-branch, multicurrency, multi-product, and bi-lingual implementations. FinnOne focuses on both, retail and corporate loans, thereby emerging as a comprehensive solution to back any line of the lending business.
“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,” says Vishnu R. Dusad, CEO & MD, Nucleus Software. “FinnOne has always led the way in adapting to emerging business models in banking and the implementation at Bank of Makati will demonstrate this.”
L.D.