Nucleus Software Exports Limited, a leading global provider of next generation software products for the banking and financial sector has appointed Raqmiyat, a leading UAE Systems Integration firm, as its regional marketing partner. Through this partnership, Nucleus is looking at leveraging Raqmiyat’s geographical reach and regional expertise to market its FinnOneTM Suite solutions in the GCC.
FinnOneTM Suite is an integrated suite of applications designed to support the entire business process spectrum for the banking and financial services sector. The FinnOneTM Suite solution automates and manages the complete application processing flow for any retail and corporate finance instrument - be it auto loans, personal loans, home loans, credit cards or services related applications. FinnOne™ Collections system also manages the entire collections process while focusing on tracking and managing delinquencies through a series of proactive actions and tighter supervision. FinnOneTM is used by over 124 global financial institutions and offers a unique platform that comes loaded with add-on modules, supporting any phase of the distressed receivable lifecycle and enabling powerful recovery management.
“This is a significant win that further underscores Raqmiyat’s status as the preferred regional IT system integrators for global technology leaders. Nucleus solutions will bolster Raqmiyat’s portfolio for the retail banking sector. The areas of primary interest are retail and corporate lending – covering end-to-end business requirements of customer acquisition, loan origination, loan management and collections – and cash management,” said Babu Santhanam, AVP Business Development-Financial Solutions, Raqmiyat.
Raqmiyat's decision to market the FinnOneTM Suite is part of its managed portfolio expansion and cross-sectoral diversifcation strategy. As a Channel Partner, Raqmiyat will distribute Nucleus’ FinnOneTM Suite in the GCC market, and also provide implementation and local first level support services to customers. Raqmiyat and Nucleus are working on expanding their partnership by adding supplementary Nucleus products to Raqmiyat’s portfolio.
Commenting on the partnership with Raqmiyat, Sushil Tyagi – Vice President – Sales (MESA) of Nucleus said, “Raqmiyat is a well established and respected solution provider to the banking sector, with over 35 regional banks as customers. Raqmiyat’s market reach and relationship with the banking community, coupled with strong sectoral domain knowledge, make it an ideal partner for Nucleus’ expanding regional role.”
“The Middle East’s banking sector has become increasingly competitive, with providers constantly seeking ways to reduce operational costs and increase productivity. With the addition of Nucleus solutions, we are confident that our extensive portfolio will continue to help businesses grow in the Middle East markets,” concluded Santhanam.
Dubai-based Raqmiyat is leading systems integration and IT services company, providing world-class business and technology solutions through partnerships with international firms. Achieving several certifications on the technical front, Raqmiyat has developed a team of experienced professionals who provide professional services and support to its clients, guaranteeing business continuity on 24x7 basis.
