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Nucleus Software forays into housing finance
By agencies | Monday, 08 August 2005, 00:00 Hrs
BANGALORE: Nucleus Software, a provider of next generation software products for banking and financial sector, today announced that it has signed the agreement to implement complete end to end, housing finance solution at BHW Birla Home Finance Ltd.
The Finn One suite would be implemented across 42 offices plus its satellite reach within India.
FinnOne will offer BHW Birla a comprehensive business solution for its pan India operations in the housing finance space. This deal marks Nucleus foray into the Non Banking housing finance industry in India.
BHW Birla Home Finance Ltd., is a fully owned subsidiary of BHW Holding AG of Germany and one of the fastest growing housing finance entities in India today. The BHW group is one of the largest retail home finance groups in Germany with a portfolio of
2,75,000 crore and a net worth of 1, 10,000 crore. It has 4.7 million customers across Europe.
Speaking on the occasion, Martin Mueller, Executive Director, BHW Birla Home Finance Ltd., said, In partnering with a leading financial technology player such as Nucleus, we are taking a huge step forward in terms of our strength and stability. With this implementation, BHW Birla Home Finance will combine the best-in-class information technology and financial consulting talents, and provide its customers with services that are highly effective, quality-oriented and innovative.
As a company focused on the Banking and Financial domain, we have unprecedented global expertise along with a comprehensive line of solutions for financial institutions like BHW Birla. This partnership gives us a great opportunity to showcase our solutions in the housing finance area, said Vishnu R. Dusad, Managing Director, Nucleus Software Exports Limited.
The Finn One suite would be implemented across 42 offices plus its satellite reach within India.
FinnOne will offer BHW Birla a comprehensive business solution for its pan India operations in the housing finance space. This deal marks Nucleus foray into the Non Banking housing finance industry in India.
BHW Birla Home Finance Ltd., is a fully owned subsidiary of BHW Holding AG of Germany and one of the fastest growing housing finance entities in India today. The BHW group is one of the largest retail home finance groups in Germany with a portfolio of
2,75,000 crore and a net worth of 1, 10,000 crore. It has 4.7 million customers across Europe.Speaking on the occasion, Martin Mueller, Executive Director, BHW Birla Home Finance Ltd., said, In partnering with a leading financial technology player such as Nucleus, we are taking a huge step forward in terms of our strength and stability. With this implementation, BHW Birla Home Finance will combine the best-in-class information technology and financial consulting talents, and provide its customers with services that are highly effective, quality-oriented and innovative.
As a company focused on the Banking and Financial domain, we have unprecedented global expertise along with a comprehensive line of solutions for financial institutions like BHW Birla. This partnership gives us a great opportunity to showcase our solutions in the housing finance area, said Vishnu R. Dusad, Managing Director, Nucleus Software Exports Limited.
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