Sakan Finance deploys Nucleus' FinnOne

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New Delhi: Sakan Finance, one of the newest mortgage finance companies in the Egyptian market, has chosen Nucleus Software's FinnOne Suite to power its mortgage finance services for higher productivity, efficiency and flexibility of satisfying the ever changing needs of the Egyptian market.

From among a great competitive pitch, FinnOne was selected for its state-of-the-art modules, vast implementation experience, functionalities and domain expertise. FinnOne allows start ups like Sakan Finance for effective introduction of quick-to-market products and schemes best addressing a challenging environment. Vishnu R. Dusad, CEO and Managing Director, Nucleus Software Exports said, "The Egyptian market offers a great opportunity for Nucleus's products and is a key focus area for Nucleus' growth strategy. This partnership with Sakan Finance will enable the company to penetrate the mortgage market more effectively and strengthen its position in the Egyptian market. Implementing a next-generation complete banking suite such as FinnOne will give Sakan Finance the technological edge in offering products and services to their customers."

Being the second highest capitalized mortgage finance company in the Egyptian market to date, Sakan Finance is very aggressive in the mortgage services arena. Nucleus Software's FinnOne will help Sakan Finance to step up services and customer satisfaction by accelerating the processing time of applications for clients, from the time of their first visit to the company, throughout the lifetime of the repayment period. Commenting on the partnership, Ahmed Haggag, Consultant to the Board of Sakan said, "We needed a software product to stay ahead of the curve in the dynamic Egyptian market. Apart from the rich functionality and open architecture, we are especially impressed with FinnOne's flexibility and scalability, which we feel is critical to our growth strategy. With FinnOne's excellent track record in the global market we are confident that this project will be a huge success."

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