Nucleus Software aannounced that one of its leading clients in India,HDFC Bank,has won the Celent Model Bank 2010 award for its loan origination system. The basis of this study,undertaken by Celent,was to answer the question,What would it look like for a bank to do everything right with todays technology? In its related Model Bank report,Celent quotes,While there is no such thing as a Model Bankevery bank does some things well,and others not as well when it comes to technology. HDFC Bank has been a proud user of Nucleus award winning product,FinnOne,for several years. Prior to using FinnOne,the Banks retail loan applications were processed manually,which only meant longer duration in loan processing and larger scope for human error. The Bank needed to automate its processes if it wished to stay ahead of the steadily growing competition. FinnOne,the flagship product of Nucleus Software,has been ranked No.1 selling lending software product across the globe,by IBS Publishing,UK,for the past two consecutive years and has been amongst the top for over five years now. Munish Mittal,EVP & Head Technology Solutions Group,HDFC Bank,said,FinnOne has helped the Bank over deliver its promises and thus ensure customer delight. We are proud of our association with Nucleus Software and look forward to a further strengthened future.
