Sri Lankan Bank Selects Oracle-based FinnOne Retail

Nucleus Software Exports and Oracle have announced that NDB Bank of Sri Lanka, has selected Nucleus’ flagship product - FinnOne Retail Suite on the Oracle Database and Oracle Fusion Middleware. NDB Bank will implement Oracle technology-based FinnOne Customer Acquisition System (CAS), FinnOne Lending and FinnOne Collections across its 32 branches in the country.

FinnOne Retail will help NDB Bank gain efficiency in their operations, resulting in easy inter-operability across branches and developing efficient workflow systems in their lending business. While FinnOne CAS will allow NDB Bank to augment their acquisition in housing, consumer financing and leasing business; FinnOne Lending will enable NDB Bank for better operational and decision-making support for the asset side business lines. FinnOne Collection will allow the bank to track their NPA’s and delinquent customers.

FinnOne Retail Suite runs on Oracle Database 10g and Oracle Application Server 10g, a component of Oracle Fusion Middleware.

According to Sujeewa Dissanayake, VP, NDB Bank (Sri Lanka), “To reaffirm our stand in the retail banking market, it was important for us to turnaround and reduce the time to acquire new customers and market our loans. Nucleus was the obvious choice, considering its leadership in the banking software domain; we wanted to go for nothing but the best products and a trusted company.”