Nucleus strikes up partnership with Raqmiyat

Nucleus Software has appointed UAE system integrator Raqmiyat as a channel partner for the region. The vendor is looking to harness Raqmiyat’s geographical reach and regional awareness to market its FinnOne Suite solution across the GCC.

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By  Dawinderpal Sahota Published  December 28, 2006

Nucleus Software has appointed UAE system integrator Raqmiyat as a channel partner for the region. The software vendor is looking to harness Raqmiyat’s geographical reach and regional awareness to market its FinnOne Suite solution across the GCC. FinnOne Suite is an integrated suite of applications designed for the banking and financial services sector. Nucleus claims that the solution automates and manages the complete application processing flow for any retail and corporate finance tool. Sushil Tyagi, VP sales (MESA) at Nucleus, stated: “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, makes it an ideal partner for Nucleus’ expanding regional role.” Babu Santhanam, AVP business development for the financial solutions division at Raqmiyat, added: “This is a significant win that further underscores Raqmiyat’s status as the preferred regional IT system integrator for global technology leaders. Nucleus’ solutions will bolster Raqmiyat’s portfolio for the retail banking sector.” Santhanam claims that its core focus areas are retail and corporate lending to aid in customer acquisition, loan origination and loan and cash management. He also commented that the Middle East’s banking sector has been becoming increasingly competitive of late, 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. Raqmiyat has offices located in Abu Dhabi and Dubai and is one of 75 companies owned by Al Ghurair business group.

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