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Follow on Google News | Bank of Bahrain and Kuwait Opts for Nucleus Software’s Cash Management Solution CASH@Will(TM)Nucleus Software announced today that it has acquired a new client, the Bank of Bahrain and Kuwait (BBK), one of the largest commercial banks in Bahrain.
By: Nucleus Software BankONet(TM) Selected after a thorough evaluation of the various system proposals, BankONet(TM) On this occasion Vishnu R. Dusad, CEO and Managing Director, Nucleus Software Exports Limited said, “We are delighted to partner with Bank of Bahrain and Kuwait, one of the largest banks in Bahrain. As an IPR led company, at Nucleus, our continued focus is on providing excellent services to our clients and innovation in product development. We are confident that BBK will reap great benefits by leveraging our cash management solution. We look forward to further strengthening our relationship with BBK as they expand their business rapidly and explore newer technologies to stay ahead in the market. -- About Bank of Bahrain and Kuwait: Bank of Bahrain and Kuwait B.S.C, (BBK) was established on 16th March 1971 in accordance with the Amiri decree and started operations a year later. In 1972, the Bank began operations with a capital of BD 1 million (US$ 2.5 million). Today, it has grown to become one of the largest commercial banks in Bahrain, with a capital base of BD 102 million (US$ 270 million). The bank has a strong regional presence. In addition to the 18 domestic branches that it has in Bahrain, it also has a branch in the State of Kuwait, as well as two branches in the Republic of India and a representative office in Dubai, United Arab Emirates. In the last few years, the Bank has established a number of subsidiaries in the areas of brokerage, financial services and credit cards. BBK takes pride in being able to provide a full range of lending, deposit, treasury and investment services to various sectors of the domestic and regional markets, using state-of-the- About CASH@Will(TM): All other parameters being equal, how well an organization manages its collections, payments and liquidity has a direct bearing on its status, against a competitive backdrop. Nucleus Cash Management Solution CASH@Will(TM) About Nucleus Software Exports Limited: Nucleus Software (NSE- NUCLEUS, BSE- 531209) is a leading software powerhouse providing innovative and pioneering software solutions for Banks and Financial organizations globally. Nucleus Software offers a host of competitive IT solutions and consultancy services designed to support the whole spectrum of business offerings spanning Retail and Corporate Banking, Cash Management, Credit Cards, Relationship Banking, Financial CRM, Credit Risk & Appraisal, EAI, Internet Banking, FX, Basel II, Data warehousing and Analytics. With customers across the globe, the company is consistently innovating with cutting edge and industry driven products in the domain. Nucleus Software is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit www.nucleussoftware.com Safe Harbor: Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding the success of our investments, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, our ability to successfully implement our strategy, our research and development efforts, changes in the value of the Rupee and other currency changes, intense competition in IT and consulting services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, withdrawal of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Nucleus may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Board of India, Stock Exchange and our reports to shareholders. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company. FOR FURTHER INFORMATION, PLEASE CONTACT: Niraj Vedwa President Head – Global Sales & Marketing Nucleus Software Exports Limited Phone: +91-120-2404050 Mobile :+91-9810071075 Email :niraj@nucleussoftware.com Safia Khan Nucleus Software Exports Limited Phone: +91-120-2404050 Mobile: +91-9818309769 Email: safia.khan@nucleussoftware.com Abhijit Kaur The PRactice Mobile:9350689996 E-mail: abhijit@the- # # # Nucleus Software is a leading software powerhouse providing innovative and pioneering software roduct solutions across retail banking, corporate banking, card, cash management for Banksand Financial organizations globally. End
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