Nucleus Software has added another feather in its effort for redefining the way the retail lending industry functions by harnessing information in a more effective manner. FinnOne- the flagship product that is helping the business users around the world to derive the maximum out of the business is now equipped and available on Mobilis - a new age handheld electronic device (manufactured by Encore Software Limited).

Business today mostly occurs outside the walls of a typical office set up. For example for capturing information about the customer there are agents running around with the application form for retail loans and credit cards. There are field collectors who follow up the delinquent customer. Normally the information is captured on paper and sent to the bank for capturing on system so that processing can begin. This results in a time lag between data collection and data readiness for processing.

Nucleus Software has designed a way to exponentially reduce this time and help the business to accelerate its growth. Now FinnOne CAS (Customer Acquisition System) and FinnOne Collections (collections Management system) are compatible on run on Mobilis to capture and update information real wire any time and anywhere. Mobilis is a handheld computing device with wireless net connection.

This is expected to be a big boost to the lending organizations that have discovered rural and interior parts of India as big markets for loans and credit cards. A customer in rural areas may not have access to regular electricity, however can apply for a loan on real time basis– courtesy FinnOne, which captures the application information right at the customer's doorstep and is directly connected to bank's system