FinnOne Neo – Cloud Deployment

The banking and financial services industry is undergoing a significant transformation. Customer expectations are rising, economic volatility is increasing, competition is exploding, profit margins are under stress and the regulatory landscape is continuing to evolve. While it is not unique to financial services, the pressure to transform continues to grow. In the last few years, cloud technology has successfully established itself as a key part of the solution catering to industry transformation. The banking and financial services industry has adopted cloud more cautiously than other industries, but the trend is fast changing as benefits of cloud become clearer and as cloud providers increasingly focus on the specific requirements of the industry.

The key reasons for increasing cloud adoption include its ability to increase business agility, improve flexibility and reduce costs. These benefits are especially critical for the Non Banking Finance Company (NBFC) sector, where companies are looking for faster time to market, easy scalability, an Opex based cost model, agile operations and quicker returns on their IT investments. NBFCs need solutions that are easy to setup, cost effective and flexible, yet reliable. A combination of cloud with best of the breed technology solutions can help NBFCs meet these requirements effectively. With cloud solutions, NBFCs can continue to remain focused on innovation in their businesses while leaving the IT aspects to the experts.

FinnOne Neo in cloud is a highly automated, workflow based and technologically advanced lending solution designed to offer best in class loan lifecycle management capabilities combined with the power of cloud. It enables customers to digitize and automate their processes, launch tailored products in a matter of minutes and offer comprehensive services across multiple channels. It helps companies make better credit decisions, reduce credit risk and lower the levels of non performing loans. The 10 time winner world’s best selling lending solution, FinnOne Neo, is designed to cater to the unique requirements of NBFCs and covers a wide range of loans, including personal loans, housing finance, auto loans, education loans, consumer durables finance and gold loans.