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Personal Loans
Personal Loans/Financing
Personal loans, a category of unsecured loans, require robust credit evaluation processes to control the credit losses. We design, develop and configure computer hardware and software for banks and other organizations in the lending industry.
Moreover, in view of the customer requirements, financial institutions want to disburse loans in the minimum possible time with requisite credit checks and without any errors.
Key Value Differentiators
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Seamless integration with other systems including Credit Bureaus -
Faster Customer Service & Enhanced focus self-service channel usage -
Automated Decision making and Straight Through Processing (STP) process efficiencies -
Flexible application
FinnOne Neo Personal Finance solutions
FinnOne Neo, Nucleus Software’s lending software, provides seamlessly integrated software modules built with the objective of providing operational and decision-making support to the banks and financial institutions for various lines of business including secured loans and unsecured loans. The solution supports all the processes starting from application, on boarding to decision making, disbursal, servicing and collection of Personal Loans.
FinnOne Neo CAS
- One point channel for Borrower Data capture.
- Dedicated modules to cater to the Retail and Corporate loans
- Paper less origination and appraisal process
- Multi Products, Multi lingual and Multi currency
- Ability to configure multiple scoring model
- Flexible Repayment Option
- Audit Trails of data modification
FinnOne Neo LMS
- Loan Viewer
- Pre Dated Cheques Management
- Receipts and Payments
- Pre payments and pre closure along with Simulation feature
- Rescheduling of loans
- Waivers/ Refunds
- Adjustment of Excess amount and Knock Off Process
- Asset Classification and Write off handling
- Provisioning norms
FinnOne Neo Collections
- Tracking and management of delinquency cases
- Classification and Hierarchy-based allocation of cases to collectors
- Champion Challenger Strategy Management
- User-defined work list logics and online work lists
- Settlement Tracking and Skip Tracking feature
- Online dashboard
- Behavioral scoring engine
- Repossession module
- Agency payouts engine
Ubank is the first bank in South Africa to implement FinnOne. This new system is expected to increase our lending efficiencies exponentially and will also prepare us to leap into the future of lending. It forms an integral part of our 10 year strategy to grow our capacity to diversify and increase revenues whilst remaining the bank of choice for workers and their families
- Mr. Luthando Vutula, CEO, Ubank, South Africa
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