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September 3, 2015
| Mint
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Nucleus Software enters into collaboration with Magma FinCorp for its lending solution
Source : http://money.livemint.com/news/company
Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, has entered into collaboration with Magma FinCorp, a leading Non Banking Financial Company (NBFC) to implement its lending solution.
Magma will implement Nucleus Software’s recently launched flagship lending product, FinnOne Neo for its loan origination and loan management operations. Using FinnOne Neo, Magma expects to reduce turnaround time for customer loan applications and to quickly conceive and launch new financial products and services, as well as reduce operational costs.
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