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Press Release

Bussan Auto Finance India Digitises Loan Collections with Nucleus Software FinnOne mCollect

February 23, 2017 | Press Release

New Delhi, India. February 23, 2017 Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced that Bussan Auto Finance India (BAF India) has successfully completed the deployment of Nucleus FinnOne mCollect.

 

BAF India – a joint venture of Mitsui & Co. and Yamaha Co. – was established to enrich customers’ lives by providing customer-friendly and high quality financial services. The company’s goal is to become the most preferred financier for customers and dealers of Yamaha two wheelers across India.

 

To support the company’s goal, BAF India wanted to leverage the power of mobile devices to enhance efficiency, reduce the cost of collections and deliver an improved customer experience. FinnOne mCollect is helping BAF India to automate their manual processes, reduce the risks associated with float money and offer customer friendly doorstep collections. The intuitive solution enables paperless processing, helps users allocate cases on their mobile devices and automates other time consuming procedures such as issuance and reconciliation.

As part of our customer oriented strategy digital is a key focus for us. The adoption of digital platforms will enhance our long term competitiveness. We have worked with Nucleus Software for many years, their combination of advanced technology and deep business expertise helps us fulfil our vision,” said Mr. Girish Nair, National Head Sales & Marketing of Bussan Auto Finance India.

 

“We are honored to be BAF India’s technology partner and we are delighted to be able to help digitize their collection processes. With FinnOne mCollect, BAF India will be able to accelerate their digitization journey, increasing business agility and delivering a more customer-centered experience. With this milestone, our lending mobility solutions are now processing over 20.58 million transactions worth more than $6.32 billion across our customer base,” said Mr. Vishnu R. Dusad, CEO, Nucleus Software.  



About Bussan Auto Finance India:

Bussan Auto Finance India Pvt. Ltd. (hereinafter referred to as BAF India) is a Non-Banking Finance Company under Sec. 45-IA of the Reserve Bank of India Act, 1934, established with a view to finance Yamaha Two Wheeler Vehicles across India. BAF India is a Joint Venture of Mitsui & Co., Ltd and Yamaha Co .,Ltd. BAF India is established with a view to enrich the lifestyle of Indian society through customer-friendly and quality financial services and to become the most preferred financier for customers and dealers of Yamaha two wheelers across India setting a benchmark in the industry.

About Nucleus Software

Nucleus Software Exports Ltd. is a publicly traded (BSE: 531209, NSE: NUCLEUS), software product company that provides lending and transaction banking products to global financial leaders.

Nucleus Software powers the operations of more than 200 Financial Institutions in over 50 countries, supporting retail lending, corporate banking, cash management, mobile and internet banking, automotive finance and other business areas. Its products facilitate more than 26 million transactions each day, managing over US $ 200 billion of loans and enabling more than 200,000 users logging in daily.

Nucleus Software’s flagship products, built on the latest technology are:
  • FinnOne NEOTM : The next-generation digital lending solution that is built on an advanced technology platform, designed to shape the future of lending across Retail, Corporate and Islamic sectors for banks and other financial service companies. The 10 time winner of ‘World’s Best Selling Lending Solution’, helps digitize the complete loan lifecycle.
  • FinnAxiaTM : An integrated global transaction banking solution used by banks worldwide to offer efficient and Innovative global payments and receivables, liquidity management and business internet banking services.
  • PaySeTM : The world's first online & offline digital payment solution designed and created with an aim to democratize money by making banking services available to the unbanked in remote geographies.
For more information, please visit : http://www.nucleussoftware.com

For Media related information, please contact:

Sunil Kumar Singh / Kiran Hans Khowal

Finese PR

Email: nucleus@finesepr.com
Phone: +91-9818363518 | +91-8375969143