New Delhi, India. November 14, 2017 - Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced that it has extended the digital capabilities of its award winning lending mobility solution. The solution which enables financial institutions to offer completely digitized loan services on mobile, is built around the ‘India Stack’ platform and now supports Adhaar Enabled Payment System (AEPS), empowering lenders to seamlessly integrate Adhaar based user authentication and provide convenient payments.
India Stack is the largest application programming interface (API) in the world supported by the open API policy of the Government of India. Digital India is creating an ecosystem to enable everyone to benefit from digital capabilities and Adhaar plays a key role in this. Adhaar-enabled transactions are certainly playing a huge role in contributing to the government’s mission of making India a less-cash economy built around the BHIM app and AEPS. Adhaar based payment solutions are inherently easy-to-use and are built in such a way that it reduces the banking costs of providing financial services.
With its enhanced digital capabilities, Nucleus Lending Mobility enables customers to apply for loans quickly and easily – demographic details are auto populated, eKYC authentication is Adhaar enabled, and completely paperless loan applications can be submitted with digital signatures. The solution helps customers carry out loan transactions and repay loans via mobile devices. This comes with real-time digital verification of residence, office, property, and underlying assets as the loan applications can now be submitted with images and geo co-ordinates.
Key capabilities of Nucleus Lending Mobility:
Mr. R P Singh, President and Global Head Products, Nucleus Software stated “Adhaar is playing a key role in the Government’s mission to digitally empower everyone and we are delighted to be able to contribute to this initiative with our advanced solutions. Customers can use our digital capabilities including biometric eKYC, paperless loan collections, digital signatures and digital verification, to do their banking ‘anytime, anywhere’. The digital infrastructure also helps banks, by increasing efficiency, reducing costs and helping reach more customers in more places. Building on our success, our lending mobility solutions is now processing over 30 million transactions worth more than $7 billion across our customer base”.
About Nucleus Lending Mobility:
Nucleus Software offers a comprehensive range of mobile based applications to help banks and financial service companies leverage the flexibility, scalability, efficiency and customer centricity offered by the mobile channel. Nucleus Lending Mobility enables banks to provide real-time access, faster service and enhanced operational control. The applications: mApply - for loan self -sourcing, mCAS - for reliable customer acquisition, mCollect - for efficient delinquency/debt management operations and mServe - a self-service application for end consumers.
Sunil Kumar Singh / Kiran Hans Khowal
Finese PR
Email: nucleus@finesepr.com