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Nucleus Software’s FinnOne Neo recognized among the top 3 retail loan origination systems worldwide by Aite Group
- - Rated “best in class” for client strength and named leader in this category
- - Received the “Global Innovator Award” for servicing a diversified customer base comprising banks, non-banks and emerging players across continents
- - Appreciated by customers for strong domain expertise in consumer lending as a distinguishing characteristic
New Delhi, India. Nov 5, 2020 — Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced the recognition of its digital lending solution, FinnOne Neo by Aite Group, the world’s leading research and advisory firm for the financial services industry.
The report Aite Matrix: Transforming Consumer Lending Through Loan Origination Systems, from Aite Group highlights the key strengths of FinnOne Neo. These strengths include a vault of 360+ APIs for third-party integrations providing an open banking approach, 10 special zero-code engines allowing maximum configurability and modular design. According to Aite, FinnOne Neo supports all types of consumer and business loans, thus providing a 360-degree view of customers to understand their full exposure. Also, the ML-enabled analytics capability helps target the relevant products to customers at the right time through the right channel. It also creates scorecard based credit decisions and predicts which accounts are most likely to become delinquent. During their discussion with Aite for this report, Nucleus’ customers commented that its domain expertise in consumer lending is strong and one of its distinguishing characteristics.
The Impact Report states that FinnOne Neo’s 10 “engines” allow FIs to quickly configure all aspects of the loan origination process, including how leads are allocated and how rules, scoring, and workflow processes are carried out. The report evaluates the overall competitive position of 14 leading retail loan origination systems suppliers out of 32 suppliers who were invited to join, focusing on supplier stability, client strength, product features, and client services.
Ms. Leslie Parrish (Senior Analyst, Aite Group) said, “The far reaching economic impacts of the pandemic have accentuated the need for digital transformation in lending to create a better customer experience and make processes more efficient. This comprehensive report will help FIs make more informed decisions as they select new technology partners. FinnOne Neo is worthy of strong consideration by FIs in Africa, the Middle East, and the Asia-Pacific, where it already has a strong presence while those in Australia and the U.S. looking for a comprehensive solution across the loan life cycle for a variety of loan products may also find it to be a compelling option”.
Mr. R. P Singh (CEO, Nucleus Software) said, “We are proud that FinnOne Neo has been recognized among the world’s top retail loan origination solutions in Aite Group’s report. FinnOne Neo has been rated the “best in class” for client strength and bestowed the “global innovator award” as a market leader with modern solutions for banks and non-bank lenders of varying sizes worldwide. Our position in the report is a testament of not only the extensive depth and breadth of technological capabilities offered by FinnOne Neo but also brings forth the significant business value delivered to our customers.”
About Nucleus Software
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 $ 500 billion of loans and enabling more than 500,000 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.
- FinnAxiaTM : An integrated global transaction banking solution used by banks worldwide.
- PaySeTM : The world’s first online & offline digital payment solution created with an aim to democratize money.
For Media related information, please contact:
Sunil Kumar Singh / Kiran Hans Khowal
Finese PR
Email: nucleus@finesepr.comPhone: +91-9818363518 | +91-8375969143