Request a Meeting!
Request a Meeting!
Request a Meeting!

Request a Demo
Request a Demo
Request a Demo

Press Release

Nucleus Software’s latest version of FinnOne Neo to help lenders accelerate their path to digital revenues

June 25, 2019 | Press Release

  • - Transform operations with enhanced digital capabilities including voice assisted loan servicing
  • - Boost innovation and agility with market leading loan products and services
  • - Dramatically improve efficiency with best-in-class benchmark performance

New Delhi, India. June 25, 2019 - Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced the launch of the latest version of its award winning lending solution - FinnOne Neo 4.0. The new version comes with a wide range of features that will help lenders capitalize quickly on rapidly evolving market trends and changing customer requirements and, above all, to turn the digital opportunities into profits.


Technology shifts are forcing businesses to transform. According to Gartner, by the year 2030, digitization will make 80% of heritage financial services firms irrelevant – by going out of business, or becoming commoditized or only existing formally but not competing effectively. Customers, based on their experience in other industries, are demanding seamless and personalized experiences in financial services. FinnOne Neo combines three decades of experience working with some of the world’s most innovative lenders with the latest technology, and the result is a unique solution to accelerate lenders’ path to digital profits.

 

Nucleus FinnOne Neo 4.0 comes with enhanced digital capabilities, which will help lenders completely transform their processes across the entire loan lifecycle. These include a comprehensive API suite with 250 APIs, numerous Straight Through Processing (STP) features and voice assisted loan servicing. The solution comes with a sophisticated extension layer (FinnOne Neo Xtend), which enables lenders to connect deeply into the lending ecosystem without requiring complex, time consuming and expensive software development projects. FinnOne Neo 4.0 helps lenders to rapidly assemble and launch innovative product ideas and lead the market. These include Split Loans’, which allows the lender to run two loans simultaneously on different rate types (one on a fixed rate and the other on a floating rate) in a single loan application. With this release, FinnOne Neo is adding an advanced web-based location tracking solution to its comprehensive portfolio. FinnOne Neo Geo Tracker uses location-based data on field operatives to generate the actionable intelligence, which is needed to improve productivity and target opportunities more effectively. FinnOne Neo 4.0 further speeds up loan approvals with a smarter interface for access to related information and enables underwriters to approve loan applications via email supporting 24x7 operations.

 

Mr. R P Singh (CEO, Nucleus Software) stated, “Businesses all over the world are recognizing the need to transform into digital organizations. Our continuous investment in new technology positions us well to deliver even more value to our customers and this is reflected in the latest version of Nucleus FinnOne Neo. In addition to supporting ever more sophisticated lending operations, FinnOne Neo has been benchmarked to support over 40,000 users with 25,000 loan applications originated every hour, servicing 15 million transactions and processing 4 million accounts in collections. This robustness and power represents best-in-class performance world-wide. I look forward to many more lenders joining the growing Nucleus community”.

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