Cambodia. New Delhi, India, September 19, 2018— Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, announces the successful go live of its lending software at VietCredit Finance Joint Stock Company in Vietnam. FPT Information System Corporation (FPT IS), a leading IT Corporation from Vietnam supported the project as a consultant and a regional partner.
VietCredit Finance Joint Stock Company (VietCredit) - previously named CFC - founded in 2008, headquartered in Hanoi, Vietnam, is a general financial institution that provides a range of financial products and services to consumers such as capital market, credit products and other financial services. With a vision to become a leading financial technology corporation, VietCredit focuses on technology development to strengthen its competitive edge.
Nucleus FinnOne Neo has enabled VietCredit to benefit from the advancements in technology in the quickest timeframe. The new system will enable VietCredit to digitize and automate its processes, shorten time to market while launching innovative loan products, and offer a seamless experience to its customers. VietCredit is using FinnOne Neo Customer Acquisition for sourcing their credit card applications to take advantage of the solution’s comprehensive credit risk assessment and faster on-boarding capabilities. FinnOne Neo Collections platform is helping VietCredit manage their delinquencies effectively.
Mr Hồ Minh Tâm, CEO, VietCredit Finance Company said, “Technology has changed the face of the financial services sector in last few years. VietCredit Finance Company aims to be a leading market player in this space and we are committed to continuously make necessary investments to ensure that we provide a unique customer experience. Our choice of Nucleus Software is instituted on their remarkable track record and strong technology. With this solution in place, we are confident that we can deliver our growth strategy and increase our customer base through enhanced efficiency and improved customer experience”.
Mr. R. P Singh, Executive Director and CEO, Nucleus Software said,” VietCredit believes in the importance of advanced technology to offer innovative financial products, optimize the operations and risk management. We are delighted with VietCredit’s trust in FinnOne Neo which will enable them to execute their growth agenda - attracting new customers and expanding regional operations in Vietnam. Today, Financial Services companies such as VietCredit need to provide real-time, transparent and convenient services and that is exactly what Nucleus FinnOne Neo was designed to offer.
He further added, “Our strong presence in South East Asia is backed by three decades of working with the world’s most innovative financial services firms. Our deep domain expertise and relentless focus on customer success means that we are uniquely positioned to help banks and other financial institutions in Vietnam. We look forward to leveraging our extensive experience in this region to deliver the best-in-class services that VietCredit needs to grow its business and fulfil the aspirations of its customers”.
FinnOne Neo, helps digitize the complete loan lifecycle end to end, from initial contact with customers and helping make better credit decisions faster to comprehensive loan servicing and sophisticated delinquency management. FinnOne Neo has been designed to meet the challenges of delivering agile and efficient solutions while reducing the cost of operations. With implementations across 50 countries, FinnOne has been recognized as the world’s best-selling lending solution for over 10 years.
Licensed for name renewal on June 18, 2018 VietCredit Finance Joint Stock Company inherit the Cement Finance Joint Stock Company, marking a strategic development step as focusing on consumer finance expansion.
Over the past 10 years of establishment and development, the Company has accumulated experiences as well as get prepared for the new phase – The phase of applying science and technology in the financial industry.
Based on that solid foundation, VietCredit steadily invested in synchronous and modern technology with the regional and international standard. Initial results reinforced this strategic direction as the entire IT infrastructure for consumer finance was deployed and put into operation in May 2018.