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Nucleus Software Wins ‘Best Lending Technology Implementation of the Year’ Award for Cloud implementation
- - Resulted in 65% growth in loan portfolio within 3 months
- - 9X reduction in loan processing time with 70% increase in loans processed
- - Increased efficiency by 40%, reduced collection time by 50%
- - Implementation of FinnOne Neo cloud completed in just 4 days
New Delhi, India, March 26, 2018— Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced that the company won the award for the “Best Lending Technology Implementation of the Year" at the BFSI Innovative Technology Awards 2018. This award reinforces Nucleus Software’s proven leadership in the lending technology segment for the financial services industry.
Nucleus Software won the award for the record setting, 4-day implementation of FinnOne Neo Cloud at Sai Point Finance in India. The award is designed to recognize organisations that have excelled in creating customer-centric services, out of box services, innovative or economical services bringing tangible business results.
Sai Point Finance, a leading Non-Banking Finance Company (NBFC) has digitally disrupted the two-wheeler automotive finance market in India by offering completely digital and automated lending. Powered by FinnOne Neo on cloud, they have increased the number of loans processed by 70% while reducing collection time by 50%. As a result they have witnessed 65% growth in loan portfolio within 3 months of implementation. Details of the implementation can be viewed in the case study here.
“We are proud to have been able to support Sai Point in their continuing mission to transform automotive finance be leveraging advanced technologies. This award is another testimony of our commitment to help our customers succeed, and we are especially proud of the extremely rapid implementation delivered by our unique delivery approach. Benefits like these are part of the reason why we have gained 15 new customers in the last 15 months for FinnOne Neo Cloud” said Sarbpreet Singh, Global Head- Cloud Business, Nucleus Software.
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