Muthoot Fincorp Announces the Next Phase of Digital Transformation with Nucleus FinnOne Neo® - Nucleus Software

An advanced technology platform, designed to deliver agile and efficient solutions while drastically reducing the cost of operations

Corporate Lending

Enhanced Agility via Digitizing SME and Corporate Lending

Learn more
Retail Lending

End-to-end digital lending across the entire lifecycle of origination, servicing & collections

Learn more
Islamic Finance

Interest Free Banking Governed by Shariah Principles

Learn more
Automotive Lending

Advanced Automotive Lending Software for complete loan life cycle management

Learn more

Digital transaction banking suite that is modular for a composable banking experience

Integrated Transaction Banking Suite – FinnAxia®

FinnAxia®, End-to-end global Transaction Banking Suite; optimally manages Receivables, Payments, Liquidity, Financial Supply Chains and Corporate Trade

Learn more

Ensure responsible lending with our API-backed products for easy & seamless connectivity to the financial ecosystem

FinnOne Neo® mFin

Easy, fast and digitized access to microcredit, anytime, anywhere.

Learn more

An offline and online digital cash solution designed to democratize finance.

Learn more


Muthoot Fincorp Announces the Next Phase of Digital Transformation with Nucleus FinnOne Neo®

August 18, 2020

  • – Digital lending to drive the next phase of growth in the post COVID-19 world
    – Aimed at making better and faster credit decisions, enhancing business agility and boosting productivity
    – New loan platform a critical part of the ‘Digital Blue’ end-to-end transformation initiative

New Delhi. India, August 18, 2020: Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry and Muthoot Fincorp Ltd., the flagship company of Muthoot Pappachan Group, today announced that Nucleus FinnOne Neo® will power digital lending transformation at India’s leading NBFC.

As a part of its on-going group wide digital transformation initiative, Digital Blue, Muthoot Fincorp wanted to set the growth agenda for the next decade with customer centric, agile and data driven approach supported by advanced technology. The company chose Nucleus Software’s market leading digital lending platform, FinnOne Neo® to implement future ready business processes, which can drastically bring down the time to market with innovative products, reduce the cost of operations and offer unmatched digital customer experience. Deployed in the Cloud, FinnOne Neo will enhance credit risk management with comprehensive data-driven credit decision making, provide business agility to react swiftly to the evolving business needs and speed-up processes across the loan lifecycle. The lending transformation will help Muthoot Fincorp rapidly extend availability of easy and affordable credit to the unbanked segment in the post COVID-19 world, using the power of technology.

Mr. Thomas John Muthoot (Chairman and Managing Director, Muthoot Pappachan Group) stated
, “COVID-19 is going to change the way we do business and how we function. We know that technology will be critical to help us address the challenges, and that’s why we chosen FinnOne Neo® from Nucleus Software.  We were impressed with the solution’s sophisticated digital capabilities and the way it is helping deepen our understanding of customers’ banking needs. This solution will enable us to drive innovation into our operations, support our continuous growth and enable us to provide our customers a complete digital experience. This is the next step of Muthoot’s Digital Blue initiative, a program designed to deliver an end-to-end digital transformation of our business”.

Mr. Eugene Koshy (Chief Purpose Officer, Muthoot Pappachan Group) said
 “We want to be the most trusted financial service provider, providing best-in-class services to our customers at their doorstep. The MSME market size of 60 million is the bulwark of Indian economy and contributes to about 30% of GDP. Addressing their credit gap has been a key focus area at Muthoot Fincorp through its deep understanding of the customer needs and challenges as they operate in a volatile eco system. In Nucleus Software, we have found a company that shares our vision and values with the cutting-edge technology focused on delivering outstanding experiences to customers”.

Mr. R P Singh (CEO, Nucleus Software) said,
 “Technology is transforming customers’ expectations while also enabling lenders to meet and exceed those expectations. Muthoot Fincorp is a visionary NBFC that understands the importance of sophisticated technologies in realizing these expectations. It is pleasure to work with progressive thinkers like them who converted the COVID-19 situation into an opportunity to kick off their technology transformation program. With FinnOne Neo’s advanced capabilities, Muthoot Fincorp will be able to completely digitize and automate the complex lending processes as required in an increasingly virtual world, accentuated by COVID-19.

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 $ 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 NEO™ : The next-generation digital lending solution that is built on an advanced technology platform.
FinnAxia® : An integrated global transaction banking solution used by banks worldwide.
PaySe® : The world’s first online & offline digital payment solution created with an aim to democratize money.

For more information, please visit :

For Media related information, please contact:

Deepika Gulabani
Corporate Communications
Phone: +91-9910093430