- Best-selling Lending Solution in India for the second year in a row.
- Recognized in the Lending Systems Category Leaders Worldwide.
- Nucleus’ lending solution has been named 10 times as the ‘World’s Best Selling Lending Banking Solution’ in IBS SLT.
New Delhi, India. May 28, 2019— Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced the recognition of its end-to-end digital lending solution, FinnOne Neo by IBS Intelligence in their Annual Sales League Table 2019.
Over the last two decades, Nucleus Software’s flagship lending solution had the honor of being recognized 10 times as the “World’s Best Selling Lending Banking System” for new named customer deals by IBS Intelligence in their annual Sales League Table. Throughout this period, the solution has been continuously enhanced, adding significant additional capabilities including Cloud, Lending Mobility, Microfinance, Digital Portal and Lending Analytics. The platform’s wide usage is evident from the fact that 300,000 business users login on it every day, using it to support more than $200bn in loan book value and one loan is booked every second on the system, somewhere across the globe. FinnOne Neo has been recognized as the “#1 Leader in the Lending Solutions Category in the Indian Domestic Sales League Table 2019” and recognized as “#2 Leader in the Lending Solutions Category in the Global Sales League Table 2019” released by IBS Intelligence. FinnOne Neo was the #1 Leader Lending Solution in India Domestic SLT in 2018 as well. Nucleus FinnOne Neo helps banks and other financial institutions digitize their end-to-end loan lifecycle, from initial contact with customers and helping make better credit decisions faster to comprehensive loan servicing and sophisticated delinquency management.
Mr. R. P Singh, CEO, Nucleus Software said, “Our position in the IBS Sales League Table this year continues to reflect the tremendous business value our customers gain from using our lending solutions. I’m particularly proud because this leadership position has been achieved with the latest generation of our award winning lending platform – FinnOne Neo. We are proud of the growth of our solutions across the world as shown by a number of records including having the world’s best-selling lending solution 10 times and the fact that our newly launched FinnOne Neo Cloud solution continues to gain at least 1 new customer every month since its launch. We believe that this performance is testament to the confidence of global financial services industry in the power, reliability and efficiency of our solutions.”
Mr. V Ramkumar (Senior Partner, Cedar and IBS Intelligence) commented, “IBS SLT ranking is based on the number of new-name-customer wins by the suppliers in the reporting year, for that solution offering. This year was extremely competitive and challenging however, we received entries from hundreds of leading banks and solution providers in the financial services industry. We congratulate Nucleus Software on being a part of the SLT over the years and maintaining their position in lending space. This demonstrates the tremendous impact that the combination of innovative technology and customer-centric business strategies can have on financial services.”
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 delivers disruptive Fintech Solutions to 200+ Banks and Financial Institutions across 50 countries supporting Retail, Corporate & SME Finance, Islamic Finance, Automotive Finance, Captive Automotive Finance, Cash Management, Mobile & Internet Banking, Transaction Banking and more. We facilitate over 26 million transactions each day through our globally integrated transaction banking platform. Our lending platform manages US $ 500 billion of loans in India alone, and over US $700 billion of loans globally other than India, while enabling 500,000+ users to log in daily.
Our Flagship Products FinnOne Neo® and FinnAxia® are backed by more than 3 decades of BFSI domain expertise and an inbuilt AI powered platform to realize the digital transformation goals of FIs worldwide.
- FinnOne Neo®: The next-generation digital lending platform, designed to revolutionize the lending process. FinnOne Neo® is built on an advanced technology platform, empowering financial institutions to streamline their lending operations, enhance customer experiences, and drive business growth.
- FinnAxia®: An integrated global transaction banking suite, trusted by banks worldwide to optimize their transaction banking processes. With FinnAxia®, financial institutions can efficiently manage their cash management, trade finance, liquidity management, and other transaction banking activities on a single platform, thereby improving operational efficiency, visibility, and enhancing client relationships.
- PaySe™: The world’s first online and offline digital payment solution, created with the vision to democratize money. This innovative payment solution offers users a seamless and convenient way to conduct digital transactions, both online and offline, facilitating financial inclusion and empowering individuals and businesses.
- Nucleus Software Services: Our comprehensive suite of services is tailored to assist banks and financial institutions in their digital transformation journey and maintain an optimal technology infrastructure. Through Nucleus Software Services, we offer a holistic approach to digital transformation, enabling organizations to deliver seamless customer experiences, achieve operational and cost efficiencies, and gain actionable insights to drive strategic decision-making.
These offerings collectively underline Nucleus Software’s commitment to driving innovation and empowering financial institutions to thrive in an increasingly digital world.
For Media related information, please contact:
Deepika Gulabani
Corporate Communications
Email: deepika.gulabani@nucleussoftware.com
Phone: +91-9310334963
Lending
Transaction Banking
Financial Inclusion
