The new release offers an advanced tech platform for better risk management and enhanced customer experience.
Nucleus Software, the leading provider of lending and transaction banking products to the global financial leaders, came out with their latest release of FinnOne Neo®, GA 6.0. FinnOne Neo® is Nucleus Software’s award winning retail lending product. The latest release aims at expansion of solution to cater to wider lending business segment of SME, MSME and Corporate business while continuing the momentum of digital and retail lending solution by strengthening regional, technical and API capabilities across the modules.
This release focused on following three main pillars i.e. introducing next generation Corporate lending solution on FinnOne Neo® platform with 3 new line of business through Bill Discounting, Cash credit and Business Term loans; Strengthening regional capabilities for ensuring a robust lending ecosystem solution by bringing in leading fintech and API integration touchpoints; and Widening the lending solution footprint by introduction of Payout management solution, that facilitates management of complex and dynamic payout plans for collection agency business.
“It has been our endeavor to keep ahead of the curve and pre-empt the issues that may face the industry. The twice a year releases of FinnOne Neo® ensure that our customers are equipped to handle any and every issue they may potentially face in their lending portfolio ”, says Mr. Parag Bhise, CEO, Nucleus Software. “FinnOne Neo® GA 6.0 provides an advanced technology platform to help corporate lenders drive higher efficiencies, ensure better risk management and enhance customer experience ”, he adds.
This release comes power packed with capabilities to support diverse landscape of corporate lenders in their digital strategies. It brings in digital solution framework for corporate lending catering to complete loan lifecycle, starting from origination to servicing and collections. FinnOne Neo® provides multiple lines of business in its corporate umbrella like Cash Credit, Business Loans and Bill Discounting loans. FinnOne Neo® 6.0 allows business to use cash credit as a revolving limit and iss secured against company’s receivables and current assets.
In addition, this release widens the fintech landscape on FinnOne Neo® with total 48 Fintech integrations that can readily elevate the consumer experience and operational efficiency to the next level. Eight new incremental Fintech and regional integrations are introduced in FinnOne Neo® GA 6.0 like SIMAH credit bureau integration for Middle East market, Employment verification through office email, Video KYC with Shufti Pro, MCA integration for company data auto population and eCourt integration to view legal details in Collections.
FinnOne Neo® 6.0 also introduces a new module with Payout Management System, which simplifies the computation of commissions/payout for various collection agencies and business partners, as per their terms and conditions. The solution is designed to make the entire payout process seamless and transparent along with increased efficiency and productivity.
In addition, the latest GA provides key capability upgrades that empower digital lending for retail and corporate business. The upgrades help in responsible lending offers, support value added products like insurance etc. during loan servicing, add to the collections modules for faster turnaround and provide enriched framework for an optimized and lightweight tech stack, leading to overall increase in efficiency and speed.
Another upgrade has been with myLoan – the AI powered chatbot for instant messaging platforms that has been enriched in FinnOne Neo® 6.0 to be deployed as a lead channel for both new and existing customer segments. With its pluggable API component based design, FinnOne Neo® myLoan will provide lenders with faster, easier and simpler digital repayments on message platforms like WhatsApp.
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
