- Rated “best in class” for client strength and named leader in this category.
- Received the “Global Innovator Award” for servicing a diversified customer base comprising banks, non-banks and emerging players across continents.
- Appreciated by customers for strong domain expertise in consumer lending as a distinguishing characteristic.
New Delhi, India. Nov 5, 2020 — Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced the recognition of its digital lending solution, FinnOne Neo® by Aite Group, the world’s leading research and advisory firm for the financial services industry.
The report Aite Matrix: Transforming Consumer Lending Through Loan Origination Systems, from Aite Group highlights the key strengths of FinnOne Neo®. These strengths include a vault of 360+ APIs for third-party integrations providing an open banking approach, 10 special zero-code engines allowing maximum configurability and modular design. According to Aite, FinnOne Neo® supports all types of consumer and business loans, thus providing a 360-degree view of customers to understand their full exposure. Also, the ML-enabled analytics capability helps target the relevant products to customers at the right time through the right channel. It also creates scorecard based credit decisions and predicts which accounts are most likely to become delinquent. During their discussion with Aite for this report, Nucleus’ customers commented that its domain expertise in consumer lending is strong and one of its distinguishing characteristics.
The Impact Report states that FinnOne Neo®’s 10 “engines” allow FIs to quickly configure all aspects of the loan origination process, including how leads are allocated and how rules, scoring, and workflow processes are carried out. The report evaluates the overall competitive position of 14 leading retail loan origination systems suppliers out of 32 suppliers who were invited to join, focusing on supplier stability, client strength, product features, and client services.
Ms. Leslie Parrish (Senior Analyst, Aite Group) said, “The far reaching economic impacts of the pandemic have accentuated the need for digital transformation in lending to create a better customer experience and make processes more efficient. This comprehensive report will help FIs make more informed decisions as they select new technology partners. FinnOne Neo® is worthy of strong consideration by FIs in Africa, the Middle East, and the Asia-Pacific, where it already has a strong presence while those in Australia and the U.S. looking for a comprehensive solution across the loan life cycle for a variety of loan products may also find it to be a compelling option. ”
Mr. R. P Singh (CEO, Nucleus Software) said, “We are proud that FinnOne Neo® has been recognized among the world’s top retail loan origination solutions in Aite Group’s report. FinnOne Neo® has been rated the “best in class” for client strength and bestowed the “global innovator award” as a market leader with modern solutions for banks and non-bank lenders of varying sizes worldwide. Our position in the report is a testament of not only the extensive depth and breadth of technological capabilities offered by FinnOne Neo but also brings forth the significant business value delivered to our customers.”
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 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
