- Launch tailored loan products quickly to meet customer needs in COVID-19 situation
- Offer contactless digital
lending seamlessly integrated with the wider ecosystem
- Expand business reach with digital loan sourcing outside branch networks
Nucleus Software, the leading
provider of lending and transaction banking solutions to the global financial
services industry, announced the launch of the latest version of its award
winning lending solution - FinnOne Neo 5.0. As the financial services industry
is dealing with the on-going COVID-19 situation, the new version comes with a
wide range of features designed to help lenders implement their unique approach
to React – mitigate the immediate challenges, Adapt – adjust to the medium term
implications and Lead – come out stronger on the other side.
Nucleus
FinnOne Neo 5.0 offers advanced capabilities to completely digitize and
automate the complex lending processes as required in an increasingly virtual
world, accentuated by COVID-19. The solution streamlines and simplifies
integration and interaction with the growing lending ecosystem via a
comprehensive set of API capabilities including more than 360 APIs supported by
a specialized APICenter – FinnOne Neo’s API management module. The latest
release adds sophisticated capabilities to manage the complete lifecycle of
business collaterals.
With Sales Assist lenders can expand their business
reach by enabling their agents to originate loans digitally outside their
branch networks, in retail stores and automobile dealerships, with capabilities
such as KYC and address validation. To help address the urgent need to support
customers’ with additional credit, lenders can use the drop-line overdraft or
Flexi Loans for retail / MSME customers in FinnOne Neo 5.0 which come with
flexible repayment plans.
Adding to FinnOne Neo’s market-leading business
line coverage, the latest release adds support for Finance Against Securities
(FAS) to offer credit lines to individuals who pledge their financial
securities, Financial Leasing for consumer vehicles, commercial vehicles,
commercial and farm equipment, and Lifestyle Financing for on-the-go lending of
electronic goods, tours and travels, life care, fashion accessories and
furnishings.
FinnOne Neo’s comprehensive portfolio of digital
channels for lending, comprising Mobile Applications, Web Portals and AI
powered Chatbots, not only helps banks help meet social distancing requirements
but also improves operational effectiveness during lockdowns and remote
working. As risk increases, FinnOne Neo 5.0 provides enhanced capabilities for
more cost effective and efficient delinquency management including innovative
ways for loan repayments such as sending digital payment links, group collections
and call recording.
.JPG)
