Nucleus Software’s Latest Version Of FinnOne Neo To Help Lenders Tet Ready For An Increasingly Virtual World - GADGET-INNOVATIONS

Nucleus Software’s Latest Version Of FinnOne Neo To Help Lenders Tet Ready For An Increasingly Virtual World

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  • 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.

New Delhi, India. June 22, 2019