· Digital lending to drive the next phase of growth in the post COVID-19 world
· Aimed at making better and faster credit decisions, enhancing business agility and boosting productivity
· New loan platform a critical part of the ‘Digital Blue’ end-to-end transformation initiative
Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry and Muthoot Fincorp Ltd., the flagship company of Muthoot Pappachan Group, today announced that Nucleus FinnOne Neo will power digital lending transformation at India’s leading NBFC.
As a part of its on-going group wide digital transformation initiative, Digital Blue, Muthoot Fincorp wanted to set the growth agenda for the next decade with customer centric, agile and data driven approach supported by advanced technology. The company chose Nucleus Software’s market leading digital lending platform, FinnOne Neo to implement future ready business processes, which can drastically bring down the time to market with innovative products, reduce the cost of operations and offer unmatched digital customer experience.
Deployed in the Cloud, FinnOne Neo will enhance credit risk management with comprehensive data-driven credit decision making, provide business agility to react swiftly to the evolving business needs and speed-up processes across the loan lifecycle. The lending transformation will help Muthoot Fincorp rapidly extend availability of easy and affordable credit to the unbanked segment in the post COVID-19 world, using the power of technology.
New Delhi. India, August 18, 2020