Nucleus unveils latest version of FinnOne Neo for enhancing lending capabilities

Mr. R P Singh, CEO of Nucleus Software

Lending and transaction banking solutions provider, Nucleus Software, has launched its lending solution- FinnOne Neo 4.0 which comprises of an enhanced lending software, aiming to assist lenders in adapting to the dynamic market trends and customer requirements.

Mr. R P Singh, the CEO of Nucleus Software, stated, “Our continuous investment in new technology positions us well to deliver even more value to our customers and this is reflected in the latest version of Nucleus FinnOne Neo. In addition to supporting ever more sophisticated lending operations, FinnOne Neo has been benchmarked to support over 40,000 users with 25,000 loan applications originated every hour, servicing 15 million transactions and processing 4 million accounts in collections”.

According to the supplier, Nucleus FinnOne Neo 4.0 includes an API suite with 250 APIs, Straight Through Processing (STP) features and voice-assisted loan servicing. The lending solutions comprises of FinnOne Neo Xtend layers which aims to eliminate the complexities in the lending ecosystem and allow lenders to assemble and launch product ideas into the market. The Split Loans feature allows lenders to run two loans simultaneously on different rate types in a single application. FinnOne Neo Geo Tracker allows for the generation of location-based data on field operations for the generation of actionable intelligence.

Nucleus states that the enhanced version will result in faster loan approvals, better interface and will allow underwriters to approve loan applications via email.

Recently, Nucleus Software announced that CRDB Bank, a Tanzanian financial service provider, has gone live with Nucleus’ FinnOne Collections and Lending Analytics.

Related Posts