Mirae Asset Financial Services (India) (MAFS) aimed to leverage cutting-edge technology to offer loan against securities to its customers under a branchless operation model with the slogan “Don’t Redeem it, Lien it Instead”. Towards this goal, Mirae Asset Financial Services (India) after careful consideration chose Nucleus Software to develop and implement a unique customer on boarding mobile app “Mirae Asset Financial Services”, a well-integrated, seamless, scalable, and reliable digital lending mobility solution that would allow customers to avail loan against their mutual funds and shares online quickly without having to visit branches or submit tons of paperwork. The mobility solution supports Instant Disbursal aligned to individual requirements, and complete online processing of security withdrawal, bringing about intelligent automation and transparency across the entire loan lifecycle.

Highlights of the Implementation

➢ Paperless end to end seamless digital experience, no physical paper, no visiting branches, no long waiting time.
➢ Pioneering mobile based secured and transparent loan against securities journey with accelerated go to market.
➢ A self-servicing platform where customers can complete all tasks associated with their loan account.
➢ Enabled end customers to receive loans within 15 minutes against mutual funds and same day against shares.

Mirae Asset Financial Services (India) partnered with Nucleus Software, a leading software company that provides lending and transaction banking products to the global financial services industry, to design and deploy a pioneering customer self on-boarding mobile App “Mirae Asset Financial Services” that provides a truly end-to-end seamless digital experience.

“While a normal physical processing for secured loans takes about 3-4 working days, the Customer Onboarding Mobile App Mirae Asset Financial Services coupled with our Loan Management Solution has enabled our customers to avail loans within 15 minutes in a straight through journey with superior, easy and transparent digital experience.”

Director & CEO of Mirae Asset Financial Services, Mr. Krishna Kanhaiya, stated “Our partnership with Nucleus Software will strengthen our operations and help us drive process improvements and business growth. With the mobility App we can deliver greater customer experience as it enables easy and straight through access to information throughout the loan lifecycle, with zero manual intervention. Our customers can now avail loans within minutes with minimal interest rates and easy repayment options. ”

Mr. Parag Bhise, Chief Executive Officer of Nucleus Software stated “Due to the robust, configurable and seamless integration capabilities of the digital lending platform and mobility application, Mirae Asset Financial Services (India) will be able to provide simplified financial solutions offering Fast, Easy & Hassle-Free instant loans with convenient and transparent end to end paperless digital process, thus contributing towards sustainability as well. We started building the mobility solution by technically and functionally evaluating different services offered by Fintech’s and integrating shortlisted services that were crucial for an advanced CX. ”

About Mirae Asset Financial Services

Established in 2020, Mirae Asset Financial Services India Pvt. Ltd. is committed to serving modern-day consumers’ financial requirements in a fast, convenient & transparent manner. The Company is a new-age Non-Banking Financial Institution (NBFC) with an innovative online platform to provide financial assistance when they need it & from wherever they need it. The Company takes pride in listening to their customers and cultivate each relationship through exceptional service that customers have come to expect and deserve. They are dedicated to creating true value in relationships and to adhering to our core values of respect and integrity.

Mirae Asset Financial Services (India) Pvt. Ltd. remains committed to bring innovative digital products to cater to the financial needs of Indian consumers. This is being made possible by coming together of an amazing team of solution-driven, like-minded individuals working to provide the best customer experience for customers.
For more information, visit: https://www.miraeassetfin.com/

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.

1. 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.
2. 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.
3. 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.
4. 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