• Gained 25 new customers for FinnOne Neo® Cloud.
• Reduced loan approval times by 50%.
• 72% reduction in loan application processing time.

New Delhi, India, February 19, 2019 — Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, announced that the company won award for ’Best Cloud Lending Solution’ at the BFSI Innovative Technology Awards 2018 for FinnOne Neo® Cloud. In addition to this, one of our implementation also won the “Best Lending Technology Implementation of the Year”. These awards reinforce Nucleus Software’s proven leadership in the lending technology segment for the financial services industry.

Nucleus Software’s innovative solutions and extensive experience is helping NBFCs and HFCs to deliver tomorrow’s digital lending – today. With Nucleus FinnOne Neo® Cloud lenders can offer on-the-spot mortgage loan approvals, extend credit profitably to people with informal income, provide end-to-end loan services on mobile devices, expand easily into new lines of business quickly and handle large volume of loans cost effectively.

The award recognized the tremendous benefits achieved by Shubham Housing Development Finance Company Limited. The innovative Non-Banking Finance Company has digitally transformed its business through Nucleus FinnOne Neo® Cloud. Results delivered include: reductions in loan application processing time by 72%, and 50% reductions in turnaround time for loan approvals. With faster loan processing, Shubham established a new benchmark for delivery in the industry. Details of the project can be viewed in the case study here.

Sarbpreet Singh (Global Head – Cloud Business, Nucleus Software) said, “We are proud to be recognized with these prestigious awards, which demonstrate the tremendous impact that the combination of innovative technology and customer-centric business strategies can have on financial services. Market leading lenders are leveraging the power of our advanced solutions to drive their digital journeys.

These are exciting times for us as we have gained more than 25 customers in the last 24 months, and as testament to the design of FinnOne Neo® Cloud, 20 of them have gone live already.  For 3 decades our award-winning solutions have been providing our customers with the agility they need to succeed in the marketplace, and look forward to continuing to support the transformation of financial services worldwide.”

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