Nucleus Software’s FinnOne Neo powers TPBank Vietnam’s TPFinance (TPFico) for digital consumer finance.

• Offers truly digital and real-time experiences for personal and consumer loans.
• Enables rapid business expansion with faster, simpler and highly agile processes.
• Adopts comprehensive credit assessments and faster collections to minimize Non-Performing Loans (NPLs).

Nucleus Software, the leading software product company that provides lending and transaction banking products to global financial leaders, announced that FinnOne Neo will power the consumer finance business of Tien Phong Commercial Joint Stock Bank (TPBank), one of the leading banks in Vietnam. TPFico will offer instant digital loans anytime, anywhere, powered by the advanced digital lending platform FinnOne Neo. A study by Bain & Company, Google and Temasek Holdings Pte, entitled “Fulfilling Its Promise: The Future of  South East Asia’s Digital Financial Services” predicted revenue from digital financial services to reach $38 billion across Southeast Asia by 2025, with lending comprising half of that total. In Vietnam, digital payments gross transaction value will grow by 10%–13% CAGR until 2025 and the total amount of digital loans is expected to grow by more than 50% CAGR to 2025. Building on its long track record of innovation and customer focus, TPBank aims to provide cutting edge digital solutions in consumer financing via TPFico.

TPBank selected FinnOne Neo from Nucleus Software to cater to the customer demands for minimal branch visits, easier self-service and simpler digital access. With its extensive API stack, omni-channel capabilities and easy configurability, FinnOne Neo will enable TPFico to offer a unique digital first experience and instant approvals for consumer loans. The solution will allow TPFico to launch innovative loan products in minutes and automate processes end-to-end across the loan lifecycle. The market leading digital lending solution will help TPFico enhance the efficiencies of its loan acquisition team [Sales, credit, operations and product] and loan management team, minimize chances of fraud and reduce Non-Performing Loans (NPLs). With FinnOne Neo, TPFico will make faster, more comprehensive and data driven credit assessments by integrating with the wider ecosystem including the credit bureaus through APIs.

Mr. Dinh Van Chien, Deputy CEO cum Head of Retail Banking Division, TPBank said, “Financial Institutions are looking at advanced digital technologies to cater to the fast evolving needs and behavioural traits of the younger generation. We aim to provide real- time, transparent and convenient financing to our customers and to support this aim, we chose FinnOne Neo from Nucleus Software. The solution enabled us to launch TPFico and grow our consumer finance business. We are committed to be the best in digital experience in Vietnam and we believe that a strong technology backbone is the key to achieve that ”.

Mr. Brajesh Khandelwal, VP and Global Head FinnOne Neo Business, Nucleus Software said, “We are delighted to help TP Finance as it advances on its journey to deliver  industry  best  digital  experience  to  its  consumer  finance  customers.  We  are confident that FinnOne Neo will provide TP Finance with the required impetus for growth and profitability. We have been supporting 40 leading financial services companies across South East Asia over the past decade. The financial services industry in Vietnam is moving ahead rapidly on the path of digital transformation and we are proud to be a part of this journey ”.

About TPFinance and TPBank

Tien Phong Commercial Joint Stock Bank (TPBank) was founded on May 5th 2008. TPBank inherits technological expertise and financial strength from its strategic shareholders including DOJI Gold & Gems Group, FPT Group, Vietnam  National Reinsurance Corporation (Vinare), SBI Ven Holding Pte. Ltd (Singapore), IFC International Finance Company (under World Bank) and PYN Elite Fund. The bank’s mission is to offer most effective banking & finance solutions to our customers, especially the young and active segment. Based on its advanced technological infrastructure and specialized management, TPBank has always been pioneering in setting trends in modern banking services, aiming to become the leading digital bank in Vietnam. To know more about the TPBank, please visit: https://tpb.vn/eng/ve-tpbank

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