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Nucleus Software's FinnOne Neo Cloud wins the 'Best Cloud Lending Solution' award

Posted On: 2019-02-19 16:05:57

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."

Shares of NUCLEUS SOFTWARE EXPORTS LTD. was last trading in BSE at Rs.323 as compared to the previous close of Rs. 334.05. The total number of shares traded during the day was 387 in over 37 trades.

The stock hit an intraday high of Rs. 339.9 and intraday low of 322.95. The net turnover during the day was Rs. 125889.

Source: Equity Bulls

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