Bank of Sydney leverages Lending Digitisation Solution FinnOne Neo™ from Nucleus Software to transform its lending processes

Bank of Sydney is an organization committed to providing genuine value for its people, customers, communities and partners. To deliver responsible and sustainable growth, the bank has a clear strategy that is supported by technological transformation. Core strategic initiatives which focus on driving efficiency and effectiveness, with an emphasis on automation, building workflows and digitizing processes across the business have significantly enhanced the banking experience for both the Bank's customers and people.

Through the digital lending platform FinnOne Neo™ from Nucleus Software, Bank of Sydney will be able to provide an improved customer experience with a faster approval process and communications. By employing the platform's real-time dashboard for tracking and reporting, the Bank aims to enhance both the internal and external transparency and accountability of its processes.

CEO of the Bank of Sydney, Mr. Miltos Michaelas, was delighted by the progress and said, "By adopting a plug & play platform like that of FinnOne Neo™ from Nucleus Software, Bank of Sydney is enabled to deliver faster and more efficient services in a seamless manner. There is a growing need for integration with various sources of data for swift and precise application on-boarding and decision making in the Financial Services Industry. FinnOne Neo™ provides the capability to integrate with third party systems to collect, combine, and use data for all of Bank of Sydney's lending requirements."

Mr. Parag Bhise, Chief Executive Officer of Nucleus Software was also pleased to state that "Our lending platform is highly configurable, thus, removing the need to create a new expensive and complex system from scratch. We expect that the deployment of our FinnOne Neo™ platform will further empower Bank of Sydney to further improve banking experiences for their customers".

With the successful and smooth go-live of the new platform, the majority of all Bank of Sydney applications are now being processed through FinnOne Neo™. The adoption of the platform establishes a strong foundation for further integration and growth for the Bank.

Shares of Nucleus Software Exports Limited was last trading in BSE at Rs. 376.40 as compared to the previous close of Rs. 376.95. The total number of shares traded during the day was 1831 in over 209 trades.

The stock hit an intraday high of Rs. 382.30 and intraday low of 374.85. The net turnover during the day was Rs. 691008.00.

Source : Equity Bulls

Keywords

NucleusSoftwareExports INE096B01018 BankofSydney FinnOneNeo