Nucleus upgrades retail lending product, FinnOne Neo

07th August 2021
Nucleus  upgrades  retail lending  product, FinnOne Neo

August 7 2021: Leading provider of lending and transaction banking products, Nucleus Software, has released,  FinnOne Neo, GA 6.0, latest edition of their winning retail lending product.
The latest release  expands the solution to cater to wider lending business segment of SME, MSME and Corporate business while continuing the momentum of retail and digital lending solution by strengthening regional, technical and API capabilities across the modules.
This release introduces a next generation corporate lending solution on FinnOne Neo platform with 3 new line of business through Bill Discounting, Cash credit and Business Term loans; Strengthening regional capabilities for ensuring a robust lending ecosystem solution by bringing in leading fintech and API integration touchpoints; and Widening the lending solution footprint by introduction of Payout management solution, that facilitates management of complex and dynamic payout plans for collection agency business.
FinnOne Neo provides multiplelines of business in its corporate umbrella like Cash Credit, Business Loans and Bill Discounting loans. FinnOne Neo 6.0 allows business to use cash credit as a revolving limit and iss secured against company’s receivables and current assets. It also introduces a new module with Payout Management System, which simplifies the computation of commissions/payout for various collection agencies and business partners, as per their terms and conditions. The solution is designed to make the entirepayout process seamless and transparent along with increased efficiency and productivity
“It has been our endeavor to keep ahead of the curve and pre-empt the issues that may face the industry. The twice a year releases of FinnOne Neo ensure that ourcustomers are equipped to handle any and every issue they may potentially face in their lending portfolio’, says Parag Bhise, CEO, Nucleus Software. “FinnOne Neo GA 6.0 provides an advanced technology platform to help corporate lenders drive higher efficiencies, ensure better risk management and enhance customer experience”, he adds.