The Financial Services Revolution - Powered by Nucleus FinnOne Neo Cloud

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Solution empowers NBFCs and HFCs to drive digital transformation in lending
Nucleus Software gains 25 new customers for FinnOne Neo Cloud
Some examples of lenders offering revolutionary products and services are:
Roha Housing Finance transformed the housing loan segment by providing approvals for housing loans in less than 2 hours against the industry average of 3 days, and reduced the time to cash by 50%. IFFCO (Kisan Rural Finance Ltd.) used FinnOne Neo Cloud to disburse agri-loans on-the-spot, directly to the farmers at their location, an industry first in India. FinnOne Neo Cloud has set a new benchmark of time to market with projects at Sai Point Finance and Money Wise, completed in 4 days and 2 days respectively. All customers benefit from FinnOne Neo Cloud's pay-per-use SaaS model which ensures that there is no upfront Capex and it aligns perfectly with the business cash flow cycle of start-ups and growing NBFCs and HFCs. Dilip Patil, MD of Sai Point Automobiles, India, said, "At Sai Point Finance, our mission is to continue to build our strong reputation for delivering innovative products backed by high quality, customer friendly services. I am confident that Nucleus FinnOne Neo Cloud is the best technology platform to help us scale fast, grow and enhance our customer experience. Because of the Nucleus team's hard work, dedication and expertise, we went live in just 4 days which is outstanding and a unique experience for us."

Mr. Rajendra Setia, Managing Director, Esskay Fincorp, said, "Esskay is now at an inflection point wherein in the recent past we have already invested heavily in mobilization of requisite resources and in the series of events technology was a miss. By adopting Nucleus FinnOne Neo, we are completing the loop which is intended to provide our customers a rapid, transparent and easy access to financial services offered by us."

Mr. V.P.Nandakumar, Chairman Manappuram Home Finance Pvt. Limited, commented, "Manappuram Home Finance focus is to provide best-in-class solutions to its customers in the affordable housing finance space. We chose Nucleus FinnOne Neo Cloud to give our customers instant access to a wide range of innovative products and services using channels of their choosing. Nucleus Software has a track record of helping financial institutions improve customer experience using technology. FinnOne Neo Cloud will help us launch new products more quickly and efficiently. With this solution in place, we look forward to deliver outstanding service to our customers."

Mr. Sarbpreet Singh (VP and Head - Cloud Business), said, "Our extensive experience combined with the strength of our innovative solutions, is enabling NBFCs and HFCs to deliver tomorrow's digital lending today. FinnOne Neo Cloud has enabled our customers to offer on-the-spot mortgage loan approvals, extend credit profitably to people with informal income, provide end-to-end loan services on mobile, expand easily into new lines of business quickly and handle large volume of loans cost effectively. I am delighted to see that our customers are seeing the benefits that FinnOne Neo Cloud brings. Today, we have 25 customers, but as 10 customers have selected our solution in 2018 alone, I expect that many more will soon be using FinnOne Neo Cloud to revolutionize financial services."

Key Features of Nucleus FinnOne Neo Cloud:
Faster time-to-market: Create and launch new products quickly Enhance business growth: Extend business reach and gain new business Digitize loan processing: Process applications faster and with more transparency Reduce credit risk: Make better credit decisions faster and improve collection rates Deliver service across channels : Offer anytime anywhere business across mobile and internet Analytics led approach: Benefit from data driven insights across the loan lifecycle About Nucleus Software:
Nucleus Software (BSE: NUCLEUS) (NSE: NUCLEUS) is the leading provider of lending and transaction banking products to the global financial services industry. Its software powers the operations of more than 150 companies in 50 countries, supporting retail banking, corporate banking, cash management, internet banking, automotive finance and other business areas. Nucleus Software is known for its world-class expertise and innovation in lending and transaction banking technology. It has two flagship products, built on the latest technology:

FinnAxiaTM, an integrated global transaction banking solution used by banks worldwide to offer efficient and Innovative global payments and receivables, liquidity management and business internet banking services. PaySe TM, the world's first offline digital payment solution offering online capabilities, is designed and created with an aim to democratize money. Forward-looking and Cautionary Statements: For risks and uncertainties relating to forward-looking statements, please visit: https://bsmedia.business-standard.comwww.nucleussoftware.com/safe-harbor?preview=true