Mahindra & Mahindra Financial Services Limited, (MMFSL), part of the Mahindra Group, today announced a strategic integrated partnership with Nucleus Software.
This tech partnership with FinnOne Neo, the flagship product of Nucleus Software will help in strengthening the backbone for scale up. With its plug and play features, the product has the technological capability to link to partner eco-systems via various Fintechs.
Additionally, the partnership seeks to enhance the employee experience of Mahindra Finance’s back-office and operations teams leveraging the capabilities of FinnOne Neo LMS and FinnOne Neo Collections. Additionally, the FinnOne Neo CAS would offer a strong credit backbone (CBB) to power the loan origination journey. These modules shall integrate with the entire business eco-system at Mahindra Finance through its API capabilities.
Nucleus Software is a software product company that provides lending and transaction banking products to the global financial services industry.
Raul Rebello, MD and CEO – Designate, Mahindra Finance said, “Our constant endeavour is to ensure consistent and engaging experience to all our employees and customers. We are delighted to partner with Nucleus Software and leverage FinnOne Neo’s expertise to further strengthen and scale our loan management and servicing capabilities.”
Parag Bhise, CEO, Nucleus Software Exports Ltd. said, “We aim to empower our customers by aligning technology capabilities to the business’s strategy and operations providing a foundation for flexible, scalable, future-proofed systems that deliver speed and efficiency. We are immensely happy that Mahindra Finance chose our IP product offerings over building bespoke software through a Services firm which clearly demonstrates the strength of FinnOne Neo’s digital capabilities. This partnership is a perfect example of strategic planning and collaboration on shaping strategy and automating operations.”
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 powers the operations of 200+ Financial Institutions in 50+ countries, supporting retail and corporate lending, cash management, mobile and internet banking. Its products facilitate 26+ million transactions per day, managing over US $ 500 billion of loans and enabling 500,000+ daily users. Nucleus Software has been a pioneer in creating strong financial technology products and has completed three decades of creating Intellectual Property on Indian soil. Nucleus Software’s flagship products, built on the latest technology are:
• FinnOne NeoTM: The next-generation digital lending solution that is built on an advanced
technology platform.
• FinnAxiaTM: An integrated global transaction banking solution used by banks worldwide.
• PaySeTM: The world’s first online & offline digital payment solution created with an aim to
democratize money.
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