New Delhi: Lending and transaction banking solutions provider Nucleus Software has launched the latest version of its lending solution – FinnOne Neo 4.0. The new version comes with a wide range of features that will help lenders capitalize quickly on rapidly evolving market trends and changing customer requirements and, above all, to turn the digital opportunities into profits.
Nucleus FinnOne Neo 4.0 comes with enhanced digital capabilities, which will help lenders completely transform their processes across the entire loan lifecycle. These include a comprehensive API suite with 250 APIs, numerous Straight Through Processing (STP) features and voice assisted loan servicing. The solution comes with a sophisticated extension layer (FinnOne Neo Xtend), which enables lenders to connect deeply into the lending ecosystem without requiring complex, time consuming and expensive software development projects. FinnOne Neo 4.0 helps lenders to rapidly assemble and launch innovative product ideas and lead the market. These include ‘Split Loans’, which allows the lender to run two loans simultaneously on different rate types (one on a fixed rate and the other on a floating rate) in a single loan application. With this release, FinnOne Neo is adding an advanced web-based location tracking solution to its comprehensive portfolio. FinnOne Neo Geo Tracker uses location-based data on field operatives to generate the actionable intelligence, which is needed to improve productivity and target opportunities more effectively. FinnOne Neo 4.0 further speeds up loan approvals with a smarter interface for access to related information and enables underwriters to approve loan applications via email supporting 24×7 operations.