Nucleus Software & Mahindra Rural Housing Finance win the “Most Innovative Use of Process Automation: Most Innovative Project” by IBSi Global Fintech Innovation Awards 2023

By Gloria Mathias

Nucleus Software has announced winning the “Most Innovative Use of Process Automation: Most Innovative Project” Award by IBSi Global Fintech Innovation Awards 2023 for the implementation of FinnOne Neo, their digital lending platform that is composable and cloud-agnostic, utilising implementation processes.

The FinnOne Neo Implementation project, marked by the deployment of modules such as FinnOne Neo Customer Acquisition System (CAS) for Retail, FinnOne Neo Loan Management System (LMS), FinnOne Neo Collateral Management System (CMS), and FinnOne Neo mCAS (mobility application) for Sourcing Verification, spans across diverse lines of business (LOBs), including home loans, loans against property, and personal finance.

The award acknowledged the implementation of the advanced functionalities of the FinnOne Neo digital lending platform, which spearheaded a transformation in the loan application process. This transformation resulted in the delivery of an exceptionally smooth and user-centric experience for borrowers of Mahindra Rural Housing Finance.

Shantanu Rege, MD & CEO of Mahindra Rural Housing Finance, said, “With streamlined operations, intelligent risk management, and personalised services, we are poised to redefine the lending experience for our valued customers. This accomplishment reaffirms our dedication to enhancing business agility and fostering sustainable growth, seamlessly aligning with our goal of customer centricity. This award serves as a testament to the collective endeavours of Mahindra Rural Housing Finance and Nucleus Software, solidifying our joint commitment to innovative and hyper-personalised financial solutions.”

Parag Bhise, CEO of Nucleus Software, added, “We are immensely pleased with our partnership with Mahindra Rural Housing Finance, where we actively champion their visionary advancements in digitization. The reception of this award serves as a powerful testament to our shared dedication to pioneering innovation and embracing a customer-centric ethos within the realm of lending solutions. This recognition serves as a catalyst, further igniting our enthusiasm to persist in our unwavering support for Mahindra Rural Housing Finance throughout their journey of business expansion by delivering robust and scalable solutions”.