Nucleus Software's FinnOne Neo powers TPBank Vietnam's TPFinance for digital consumer finance

With its extensive API stack, omni-channel capabilities and easy configurability, FinnOne Neo will enable TPFico to offer a unique digital first experience and instant approvals for consumer loans.

Jun 29, 2021 03:06 IST India Infoline News Service

Nucleus Software announced that FinnOne Neo will power the consumer finance business of Tien Phong Commercial Joint Stock Bank (TPBank), one of the leading banks in Vietnam. TPFico will offer instant digital loans anytime, anywhere, powered by the advanced digital lending platform FinnOne Neo.

Mr. Brajesh Khandelwal, VP and Global Head Fin nOne Neo Business, Nucleus Software, said, “We are delighted to help TP Finance as it advances on its journey to deliver industry-best digital experience to its consumer finance customers. We are confident that FinnOne Neo will provide TP Finance with the required impetus for growth and profitability. We have been supporting 40 leading financial services companies across South East Asia over the past decade. The financial services industry in Vietnam is moving ahead rapidly on the path of digital transformation and we are proud to be a part of this journey”.

With its extensive API stack, omni-channel capabilities and easy configurability, FinnOne Neo will enable TPFico to offer a unique digital first experience and instant approvals for consumer loans. The solution will allow TPFico to launch innovative loan products in minutes and automate processes end-to-end across the loan lifecycle, the company said in the filing.

The market leading digital lending solution will help TPFico enhance the efficiencies of its loan acquisition team [Sales, credit, operations and product] and loan management team, minimize chances of fraud and reduce Non-Performing Loans (NPLs).

With FinnOne Neo, TPFico will make faster, more comprehensive and data driven credit assessments by integrating with the wider ecosystem including the credit bureaus through APIs, it added.

On Tuesday, shares of Nucleus Software Exports Ltd ended at Rs608 up by Rs21.25 or 3.62% from its previous closing of Rs586.75 on the BSE.

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