Bank of Sydney appoints Nucleus Software's lending solution 'FinnOne Neo' to accelerate digital lending transformation

With FinnOne Neo, Bank of Sydney will be able to launch new products faster, accelerate growth and offer next generation digital banking experiences to its customers.

May 18, 2021 11:05 IST India Infoline News Service

Nucleus Software, the leading provider of lending and transaction banking products to the global financial services industry, on Monday has announced that Bank of Sydney has chosen Nucleus Software’s flagship lending solution, FinnOne Neo, to accelerate its digital lending transformation strategy.

Bank of Sydney wanted a sophisticated lending solution to automate and digitize the origination processes for mortgages and credit cards. This would enable greater end-to-end acquisition and management of online customers.

With FinnOne Neo, Bank of Sydney will be able to launch new products faster, accelerate growth and offer next generation digital banking experiences to its customers.

The solution will digitize the bank’s complete, end-to-end loan lifecycle. FinnOne Neo will enable Bank of Sydney to connect with customers across a range of channels, while helping them make better credit decisions faster.

FinnOne Neo is the next-generation lending solution built on an advanced technology platform, designed to shape the future of lending across Retail and Corporate sectors. The solution also helps comprehensive loan servicing and sophisticated delinquency management. FinnOne Neo has been designed to meet the challenges of delivering agile and efficient solutions while reducing the cost of operations. With implementations across 50 countries, FinnOne has been recognized as the world’s best-selling lending solution for over 10 years.

Miltos Michaelas (CEO, Bank of Sydney) said, “As our customers’ needs evolve, technology has an ever-greater role to play in helping us achieve our goals. FinnOne Neo will allow us to launch new products faster, accelerate growth and offer a great digital banking experience to our customers. Ultimately, it will free up our people so that they can spend more time doing what matters – helping customers manage their banking needs”

Parag Bhise (CEO, Nucleus Software) said, “We are delighted to welcome Bank of Sydney to our rapidly growing customer base in Australia and to our global family of more than 200 financial institutions. Bank of Sydney with its belief in the power of real human connection, understands the need to embrace technology while delivering value to the customers. FinnOne Neo will give them the enhanced capabilities to build strong enduring relationships with their customers ”

At around 11:40 AM, Nucleus Software was trading at Rs591.45 per piece up by Rs32.5 or 5.81% on Sensex.

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