Mahindra Finance collaborate with Nucleus Software to boost lending services

14 Jun 2023 , 12:50 PM

Mahindra & Mahindra Financial Services Limited (MMFSL), a subsidiary of the Mahindra Group, today announced a strategic integrated partnership with Nucleus Software.

This technological collaboration with FinnOne Neo, Nucleus Software’s flagship product, will aid in the strengthening of the backbone for scaling up. The product has the technological capability to connect to partner eco-systems via various Fintechs thanks to its plug and play features.

Furthermore, the collaboration aims to improve the employee experience of Mahindra Finance’s backoffice and operations teams by utilising the capabilities of FinnOne Neo LMS and FinnOne Neo Collections.

The FinnOne Neo CAS would serve as a robust credit backbone (CBB) to support the loan origination process effectively. Through API capabilities, these modules will integrate with Mahindra Finance’s entire business eco-system. 

Nucleus Software is a global software company that specializes in providing lending and transaction banking software solutions to the financial services industry. The company has been at the forefront of developing advanced financial technology products and has a rich history of three decades in creating intellectual property within India. 

Its products facilitate over 26 million transactions per day, manage over $500 billion in loans, and serve over 500,000 daily users.

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