Manappuram Home Finance has selected FinnOne Neo Cloud, Nucleus Software’s cloud based lending solution. This is the fourth win in India for FinnOne Neo Cloud since the specialized solution was launched seven months ago. Backed by strong economic conditions and Government initiatives such as Pradhan Mantri Awas Yojana (PMAY) – a 3 phase programme designed to build more than 20 million homes by 2022 – the number of Housing Finance Companies (HFCs) is increasing. With increased competition, HFCs are seeking to provide fast, convenient and cost effective services to their customers. As a leading technology solution provider to the Banking and Financial Services Industry for the last 3 decades, Nucleus Software is committed to helping HFCs attain their business goals by leveraging digital services in cloud.
To support their growth plans and transform to a digital operating model, Manappuram Home Finance needed a sophisticated, flexible, high performance lending solution. After rigorous evaluation of the solutions available in the market, Manappuram Home Finance selected Nucleus Software’s FinnOne Neo Cloud as it is designed to cater to the specific business needs of Housing Finance Companies. This solution offers a unique combination of comprehensive functionality, flexibility and ability to deliver customer-centric products and services.