Nucleus Software Exports Ltd – FPT Information System (FIS) Consortium, the leading provider of lending and transaction banking products to the global financial services industry, has been awarded the contract for its retail loan origination system by the Joint Stock Commercial Bank for Vietnam’s foreign trade (Vietcombank – VCB). FinnOne Neo, the award-winning retail lending software, will help VCB deliver end-to-end digitization and launch innovative lending products, optimize the customer onboarding process, standardize credit assessment processes and to provide flexible loan reports.
Vietcombank – VCB is one of Vietnam’s largest commercial banks with over 600 branches in Vietnam and around the world, employing over 20,000 people.
“VCB launches the Retail Transformation Operation Model (RTOM) to focus not only on digitization, but also on the complete reorganization and systematization of the bank’s internal processes. We were looking for a robust system to manage our current personal loan offerings. and futures and chose FinnOne Neo because of its capabilities in all aspects of the loan lifecycle. We plan to implement it in our head office and all of our retail branches as soon as possible, ”Ms. Nguyen said. Thi Kim Oanh, Deputy Managing Director – Head of Retail Banking Group at Vietcombank.
“It is an honor to partner with Vietnam’s largest and most reputable bank in its RTOM model. With FinnOne Neo, we will be able to ensure seamless delivery of large volumes of retail business for VCB, so that they can launch innovative lending products. quickly and optimize the onboarding process for retail customers. It will also help VCB achieve a leading position in the retail lending industry, ”said Mr. Parag Bhise, CEO of Nucleus Software.
VCB will use FinnOne Neo Customer Acquisition System (CAS), a comprehensive loan origination system, to control and automate various business processes and activities performed in the processing of a loan application for advanced risk management and business process optimization . It will help integrate VCB processes for procurement and pre-disbursement.
Additionally, VCB will use original API packs that provide transparent and controlled data flow between systems. The API pack enables VCB to digitally connect with others in the ecosystem, which is a fast and personalized service. A user-friendly dashboard for application files, credit files, application file and disbursement file will be applied to the entire loan origination function.
FinnOne Neo from Nucleus is a cutting edge lending product designed to shape the future of lending across industries. It is a multi-channel solution that accelerates digitization throughout the entire loan lifecycle, from establishing contact with customers, making better and faster credit decisions, providing loan services. complete with the creation of analytical reports. It also has an agile and efficient design that lowers operational costs by using advanced technologies to make the lending process transparent. Nucleus lending platforms have been implemented in 50 countries around the world and have won 10 times the “World’s Best Lending Solution” award.
Shares of Nucleus Software Exports Limited were last trading on BSE at Rs. 494.25 from the previous close of Rs. 486.70. The total number of shares traded during the day was 2,124 in more than 184 deals.
The action hit an intraday high of Rs. 499.20 and an intraday low of 489.50. The net turnover during the day was Rs. 1,053,562.00.