Nucleus powers Dhanlaxmi Bank's lending biz

NEW DELHI, INDIA: Nucleus Software Exports Limited, a provider of integrated software products for banks and financial institutions, today announced a order win from Dhanlaxmi Bank to implement FinnOne suite of products across the Bank’s 271 branches to power its retail lending business.

The new order win would help Nucleus to further strengthen and consolidate its position in the domestic market, while the implementation of FinnOne would facilitate Dhanlaxmi Bank to set-up a state-of-the-art platform for its retail lending business, said a press release.

FinnOne would enable Dhanlaxmi Bank to efficiently manage all the stages of loan application process, right from defining products and entering applicant details to verifying, approving and disbursing loan, and from maintaining repayment details to loan closure.

The core lending platform would help the Bank to service its retail customers more efficiently and enhance productivity.

Muralidharan R, president, Information Technology and Operations, Dhanlaxmi Bank said, “Retail lending will be the focus this year for the Bank and considering the high volume of loan transactions in retail assets business, the Bank required a robust end to end solution that facilitates quick turnaround time.”

“ Choosing a next-generation solution such as FinnOne will give Dhanlaxmi Bank the technological edge in offering world-class products and services to their customers. We are confident that this partnership will enhance the Bank’s productivity and build up value-added solutions for their customers,” added Niraj Vedwa, COO, Nucleus Software Exports Limited.

FinnOne suite of products would be implemented to manage the Bank’s loan servicing system for its retail assets such as home loans, loans against property, credit cards and other assets. The solution will provide the Bank with a competitive edge and a strong operational control.