INDIAN BANK INTRODUCES SOFTWARE TO FACILITATE LENDING IN AFRICA.
Indian banking and financial services software powerhouse, Nucleus Software Exports has introduced a new credit and loan system to help banks in Africa enhance its lending capabilities and implement a robust and effective processes and procedures.
The company is working with Johannesburg based, Ubank, the community banking and loan provider to implement FinnOne, a market ready lending technology solution product.
Nucleus Software shows IT products and software solutions to global banking and financial services industry, while FinnOne is the flagship products of Nucleus Software, an integrated applications, designed to bring operational support, risk management and decision-making support to banks and financial services companies.
In a statement, Chief Executive Officer, Nucleus Software, Mr. Vishnu Dusad, said that with more than 22 customers in eight countries, the company has a long term focus on the vibrant growing African backing market.
''It will improve Ubank's lending efficiencies exponentially, and grow its current portfolio to 1.5 million accounts by 2017.
''The FinnOne lending solution will improve and enhance any credit process, including portfolio management and collections that will make achievement of operational efficiencies and a reduction of operational losses,'' Dusad said.
