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BANKING TECHNOLOGY | Staff Reporter, India
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India’s ING Vysya Bank implements Nucleus Software's FinnOne

The bank’s auto loan, home loan, personal loan, education loan and consumer loan functions are now automated.

 

In a release, Nucleus Software Exports Limited, provider of integrated software products for banks and financial institutions, announced that ING Vysya Bank, one of the leading private sector banks of the country has successfully implemented its lending software solution FinnOne™ to drive the Bank’s consumer lending business across its branches in India.

Selected after a thorough evaluation of the various system proposals, ING Vysya Bank has implemented FinnOne™ Customer Acquisition System (CAS) version 3.7, Loan Management System (LMS) version 3.8 and Collections version 3.7. This execution has helped the bank to automate its Auto Loan, Home Loan, Personal Loan, Education Loan and Consumer loan functions, thereby enabling quick turnaround time to provide loans to its customers.

Commenting on the solution FinnOne™, Mr. CVG Prasad – Chief Information Officer, ING Vysya Bank Ltd, said “We were very focused on investing in a platform with the aim of upgrading the client experience and building our commitment to making banking easier for customers. The need was for a seamless system interface across the front office, processing centre and customer service units; which would crunch turn‐around‐time for customers and enable the bank to process higher volumes, faster. Nucleus Software’s excellent track record in the financial services sector made FinnOne™ a clear choice for us. We are sure that this implementation will optimize all our consumer lending operations.”

Mr. Vishnu R. Dusad, CEO & MD, Nucleus Software Exports Limited, said “We are pleased to have been selected by ING Vysya for enabling the technology for their consumer lending business. Our position of leadership is strengthened by more and more prestigious institutions deploying our products. We are confident that FinnOne™ will provide ING Vysya a strong and technologically advanced platform to improve customer services across retail, private and wholesale banking platforms.” 

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