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Atlas Finance signs for Nucleus Software’s lendtech

New lendtech deal for Nucleus Software in South Africa

Atlas Finance, a microfinance lender in South Africa, has signed for Nucleus Lending Analytics from India-based lendtech vendor Nucleus Software.

Nucleus Software signs TAB Capital for flagship lendtech platform, FinnOne Neo Cloud

India

India-based finance company TAB Capital is implementing a new lending system, FinnOne Neo, supplied by domestic vendor Nucleus Software. The solution will be delivered in the cloud.

Nucleus Software lends cloud solution to Essel Home Loans

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India-based Essel Home Loans, a new housing finance subsidiary of Essel Finance, has opted for Nucleus Software’s FinnOne Neo Cloud for digitisation of its loan lifecycle. According to Nucleus, Essel Home Loans is keen to capitalise on the Government of India initiatives such as Pradhan Mantri Awas Yojana (PMAY) – which is designed to build […]

Five-Star for Nucleus Software’s lending solution in the cloud

India

India-based Five-Star Business Finance is modernising its lending operations with a new platform, FinnOne Neo, provided by local specialist vendor Nucleus Software. The solution will be delivered in the cloud. Five-Star is a non-banking finance company, and provides small business and small housing loans to “underbanked customers”. It chose FinnOne Neo to “help scale [its] […]

Nucleus Software revenue nudges up

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Nucleus Software’s consolidated revenue has moved up for the second quarter of FY 2017 – standing at IND 956 million ($14.8 million) compared to IND 847 million ($12.6 million) in Q2 of the previous year. For the quarter ended 30 September 2016, EBIDTA was IND 141 million ($2.1 million) in comparison to IND 17 million […]

Shubham Housing Finance opts for Nucleus’ FinnOne lending platform in the cloud

India

India-based Shubham Housing Development Finance Company has implemented Nucleus Software’s FinnOne Neo, a loan lifecycle management solution in the cloud. Nucleus says Shubham is one of the first dedicated housing finance companies in India to set up their lending platform on cloud infrastructure. Ajay Oak, chief operating officer of Shubham, says Nucleus was chosen “because […]

State Bank of India merges with associate banks

The State Bank of India (SBI) consolidates to create a major heavyweight on the domestic and global scene

India’s government has given the green light to the State Bank of India (SBI) to merge with its five associate banks. SBI is already among the largest an India and a sizeable international player, with the total assets of $400 billion and a network of 16,500+ branches (including over 190 international locations across 36 countries). […]

Nucleus Software launches mobile lending solution in Australia

Ravi Pratap Singh, Nucleus Software

Nucleus Software has released its mobile loan self-sourcing solution – mApply – for the Australian market. The firm says mApply helps banks digitise their loan origination lifecycle. Customers and mortgage brokers can view pre-approved loan offers from a bank, select the best offer and submit a paperless loan application “within minutes” and “without any need […]

Nucleus Software’s net profit and revenue fall in FY 2016

Vishnu R Dusad

Nucleus Software’s net profit after tax decreased in the financial year (FY 2016), from INR 647 million ($9.7 million) in the previous year to INR 325 million ($4.8 million). For the period ending 31 March 2016, revenue dipped from INR 3.48 billion ($52.2 million) compared to INR 3.53 billion ($53.03 million) in FY 2015. Vishnu […]

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