July 21, 2024

Mahindra Finance partners with Nucleus Software to boost digital transformation of its lending services

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Mumbai, June 17, 2023: Mahindra & Mahindra Financial Services Limited, (MMFSL), part of the Mahindra Group, and one of India’s leading Non-Banking Finance Company today announced a strategic integrated partnership with Nucleus Software. This tech partnership with FinnOne NeoTM, the flagship product of Nucleus Software will help in strengthening the backbone for scale up. With its plug and play features, the product has the technological capability to link to partner eco-systems via various Fintech’s.

Additionally, the partnership seeks to enhance the employee experience of Mahindra Finance’s back-office and operations teams leveraging the capabilities of FinnOne NeoTM LMS and FinnOne NeoTM Collections. Additionally, the FinnOne NeoTM CAS would offer a strong credit backbone (CBB) to power the loan origination journey. These modules shall integrate with the entire business eco-system at Mahindra Finance through its API capabilities. Nucleus Software is a software product company that provides lending and transaction banking products to the global financial services industry.

Raul Rebello, MD and CEO – Designate, Mahindra Finance said, “Our constant endeavour is to ensure consistent and engaging experience to all our employees and customers. We are delighted to partner with Nucleus Software and leverage FinnOne Neo’s expertise to further strengthen and scale our loan management and servicing capabilities”

Parag Bhise, CEO, Nucleus Software Exports Ltd. said, “We aim to empower our customers by aligning technology capabilities to the business’s strategy and operations providing a foundation for flexible, scalable, future-proofed systems that deliver speed and efficiency. We are immensely happy that Mahindra Finance chose our IP product offerings over building bespoke software through a Services firm which clearly demonstrates the strength of FinnOne Neo’s digital capabilities. This partnership is a perfect example of strategic planning and collaboration on shaping strategy and automating operations.”