Nucleus Software slips 5 per cent despite introducing latest version of its digital lending platform

Nucleus Software, a global leader in advanced digital technology platforms announced on Monday that it has launched FinnOne Neo 5.5, the latest version of its award-winning digital lending platform.   

The digital lending platform is designed to aid lenders in rapidly expanding business operations as well as generating digital revenue streams by targeting new customer segments. The platform will also improve their digital portfolio rapidly and deliver end-to-end contactless banking. It capitalises on ‘buy now, pay later (BNPL)’ opportunity as FinnOne Neo helps the lenders effortlessly handle the complexities associated with managing BNPL instant digital loans. Additionally, with support for a range of channels, including mobile apps & web portals, it also facilitates digital processing of the entire loan lifecycle.   

With this new launch, the digital platform would also help lenders in growing their businesses safely at a time when people are avoiding meeting face to face.  

Nucleus Software is one of the leading providers of lending & transaction banking solutions worldwide. The company operates in more than 50 countries, supporting retail lending, corporate banking, cash management, mobile & internet banking, automotive finance and other business areas.   

Despite such wonderful news, the stock of Nucleus Software Ltd dropped 5 per cent and was trading at Rs 567.60 during the second half of the trading session on Monday.