Religare Selects Nucleus Software's FinnOne

Religare Finvest (RFL), a 100 percent subsidiary of Religare Enterprises, has chosen Nucleus’ FinnOne suite to power its credit valuation, loan disbursal and collection processes across India. RFL selected FinnOne for credit evaluation, efficiency in loan disbursal and collection across all branches.

RFL is aggressive in the financial services arena across India offering three products – Mortgage, SME and Commercial Assets. All three will be catered by FinnOne through auto, personal and home loan products. RFL selected FinnOne for its state-of-the-art modules, vast implementation experience, functionalities and domain expertise. FinnOne allows for effective introduction of quick-to-market products and schemes best addressing today’s challenging environment. It will provide RFL with a flexible system to support its loan origination process and help in delinquency management.

Kavi Arora, president, Consumer Finance, Religare Finvest, says, “Religare Finvest is strengthening its position in the consumer finance business. We chose FinnOne for the comprehensive functionalities provided by the solution, scalability and its track record. We realise that such projects require constant support and involvement from the organisation itself, and believe that Nucleus Software will be able to match our expectations and partner in our growth.”

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