Mahindra Rural Housing Finance integrates Nucleus Software FinnOne Neo

Mahindra Rural Housing Finance, a subsidiary of Mahindra & Mahindra Financial Services Limited, has integrated FinnOne Neo, the next-generation digital lending solution from Nucleus Software. Completed in less than a year with zero business disruptions, this step aligns with the company’s digital transformation strategy, impacting both its retail and mortgage lending operations.

Mahindra Rural Housing Finance Completes Swift FinnOne Neo Implementation

The rapid deployment of FinnOne Neo is poised to change the landscape of rural lending for Mahindra Rural Housing Finance. The platform enables paperless operations from loan sourcing to disbursement and servicing, enhancing the company’s business agility.

Digital Transformation Goals and FinnOne Neo’s Role

FinnOne Neo aims to act as a supplement to Mahindra Rural Housing Finance’s digital transformation agenda. Features include robust, automated credit decisioning for intelligent risk management. Additionally, the system can be quickly integrated with the existing financial ecosystem, offering seamless straight-through processing. As a result, the partnership is expected to optimize operational efficiencies and meet regulatory compliances, adjusting to changing market dynamics and consumer demands.

Leadership Views on the FinnOne Neo Integration

Shantanu Rege, MD & CEO of Mahindra Rural Housing Finance, stated, “With paperless operations, intelligent risk management, and hyper-personalized services, we are now poised to redefine the lending experience for our valued customers.” Parag Bhise, CEO of Nucleus Software Exports Ltd, added, “We have been able to achieve go-live in record time with zero disruptions thanks to the dedication, clarity, and approach adopted by both teams.”

What’s Next: Optimizing Operational Efficiencies and Customer Experiences

The successful integration of FinnOne Neo means that all relevant loan applications will now be processed through this digital platform. The end-to-end loan lifecycle management system is anticipated to help Mahindra Rural Housing Finance achieve its vision of becoming the lender of choice in the rural housing finance sector.