Against a background of entrenched competition, demanding customers and low margins, Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs) have grown tremendously and today deliver a wide range of compelling financial products and services.

This growth, powered by their business reach, product innovation and presence in niche segments, has not gone unnoticed. NBFCs and HFCs are faced with a tightening regulatory landscape and the threat posed by the new market entrants with innovative business models. To counter the threat and continue to take advantage of the rising demand for their services, NBFCs and HFCs need advanced cloud lending technology solutions delivering product innovation, business agility and high quality customer service.

FinnOne Neo Cloud is a highly scalable, workflow-based, technologically advanced end-to-end cloud lending solution. Designed to manage the complete loan lifecycle for NBFCs and HFCs, FinnOne Neo Cloud helps you launch tailored loan products in a matter of minutes while automating your business processes for efficiency. The solution helps you reduce credit risk by managing Non Performing Assets (NPAs) in a structured and systematic way.

As an omni-channel solution, FinnOne Neo Cloud lending allows your customers to initiate and monitor their loan applications across mobile and online channels while delivering a seamless customer experience. The solution offers tremendous advantages such as faster implementation, lower cost, ease of scalability and flexibility in operations. Deployed in the cloud, the solution combines the advantages of having the best in class lending solution without high upfront capital expenditure and associated operational expenses.

To reduce time to market, the solution is available as an off the shelf offering that can be deployed quickly in partnership with leading cloud providers. FinnOne Neo Cloud is platform agnostic and can work with most of the leading cloud platforms available in various markets.