Nucleus Software to launch its latest Lending Solution for Mutuals

Nucleus Software, the leading provider of lending and transaction banking solutions to the globalfinancial services industry, today announced its participation at the 2015 Customer Owned Banking Convention from 19th to 22nd September 2015 in Darwin, Australia. At the event Nucleus Software will, for the first time, demonstrate FinnOne Neo for Mutualsa solution designed specifically to meet the needs of the Mutuals sector.

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Building on their focused approach to customers, Australian mutual banking institutions are increasingly targeting market segments traditionally dominated by the major banks. Mutuals are now adopting the latest technologies to compete by launching innovative products with higher interest rates on deposits and lower borrowing rates to the benefit of their members. At the event, Nucleus Software will demonstrate how FinnOne Neo for Mutuals helps deliver the products and services customers demand at an attractive price point.

FinnOne Neo for Mutuals is a comprehensive and technologically advanced lending solution designed to manage the complete loan lifecycle – from designing and launching innovative products in minutes to dramatically reducing exposure to risk. With cloud-based deployment, the solution provides an effective mechanism to overcome the high upfront investment often associated with the latest technologies. The solution provides risk management, operational and decision-making support to Mutuals and other financial services companies.

Commenting on the participation, Mr. Thomas Jones, Associate Vice President, Nucleus Software Australia, said “We are delighted to be in a position to share our global expertise with organisations in Australia. Everyday our solutions are helping more than 150 of the world’s most innovative financial institutions deliver the wide range of products and services that their customers demand. We are proud to be showing – for the first time – our latest solution FinnOne Neo for Mutuals at the 2015 Customer Owned Banking Convention in Darwin.  Nucleus solutions deep functional coverage and flexibility helps Mutuals maintain the business agility demanded by the market. As it is specifically designed for Mutuals, we are confident that it will not only help meet customer expectations, but will drive growth through increased customer satisfaction. To help reduce the costs typically associated with the latest technologies, FinnOne Neo for Mutuals has been designed to be delivered via cloud as well.” 

The 2015 Customer Owned Banking Convention is a collaboration of the Customer Owned Banking Association and Australasian Mutuals Institute and is the annual meeting for the Mutuals and customer owned banking industry.

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