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TAB Capital to have Nucleus’ lending solution

NBFC TAB Capital has selected FinnOne Neo Cloud, Nucleus Software’s cloud based lending solution. The company will implement FinnOne Neo Cloud solution to support the end to end digitization of its lending business. It will also fastrack its lending to MSMEs, which is hitherto impacted by the existing slow disbursals because of inefficient processes. TAB Capital will also focus on business loans and personal loans. FinnOne Neo Cloud is a comprehensive and standardized cloud based lending solution designed to facilitate easy management of the complete loan lifecycle – from designing and launching innovative products in minutes to dramatically reducing exposure to risk. Nucleus Software claims its product has reduced time to market, on-demand scalability and market-leading security. TAB Capital will also implement Nucleus FinnOne Neo Lending Mobility solutions – mCAS and mCollect – for leveraging the power of mobile in loan origination and collections. Abhay Bhutada, founder and MD of TAB Capital, said the association will enable the company to achieve the next level of growth by tapping into new markets and reaching customers in new and innovative ways.

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