Stock Report

Nucleus Software's FinnOne Neo to transform PVcomBank's retail lending

Posted On : 2022-07-18 22:00:21( TIMEZONE : IST )

Nucleus Software and CMC-TS have entered into an agreement with Vietnam Public Joint-stock Commercial Bank ("PVcomBank") to digitally transform the bank's lending origination operations. With Nucleus Software's lending platform FinnOne Neo, PVcomBank plans to launch innovative products and services in the market with great speed. Through this partnership, PVcomBank is expecting to double its consumer loans within the next 4 to 5 years.

Mr. Tan Tran (CEO, PVcomBank) said, "PVcomBank has been focused on providing "Gapless Banking" to it's customers and in line with this theme, we have decided to partner with the best in the Fintech industry- Nucleus Software. FinnOne Neo is a highly flexible, scalable platform with omni-channel capabilities that will support the diversified needs of our individual and corporate customers. We are confident that with the advanced functionalities and robust technology of FinnOne Neo, we will be able to move at an accelerated pace to become a Lifetime bank".

Mr. Parag Bhise (CEO, Nucleus Software) said, "We are confident that our platform will enable PVcomBank to move rapidly towards digitisation of lending, cater to the Bank's goals of retail product proliferation and help streamline its operations. We are strongly committed to Vietnam's financial service sector's development in partnering with them to unlock growth and help them stay ahead of the curve. Our association with CMC-TC demonstrates our commitment to provide world class services across Vietnam and South East Asia."

Mr. Ho Thanh Tung (CEO, CMC) said, "We have been one of the key vendors to PVcomBank. To add to our expertise, we partner globally with the best solution providers to enable our customers achieve their expectations. Our partnership with Nucleus Software, a globally renowned Fintech, will provide tremendous business value to PVcomBank".

Shares of Nucleus Software Exports Limited was last trading in BSE at Rs. 408.90 as compared to the previous close of Rs. 397.80. The total number of shares traded during the day was 6039 in over 274 trades.

The stock hit an intraday high of Rs. 414.40 and intraday low of 391.20. The net turnover during the day was Rs. 2452632.00.