Magma FinCorp, a leading Non Banking Financial Company (NBFC) has entered into collaboration with Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, to implement its lending solution.
Magma will implement Nucleus Software’s recently launched flagship lending product, FinnOne Neo for its loan origination and loan management operations. Using FinnOne Neo, Magma expects to reduce turnaround time for customer loan applications and to quickly conceive and launch new financial products and services, as well as reduce operational costs.
Magma Fincorp is a non-deposit taking non-banking finance company (NBFC), registered with the Reserve Bank of India (RBI) as an asset finance company. The company, having started operations over two decades back, is listed on the Bombay Stock Exchange and the National Stock Exchange in India.
