FinnOne Neo LMS is an advanced and comprehensive bank loan management system that aims to improve the quality, turnaround time and service for end-customers. It enables banks to improve the agility, transparency and efficiency of their lending solutions. As a loan management solution, it enables financial institutions to automate the processes for achieving cost savings and enhanced customer experience.
FinnOne Neo LMS supports both cloud and on-premise deployments. It can be deployed quickly in partnership with leading cloud providers without high upfront capital expenditure. Cloud deployment provides flexibility in scale while optimizing costs by supporting pay-per-use models.
FinnOne Neo LMS provides below business benefits to banks to optimize their consumer lending solutions:
FinnOne Neo LMS includes the features required by a lender in the servicing process:
Flexible Repayment Frequency: Daily, weekly & bi-weekly repayment frequencies supported for both, single & multi-disbursals
Queue based asynchronous Servicing: Avoids repeated disbursal entry for loan booking by providing zero downtime routine
FinnOne Neo LMS is designed by adopting the latest technological stack; offering SOA architecture. This aids in customization and interfacing with other applications in the enterprise eco system and enables straight through processing. FinnOne Neo LMS provides: