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Nucleus Software eyes African banking industry
   News: Banking News

Indian banking and financial services software powerhouse, Nucleus Software Exports has rolled out a new credit and loan system to help banks in Africa improve lending capabilities and procedures.


The company is working with Johannesburg based, Ubank, the worker and community banking and loan provider, to implement FinnOneTM, a market ready lending technology solution product.

According to Nucleus Software’s CEO Vishnu R Dusad FinnOneTM’s technology platform, will increase Ubank’s lending efficiencies and grow its current portfolio to 1.5 million accounts by 2017.


It was in the 80s and 90s that the Kenyan banking sector was saddled with Non-Performing Loans (NPLs) that led to the collapse of some banks and the creation of the Banking (Credit Reference Bureau) Regulations.


Source-BizTech Africa

 

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