Nucleus Software Exports soars on deal with Vietcombank
Summary
Nucleus Software Exports jumped 4.90% to Rs 518.45 after the companys consortium FPT Information System (FIS) was awarded a contract by Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank - VCB). FinnOne Neo, the retail lending software, will help VCB to provide end-to-end digitization and launch innovative loan products, optimize customer on-boarding process, standardize credit appraisal processes and provide flexible loan reports. In addition, VCB will use Origination API packs that provide seamless and controlled flow of data across systems. "It is an honour to partner with Vietnams biggest and most reputed bank in their Retail Transformation Operation Model (RTOM). This will support VCB on their way to top-notch position in Retail Lending as well, says Mr. Parag Bhise, CEO, Nucleus Software.