TrustRadius: an HG Insights company

FinnOne Neo

Score6.2 out of 10

23 Reviews and Ratings

Get a Demo

What is FinnOne Neo?

FinnOne Neo is an automated, workflow-based and technologically advanced lending solution that provides loan lifecycle management capabilities, available on-premise or from the cloud. It enables customers to digitize and automate their processes, launch tailored products, and offer services across multiple channels. FinnOne Neo helps digitize the complete loan lifecycle end to end, from initial contact with customers and helping make better credit decisions faster to loan servicing and delinquency management.

FinnOne Neo helps companies make better credit decisions, reduce credit risk and lower the levels of non-performing loans. Additionally,it is designed to cater to the unique requirements of banks and non-banking financial services companies and covers a wide range of loans, including personal loans, housing finance, auto loans, education loans, consumer durable finance and gold loans.


According to the vendor, key business benefits include:
    • Complete digitization of the loan lifecycle
    • Automated and paperless processes
    • Faster time to market through ready to plug-in and use solution
    • Add capacity and users quickly
    • Adapt to changing business needs quickly
    • Zero upfront infrastructure cost with pay-per-use opex cost
    • 24x7 business availability

Categories & Use Cases

Reviews

What users are saying about FinnOne Neo.
View all reviews

Beautiful Digital Automation Platform

Incentivized
Mufaddal DahodwalaView profile
Presales Project Manager in Marketing at Karix (501-1000 employees employees)

Use Cases and Deployment Scope

FinnOne Neo Cloud is used for the deployment of the best lending BPM platform which supports end-to-end digital automation across different clients. It has a robust architecture to solve problems of redundancy and ensure effectiveness in scale and speed. Business problems of process orchestration and multi-purpose dashboard for better analysis of all role-based tasks and system tasks to be properly aligned.

Pros

  • Process automation across banking use cases like customer onboarding.
  • Multi dimensional reporting analytical view.
  • Open integration platform.

Cons

  • Different Geographies support.
  • RPA and OCR capabilities.
  • Process mining capabilities.
  • Ott channels support seamlessly.

Most Important Features

  • Scalable architecture.
  • Reliability.
  • Process efficiency.

Return on Investment

  • Improved business revenue.
  • Less user drops.
  • Analytical information.

Alternatives Considered

Newgen Case Management

Other Software Used

Newgen Loan Origination, IBM Business Process Manager, OpenText BizManager

Best management solution

Incentivized
Verified User
Analyst in Manufacturing (1-10 employees employees)

Pros

  • Cloud management
  • Tracking of data
  • Ease of use

Cons

  • Better customer support

Most Important Features

  • Automated
  • Cloud
  • Paperless
  • Time saving
  • Digitization of the loan process

Return on Investment

  • Increases efficiency
  • Saves time and money
  • Less storage due to paperless

Alternatives Considered

TurnKey Lender

Other Software Used

TurnKey Lender

FinnOne is Number One!

Incentivized
Verified User
Analyst in Information Technology (1001-5000 employees employees)

Pros

  • One thing that makes a major difference is the compatibility with a mobile operating system. Because of its capability, access to our file had become less of a chore.
  • The analytics of this platform is more advanced, grasping data that are important to us and that will be in use daily, advanced stats provides us the accurate information we need for implementation.
  • The portal system makes security and privacy of our information confidential, and easy to use in sharing with someone else within the same domain. The portal helps us navigate the work we need and improves our quality of work.

Cons

  • The interface could be improved because there is some confusion in certain areas that need to be more friendly and clear.

Return on Investment

  • Our budget department has been reduced because of our licensing fee for FinnOne.
  • Our ROI has increased dramatically because it had opened doors to more opportunities out there that could not have been done previously without a cloud-based platform.