Ambit Finvest has taken a step forward in its digital transformation journey by partnering with Nucleus Software, a provider of lending and transaction banking solutions. The collaboration centres around the implementation of FinnOne Neo, Nucleus Software’s cloud-based digital lending platform, to revolutionise Ambit’s lending operations and customer experience.
With a suite of 13 cloud-based modules covering loan origination, management and collections, FinnOne Neo enables end-to-end automation of workflows while seamlessly integrating with essential third-party services such as KYC providers, credit bureaus and payment gateways.
The transformation was executed through a structured and agile project approach:
- Strategic Planning: A dedicated steering committee, comprising stakeholders from both Ambit Finvest and Nucleus Software, guided the project, ensuring milestone-based progress and risk mitigation.
- System Integration and Data Migration: Data from legacy systems was meticulously migrated, with rigorous validation and testing to maintain data integrity and business continuity. The platform was integrated with external partners for real-time decision-making and regulatory compliance.
- Customisation and Scalability: FinnOne Neo’s highly configurable architecture allowed for alignment with Ambit Finvest’s specific business needs without customisation. Its cloud deployment also reduced infrastructure costs and enhanced scalability.
- Training and Adoption: Ambit’s teams underwent training to ensure smooth platform adoption, supported by a knowledge transfer program and continuous transition support.
Despite the complexities of migrating data and integrating with multiple third-party systems, the collaboration ensured secure, seamless and scalable deployment, laying the foundation for Ambit Finvest’s future growth in the digital lending space.
“The successful implementation of FinnOne Neo marks a transformative milestone for us,” said a spokesperson from Ambit Finvest. “It has allowed us to streamline operations, improve customer satisfaction, and scale efficiently in response to market demands.”
With this deployment, Ambit Finvest has reaffirmed its commitment to delivering technology-driven financial solutions, aligning with industry trends toward digital-first, customer-centric lending models.
