Nucleus Software launches new offering to help lenders capitalize on the Buy Now Pay Later opportunity Posted On: 2020-12-20 23:47:39 (Time Zone: Arizona, USA) Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced the launch of FinnOne Neo 5.5, the latest version of its award winning digital lending platform. The new version has been designed specifically to help lenders rapidly expand business operations and generate new digital revenue streams by targeting new customer segments. It will also enhance their digital portfolio rapidly and deliver endto-end contactless banking. The global 'Buy Now Pay Later' (BNPL) platforms market is expected to reach USD33 billion by 2027 at a CAGR of 21% over the period 2019-2027. This mode has gained in user preference with buyers looking for deferred payment options due to the impact of the pandemic. FinnOne Neo 5.5 helps lenders easily handle the complexities associated with managing the BNPL instant digital loans. With support for a range of channels, including mobile apps and web portals, FinnOne Neo 5.5 facilitates digital processing of the entire loan lifecycle. The solution provides comprehensive support for specialist automotive lenders across operating and finance leases, while also delivering additional revenue generation options through Value Added Products. To improve convenience and provide 24x7 contactless operations, customers can now complete loan service requests through smart watches, fitness trackers and WhatsApp-based Chatbots.