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Nelito Systems To Expand Footprints In Non-Banking Financial Segments

Nelito Systems, a Mumbai based digital consulting and solutions company catering to banks and governments, is expanding its horizons to provide IT solutions to Non-Banking Financial Company (NBFC) and Micro Finance Institutions (MFI) segments. The move comes after the company decided to expand its business in the overseas markets and as a part of its renewed India strategy.<br>

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Nelito Systems To Expand Footprints In Non-Banking Financial Segments

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  1. + Custom Search + Home About Quality + Careers Contact Home/News/Nelito Systems To Expand Footprints In Non-Banking Financial Segments + NEWS + + + Nelito Systems To Expand Footprints In Non-Banking Financial Segments Updated On : 19th July 2017 | Source : http://www.cxotoday.com/story/nelito-systems-to-expand-footprints-in-non-banking- financial-segments Nelito Systems, a Mumbai based digital consulting and solutions company catering to banks and governments, is expanding its horizons to provide IT solutions to Non-Banking Financial Company (NBFC) and Micro Finance Institutions (MFI) segments. The move comes after the company decided to expand its business in the overseas markets and as a part of its renewed India strategy. As a leading provider of India's Banking software solutions, Nelito Systems has created a niche for itself by offering its own products as well as services. It has expanded its focus to reach NBFCs and Microfinance government taking initiatives to promote Financial Inclusion and digitisation of the economic activities in India, the company sees a huge opportunity in smaller towns and rural areas. Microfinance companies. With the At a time when PSU and other private banks are struggling with NPAs, it is NBFCs and MFIs who are providing the financial support to the rural communities with small ticket loans. As per industry estimates, MFI's expanded more than 60% in the last FY. The reported 166 MFIs have reached out to an all-time high of 39 million clients with an outstanding loan portfolio of INR 63,853 crore. Many of these institutions are now looking to digitise their operations for various purposes such as lending, transactions, better service delivery and so on. Nelito expects strong growth in its business from this segment and command a significant share in the marketplace. It has already created a customer base and is engaged in implementation of the solutions at more MFIs and NBFCs. "Nelito is focussed on providing affordable excellence through its digital consulting and solutions to make a difference to lives of the people at the bottom of pyramid. It plans to do so within India and other developing countries by providing 'Technology for Banking the Unbanked'. Our solutions are helping our customers serve millions of borrowers affordably and efficiently," said Punit Jain, CEO, Nelito Systems Limited. He added, "Nelito Systems has a promising future due to its focus and expertise on Banking segments. It has started making inroads in overseas countries with its FinCraft suite of solutions. We expect about 30 per cent of our revenues coming from international markets in next 3 years." Banking & Financial Services Back to News converted by Web2PDFConvert.com

  2. Latest News Nelito Systems To Expand Footprints In Non-Banking Financial Segments Updated On : July 2017 National Housing Bank's 'PMAY CLSS' Mobile App launch – Developed by Nelito Updated On : July 2017 Mr. Punit Jain elected to the NASSCOM Domestic Council 2017-19 Updated On : March 2017 Nelito aims to more than double revenue to Rs 200 cr by 2020 Updated On : May 2017 Nelito Systems to expand global footprint, eyes Rs 200 crore by 2020 Updated On : May 2016 CLIENT SPEAK “The Bank is associated with M/S Nelito “Good & Co-operative.” “We appreciate your local team who Knowledge and service provided to the since 2002. M/S Nelito Systems Ltd has continuously supported & assisted our bank is beyond expectation. And we Ronniee Gupta | DGM UCO Bank needs and changing ideas. They worked been our CBS vendor since 2009. The team to meet the goal.” would definitely engage and efficiently from the project inception to Products, quality of service offered by recommend solution to others . Nagendra Nath Sinha | Principal Secretary IT Government of Jharkhand, Ranchi them are excellent. They have a very Rachelle F. Rivas | IT Project Manager (Senior Manager) Bank of the Philippine Islands (BPI) good support team and are trained enough for handling any type of invaluable to the success and launch of situation.” D K Kandpal | Vice President (IT) Nainital Bank converted by Web2PDFConvert.com

  3. + + + + + + + + + + Banking Solutions Banking Solutions Lending Solutions Lending Solutions Services Services Updates Updates More More © 2017 Nelito Systems Ltd. Terms & Privacy converted by Web2PDFConvert.com

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