Established in 1994, Atlas Finance serves 500,000 customers through a network of over 160 branches in South Africa. The company’s goal is to become the most trusted and preferred provider of personal loans; to help customers achieve their goals by providing them with loans responsibly, building their trust by serving them with dignity, respect and sincerity. Atlas Finance was looking for a means to reduce their non-performing loans, through the use of a sophisticated lending analytics solution to complement their Score Card needs. This would enable them to make data driven decisions seamlessly throughout the lending value chain. The company needed a dynamic solution in order to process loan applications in real-time, while also easily integrating into their technology landscape.

After a rigorous evaluation of the leading solutions available in the global marketplace, Atlas Finance selected Nucleus Lending Analytics due to its unique combination of product capabilities and system flexibility. With cutting edge statistical and data analysis capabilities, Nucleus Lending Analytics is a powerful and user-friendly solution enabling informed decision making through data visualization and business insight generation. The solution uses sophisticated predictive scoring models to allow financial institutions to create scorecards that span the entire loan management life cycle—from lead generation to collection. With Lending Analytics, Atlas Finance will now be able to make faster decisions, enhance customer experience with faster and more efficient on-boarding processes, and ensure higher recovery rates in all the stages of delinquency with lower collection costs.

Mr. Jack Halfton, CEO, Atlas Finance stated, "At Atlas Finance we wanted a dynamic predictive analytics solution to help us process loan applications in real-time, while also easily integrating into our technology landscape. Nucleus Software's Lending Analytics offers a unique combination of sophisticated product capabilities and advanced system flexibility. We look forward to leveraging the solution to make our decisioning processes across the origination and collections stages of our retail loan products faster, simpler and better."

Danny Mofsowitz, Marketing Director, Atlas Finance stated “From a marketing perspective, these analytics will allow us to gain a deeper insight into our clients and assist us in providing products and services that are relevant and appealing to specific segments. We are incredibly excited to see the results of our collaboration with Nucleus”.

Niresh Gopichand, Director of Risk, Atlas Finance quoted,“ Managing risk has become far more complex than it was in the past. Analytics has become a key function in collections and the more information we have in assessing risk, the more accurately we can pass credit. The results can only be of benefit to our clients as well as Atlas Finance”.

Mr. Vishnu R. Dusad, CEO, Nucleus Software said, “We are proud to be able to help Atlas Finance unleash the power of their data with Nucleus Lending Analytics. Atlas Finance’s focus on helping customers by serving them with dignity, respect and sincerity mirrors our own mission and that’s why we have grown from 1 customer in Africa 13 years ago to 18 across the continent today. We look forward to helping Atlas Finance transform financial services in South Africa.”

“Unlike traditional analytical tools which cater to a wider set of industries, Nucleus Lending Analytics is designed specifically to address the analytical needs of lending industry. We are already witnessing a lot of interest from financial institutions across the globe. Along with Atlas Finance, the solution has now been taken up by many Banks and Finance Service companies in Africa, India and the Middle East for complete loan life-cycle management by enabling more effective decision making, comprehensive portfolio management, increased collection effectiveness and streamlined operations,” Mr. Dusad further added.