The partnership will help the financial
institutions streamline their lending processes
NOIDA, India, May 22, 2024 /PRNewswire/ -- Newgen Software, a
global provider of low-code platform, announced that it has
partnered with Finastra, a global provider of financial
software applications, to offer best-in-class banking solutions for
existing customers and jointly expand the market base.
By joining forces, both companies will be able to deliver
enhanced customer experiences and attain greater ROI. Finastra's
comprehensive solutions will leverage Newgen's AI-powered
automation suite to transform loan origination processes for
consumer, commercial, and mortgage lending.
Rajvinder Kohli, Senior VP
and Head of Global GSI at Newgen Software, said, "The
partnership underscores our unwavering dedication to empowering the
banking sector. We anticipate harnessing Finastra's
capabilities to propel banks forward in their digital
transformation journey."
Achim Thienel, Head of
Universal Banking Partner Ecosystem, Finastra, said, "I'm
thrilled about our new partnership with Newgen. The close
collaboration between Finastra and Newgen promises to be a
resounding success. Together, we'll optimize processes and deliver
exceptional value to our customers."
Ritesh Verma, Head of
Business Solutions Group, Newgen Software, stated,
"Newgen's Lending Solution, built on a low-code platform,
transforms the loan origination journey. With robust integration
into core banking and document preparation systems, this
collaboration will empower Finastra's customers with advanced
API-based integration, accelerating their financial processes for
enhanced efficiency."
The partners will be able to offer end-to-end transformation,
from onboarding to loan lifecycle management and collections.
About Finastra
Finastra is a global provider of financial software applications
and marketplaces. It serves institutions of all sizes, providing
award-winning software solutions and services across Lending,
Payments, Treasury & Capital Markets and Universal Banking
(Retail, Digital, and Commercial Banking) for banks to support
direct banking relationships and grow through indirect channels,
such as embedded finance and Banking as a Service.
For more details, visit www.finastra.com
About Newgen Software
Newgen is the leading provider of a unified digital
transformation platform with native process automation, content
services, communication management, and AI/ML. Globally, successful
enterprises rely on Newgen's industry-recognized low-code
application platform to develop and deploy complex, content-driven,
and customer-engaging business applications. From onboarding to
service requests, lending to underwriting, Newgen unlocks simple
with speed and agility.
For more details, visit www.newgensoft.com
Contact
Swati Srivastava
swati.srivastava@newgensoft.com
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