Newgen Teams up with Mambu to Streamline End-to-End Lending Processes By CIOTechOutlook Team

Newgen Teams up with Mambu to Streamline End-to-End Lending Processes

CIOTechOutlook Team | Friday, 31 March 2023, 04:20 IST

The cloud banking platform Mambu has partnered with Newgen Software, a leading provider of minimal code digital transformation platforms. By combining Mambu's core banking systems with Newgen's lending solutions, built on the NewgenONE digital transformation platform, financial institutions can benefit from flexibility and adaptability.

"Newgen's solutions complement Mambu's core banking platform by streamlining lending functions across retail, commercial, SME, SBA, mortgage, and Islamic banking. The solutions align with Mambu's composable banking and lending approach to ensure faster market time and help financial institutions carve out their journey through customization options. With this listing on the Mambu marketplace, Newgen will enable more financial institutions in their digital journeys and impact more people and processes," said Rajvinder Singh Kohli, SVP, Sales, Newgen Software.

"Partnering with Newgen will bring value to customers by streamlining lending processes including onboarding, loan origination, and application management and underwriting. By combining the power of our cloud banking platform with Newgen's expertise in digital transformation, we can help more financial institutions offer modern lending experiences." - William Dale, Regional Vice President for Asia-Pacific at Mambu

With AI-enabled underwriting, rule-driven decisioning, real-time dashboards, and document management capabilities, Newgen's lending solutions facilitate greater cooperation and more efficient loan application and portfolio administration.