Newgen Software, a global provider of low-code platform solutions, has announced a strategic partnership with Finastra, a global provider of financial software applications, to jointly offer best-in-class banking solutions and expand their market base.
The collaboration aims to streamline lending processes for financial institutions, enhancing customer experiences and achieving greater return on investment (ROI). Finastra’s comprehensive solutions will leverage Newgen’s AI-powered automation suite to transform loan origination processes for consumer, commercial, and mortgage lending.
Newgen Software, known for its low-code platform, offers AI-powered automation that revolutionises business processes. Finastra, a leader in financial software, provides award-winning solutions across lending, payments, treasury, and capital markets, as well as universal banking.
The partnership will enable the two companies to deliver end-to-end transformation from onboarding to loan lifecycle management and collections, thereby optimising financial processes and driving efficiency.
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 at 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.”
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