Business Daily Media

Men's Weekly

.

Newgen Recognized in the Gartner® Market Guide for Commercial Loan Origination Solutions 2023 Report

  • Written by PR Newswire
Newgen Recognized in the Gartner® Market Guide for Commercial Loan Origination Solutions 2023 Report

The market guide can help CIOs at banks evaluate commercial lending solutions on the basis of their customizable features, workflow capabilities, APIs, and functions, among other things.

NOIDA, India, Feb. 1, 2024 /PRNewswire/ -- Newgen, a global provider of a unified low-code platform for end-to-end automation at scale, is proud to announce that it was recognized in the Gartner Market Guide for Commercial Loan Origination Solutions (CLOS), 2023, report. The report emphasizes the evolving CLOS landscape, highlighting trends such as increased collaboration between fintech and incumbent vendors, the importance of flexible software design, and the role of technologies like artificial intelligence (AI) and open APIs in enhancing CLOS capabilities.

According to Gartner, "CLOS is a software application that enables lending institutions to manage the end-to-end process of opening lending products, from application through underwriting and closing, for businesses of different sizes. These can be consumed as on-premises software, cloud-based SaaS, integrations and API, and white-labeled solutions."

Newgen's commercial lending solution is built on its low-code platform, NewgenONE, offering a comprehensive suite of commercial banking solutions tailored to meet the diverse needs of commercial clients, ranging from SMEs to large enterprises. The platform empowers financial institutions to provide intuitive digital services, expedite lending decisions through AI-driven insights, manage risks efficiently, adapt swiftly to evolving regulations, identify new lending opportunities, and build long-term, profitable relationships in business banking.

"We believe this recognition validates our commitment to delivering innovative and tailored solutions to meet the dynamic needs of commercial banking. Newgen remains dedicated to empowering financial institutions with cutting-edge technology for efficient and profitable business banking operations," said Runki Goswami, Global Head of Marketing at Newgen Software.

To access the complete report, read the Market Guide for Commercial Loan Origination Solutions (CLOS) 2023. Additionally, click here[1] to learn more about how Newgen transforms Commercial Lending Functions.

Disclaimer: GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. Gartner does not endorse any vendor, product, or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner's research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Newgen Software Technologies Ltd.

Newgen is the leading provider of a unified digital transformation platform with native process automation[2], content services[3], communication management[4], and AI/ML[5]. 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, and many use cases across industries, Newgen unlocks simple with speed and agility.

For more details, visit www.newgensoft.com[6]

Media Contact :swati.srivastava@newgensoft.com[7] 

 

 

Source: Newgen Software Technologies Ltd.

References

  1. ^ here (newgensoft.com)
  2. ^ process automation (newgensoft.com)
  3. ^ content services (newgensoft.com)
  4. ^ communication management (newgensoft.com)
  5. ^ AI/ML (newgensoft.com)
  6. ^ www.newgensoft.com (www.newgensoft.com)
  7. ^ swati.srivastava@newgensoft.com (www.prnasia.com)

Read more https://www.prnasia.com/story/archive/4326576_AE26576_0

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

THE FINE LINE WITHIN HILARIOUS SIGNAGE DESIGN FAILS

It seems like design failures still occur in today’s modern branding era, despite rigorous rounds of approvals behind the scenes. One signage show...

Deputy Announces Exclusive Global Partnership with Predelo to Bring AI to Shift-Based Businesses

Deputy, the global people platform for shift-based businesses, has announced an exclusive partnership with Predelo, an AI Decision Agent-as-a-Serv...

Sell by LayBy