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eBook: 5-Point Action Plan for Taming High Abandonment Rates

CCUP

Why Platform?
Touch Shortest-Path Funding

Win Straight through processing (STP) to manage a growing number of loan applications

Newgen’s Retail Loan Origination Solution (RLOS) engenders auto-approvals and eligibility checks for straight through processing of loan applications. The solution offers capabilities such as-

Automated Assessment Business rules and credit policies can be specified and embedded in the online application. The personal information of applicants can be auto-populated from identification documents like driving license; thus, reducing the need for manually entering information.

Swift Onboarding The alert mechanism of the solution provides timely notifications for the required documentations based on loan product, entity type etc. Documents can then be scanned or captured via mobile devices to be uploaded online.

Exception Management Exceptions are flagged for back/ middle office support users to reach out to the applicant and help resolve the concern. Enhanced user interface, shorter application processing time, and a choice of quick and easy funding methods make the process frictionless.

To know more about our Solutions, please fill the Request a Demo form on the right or write to us at info@newgensoft.com

Request a Demo

  • WP 2nd

    eBook: 5-Point Action Plan for Taming High Abandonment Rates

    • What does the fast-changing business landscape suggest for banks?
    • The five-point action plan for tackling high abandonment rates

    Download eBook

  • WP

    Brochure: Unified Platform for Retail lending

    • Faster time to market with ready-made solution accelerator
    • Leverage existing investments through seamless integrations
    • Manage exceptions through a configurable rule-based framework

    Download Brochure

  • WP

    Brochure: Online Account Opening Software

    • Why Bank Customers Do Not Prefer Online Banking Channels?
    • How to Reduce Abandonment Rate in Online Account Opening?

    Download Brochure

  • WP 2nd

    Whitepaper: Guiding Principles of Digital Account Opening

    • Debunking myths of online account opening
    • Driving factors for digital account opening
    • Imperatives of digital business

    Download Whitepaper

Our Customers

  • A government owned $60+ Bn bank
    managed the demands of its growing customer base by streamlining its critical business processes and improving overall efficiency with Newgen's solution.

  • A leading financial services provider established in the late 50s leveraged Newgen's solution to expand its product portfolio and branches, reduce turnaround time, and ensure better compliance.

  • A new-age $12+ Bn multinational bank harnessed Newgen's solution to streamline
    its 10 critical processes, effectively leverage
    its legacy system, and reduce turnaround time by 90%.

  • bankdhofar

    Case Study: Caribbean Bank Retail Lending Operations

    • Reduced form filing time by 80-90% with auto population of data
    • 90-95% improvement in adherence to SLAs and regulatory compliance
    • 70-80% reduction in operational costs and turnaround-time

    Read More

     
  • credit

    Case Study: Account Opening Process Automation at Bank Dhofar

    • Reduced turnaround time and operational costs by 70-80%
    • Reduced time taken to fill forms by 80-90% with auto population of data
    • Reduced time taken in processing service differentiation

    Read More

     
  • credit

    Case Study: HSBC Singapore Transforms Its Credit Card Onboarding

    • Reduced operational costs
    • Faster processing with end-to-end automation
    • Superior customer experience

    Read More

     

Media Coverages

  • 6
    Retail Lenders Beware! The Bar Has Been Raised Further
    • Harnessing digital techniques can help banks cultivate a sticky customer base
    • Raise the bar for customer experience in retail lending
  • 2
    The Age of Branchless and Paperless Banking
    • A truly digital banking experience is both paperless and branchless
    • Leveraging enterprise mobility can digitally transform online account opening

Analyst Recognition

  • 6
    Newgen Software Positioned as a ‘Leader’ in Digital Process Automation Report by an Independent Research Firm
    • positioned as a ‘Leader‘ in The Forrester Wave™: Digital Process Automation software, Q3 2017
    • Gained highest rating possible in the collaborative modelling and dynamic case management criteria
  • 2
    Newgen Positioned as a ‘Leader’ in ECM (Enterprise Content Management) by an Independent Research Firm
    • Positioned as a ‘Leader’ in The Forrester Wave™: ECM Transactional Content Services, Q2 2017
    • Gained a 4 out of 5 rating in BPM, metadata, and multichannel capture criteria