NewgenONE Platform for
Group Onboarding
Enable faster group onboarding with a paperless and frictionless operation.
The group onboarding process is complex and time-consuming, involving multiple signatories, and requires verification and risk assessment of the business entity. To ensure frictionless and secure group onboarding, financial institutions must automate the end-to-end process across all channels. Newgen’s group onboarding solution, built on NewgenONE—a low code, cloud-based digital transformation platform—streamlines the end-to-end process while maximizing operational efficiencies. The solution helps onboard business entities for all financial products, including deposits, checking accounts, insurance, wealth, and pensions.
Features of Newgen’s Corporate Account Opening Solution
Multi-channel Onboarding
Onboard entities (new and existing) seamlessly via any channel—in-branch, online, desktop, laptop, tablet, and mobile. Offer omnichannel support by auto-rendering and aligning forms based on the device type.
Eligibility and Compliance Check
Calculate entities’ eligibility per the bank’s credit policy while leveraging the in-built BRMS rule engine. Checks, including compliance, internal blacklist, CB blacklist, world checks, MIDAS, CB rating, and fraud checks can be performed.
Document Management
Allow signatories to upload documents on the portal and auto-classify them into various types, such as national ID, passport, and driving license. Business documents, such as financial statements, certificate of incorporation, memorandum and articles of association/incorporation, profit and loss statements, etc., can be uploaded easily. Data can be extracted from different KYC, tax, and business documents.
Robust integration & Reporting analytics
Integrate with third-party and internal applications for pulling and deduping customers’ information and creating/activating their accounts. Get a 360-degree view of all applications. Additionally, gain detailed insights into user performance, products’ service level agreements, application conversion throughput, etc.
Account Funding and Servicing
Perform soft approvals on the portal and enable signatories to deposit money via payment wallets, net banking credit, and debit cards. Leverage the BRMS rule engine to enable other account-related services, including debit cards, check services, e-statements, overdraft facilities, etc.
Multi-channel Onboarding
Onboard entities (new and existing) seamlessly via any channel—in-branch, online, desktop, laptop, tablet, and mobile. Offer omnichannel support by auto-rendering and aligning forms based on the device type.
Eligibility and Compliance Check
Calculate entities’ eligibility per the bank’s credit policy while leveraging the in-built BRMS rule engine. Checks, including compliance, internal blacklist, CB blacklist, world checks, MIDAS, CB rating, and fraud checks can be performed.
Document Management
Allow signatories to upload documents on the portal and auto-classify them into various types, such as national ID, passport, and driving license. Business documents, such as financial statements, certificate of incorporation, memorandum and articles of association/incorporation, profit and loss statements, etc., can be uploaded easily. Data can be extracted from different KYC, tax, and business documents.
Robust integration & Reporting analytics
Integrate with third-party and internal applications for pulling and deduping customers’ information and creating/activating their accounts. Get a 360-degree view of all applications. Additionally, gain detailed insights into user performance, products’ service level agreements, application conversion throughput, etc.
Account Funding and Servicing
Perform soft approvals on the portal and enable signatories to deposit money via payment wallets, net banking credit, and debit cards. Leverage the BRMS rule engine to enable other account-related services, including debit cards, check services, e-statements, overdraft facilities, etc.
Customers
Prebuilt Connectors & APIs
Explore Newgen’s Digital Account Opening Solutions
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Innovative Product Suite Enabling Digital Transformation
Newgen is the leading provider of AI-enabled unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen’s industry-recognized low code application platform (LCAP) to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. Our products and applications have been recognized by the top analyst firms, including Gartner and Forrester.
Successful Implementations Worldwide
For nearly three decades, Newgen has been driving digital transformation initiatives and delivering superior customer experience with our industry-specific applications, available on cloud, on-premises, and in hybrid environments. Our platform-based products seamlessly integrate with virtually any internal and external systems, to ensure that our customers maximize their ROI from existing investments, while staying compliant and future-ready.
