December 16, 2024 – Newgen Software, a global leader in AI-powered digital transformation, announced its new Captive Finance Solution today, powered by the NewgenONE low-code platform. With this cutting-edge solution, captive finance organizations and NBFCs will unlock greater value through an intelligent and customer-focused ecosystem.
The solution caters to the diverse financing needs of retail customers, dealers, and suppliers with specialized modules for lending, leasing, inventory financing, working capital loans, term loans, credit limit management, and invoice discounting.
The capability will significantly streamline credit operations and compliance by automating workflows via smart decisioning
“Newgen’s Captive Finance Solution is designed to meet the real needs of today’s finance providers,” stated Sunil Pandita, SVP & Business Head, South Asia, Newgen Software. “By simplifying lending and leasing processes and providing smarter tools for risk management, we’re helping companies grow their business while delivering a better customer experience. It’s about making finance more efficient, secure, and customer-focused.”
Newgen’s value offerings for captive financing include Loan Origination, Loan Management, Lease Management, and a Collections Management Solution—all leveraging advanced analytics. Additionally, the proprietary GenAI models—NewgenONE Marvin and LumYn—provide real-time insights, automated content management, 360-degree customer behavior profiling, and hyper-personalized customer communication.
Newgen’s Captive Finance Solution is available for firms seeking to elevate their finance operations, minimize risk, and foster stronger customer relationships through digital innovation.
About Newgen Software
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 to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and many more use cases across industries. Newgen unlocks simple with speed and agility.
For more information, please visit http://www.newgensoft.com/
