Newgen Software Inc., a leading global provider of banking software solutions on its business process management-based banking industry framework, announced its association with New York Bankers Association (NYBA) as a service member. This membership will thrust on working towards providing scalable banking solutions to the member banks of NYBA.
Newgen’s comprehensive banking solution suite will help banks to automate end-to-end lending cycle for full range of lending products including commercial and retail lending, customer on-boarding, digital and mobile customer experience, commercial and institutional loan(C&I), commercial real estate loan(CRE) and small business administration(SBA).
Speaking on the association, Mr. Anand Raman, Vice President, Sales and Marketing, Newgen Software Inc. said, “US banking landscape is constantly evolving, new regulations are focussed on risk management and compliance. The partnership with NYBA resonates this philosophy, it aims to leverage the NYBA’s partner network and add real positive business value to the banks in the process.”
He added, “This membership will help us gain significant insights into the problems faced by the banking industry and how we can help the financial institutions to embrace our disruptive technology and help in scale, speed and compliance.”
President and Chief Executive Officer, Michael P. Smith, New York Bankers Association said, “We are very excited to welcome Newgen – an internationally recognized Business Process Management company – to the NYBA service member family. With proven ideological and financial commitments to developing technologies and systems, Newgen will provide invaluable insights into the future of banking and digital management.”
NYBA represents community, regional and money centre commercial banks and thrift institutions in New York State with 200,000 employees and more than $10 trillion in aggregate assets. As a service member, Newgen will be privy to issues faced by banks and financial institutes in their daily business.
About Newgen Software Inc.
Newgen Software Inc. is a global leader in banking process automation with more than 200 leading banks and financial services institutions as its clients. Newgen’s banking process management framework automates critical business processes for banking institutions across commercial lending, consumer lending, customer on-boarding, online account opening, trade finance, digital and mobile customer experience strategy. Newgen offers flexible on-premise and cloud-based solutions to its banking customers.