70% Reduction in Account Opening Time     |     90% Increase in First-Time Right Documentation     |     60% Boost in Digital Channel Adoption    |    50% Growth in Student Retention     |     40% Reduction in Operational Costs     |     70% Reduction in Account Opening Time     |     90% Increase in First-Time Right Documentation     |     60% Boost in Digital Channel Adoption    |    50% Growth in Student Retention     |     40% Reduction in Operational Costs     |     70% Reduction in Account Opening Time     |     90% Increase in First-Time Right Documentation     |     60% Boost in Digital Channel Adoption    |    50% Growth in Student Retention     |     40% Reduction in Operational Costs     |     70% Reduction in Account Opening Time     |     90% Increase in First-Time Right Documentation     |     60% Boost in Digital Channel Adoption    |    50% Growth in Student Retention     |     40% Reduction in Operational Costs     |     70% Reduction in Account Opening Time     |     90% Increase in First-Time Right Documentation     |     60% Boost in Digital Channel Adoption    |    50% Growth in Student Retention     |     40% Reduction in Operational Costs     |     70% Reduction in Account Opening Time     |     90% Increase in First-Time Right Documentation     |     60% Boost in Digital Channel Adoption    |    50% Growth in Student Retention     |     40% Reduction in Operational Costs     |    

“With Newgen’s Student Account Opening Solution, we saw a 70% reduction in account setup time and a 90% improvement in documentation accuracy. This has transformed how we engage with students and driven significant cost savings, enhancing both efficiency and satisfaction.”

Head of Online Accounts, Leading Indian Bank

Learn what Newgen’s Student Account Solution can do for you

Accelerated Onboarding

Enable quick and hassle-free account setup with automated workflows and digital processes. Students can open accounts in minutes, eliminating the need for lengthy paperwork and manual verifications.

Omnichannel Experience

Cater to tech-savvy students with mobile-first and web-friendly interfaces. Offer seamless access to account opening services across multiple channels, ensuring flexibility and convenience.

Secure and Compliant Processes

Simplify KYC and AML compliance with automated verification and fraud detection mechanisms. Ensure a secure environment for students and safeguard sensitive data with robust encryption.

Personalized Engagement and Offers

Engage students with tailored financial products such as education loans, debit cards, and savings schemes. Use integrated analytics to recommend personalized offers that align with their financial needs.

Accelerated Onboarding

Enable quick and hassle-free account setup with automated workflows and digital processes. Students can open accounts in minutes, eliminating the need for lengthy paperwork and manual verifications.

Omnichannel Experience

Cater to tech-savvy students with mobile-first and web-friendly interfaces. Offer seamless access to account opening services across multiple channels, ensuring flexibility and convenience.

Secure and Compliant Processes

Simplify KYC and AML compliance with automated verification and fraud detection mechanisms. Ensure a secure environment for students and safeguard sensitive data with robust encryption.

Personalized Engagement and Offers

Engage students with tailored financial products such as education loans, debit cards, and savings schemes. Use integrated analytics to recommend personalized offers that align with their financial needs.

Customers
The Bank Of Bahamas
Clarien Bank
Dubai Islamic Bank
Bank of Tanzania
Customers
Prebuilt Connectors & APIs

Benefits of Newgen’s Student Account Solution

  • 5x average volume increase to deliver increased business throughput
  • 2x increase in channel efficiency and 3x increase in cross-sell and up-sell opportunities
  • 3x decrease in fall-out rate, 80% decrease in incomplete application ratio and 5x increase in pull-through rate for effective funnel conversion.
  • 80% decrease in average cycle time and 80% decrease in manual cost
  • 50% average increase in digital channel throughput, 90% decrease in cart abandonment rate and improvement in STP and near STP cases.
  • Seamless integration, scalable solution with a single unified platform using a future-proof technology
  • 60% Reduction in Document Processing Time using NewgenONE intelligent document capture and automated indexing offering.
  • 100% Adherence to Lending Compliance Standards
Consumer Lending

Find Your Winning Strategy with Newgen

Request a demo to explore our solutions for seamless student onboarding, mobile-first account opening, and automated
compliance processes.

Request a Demo

Got Questions?

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