AI-powered Account Opening     |     60% reduction in abandonment rates     |     40% faster customer onboarding    |    20% higher customer satisfaction     |     100% compliance with all regulatory requirements     |     99.9% Security     |     AI-powered Account Opening     |     60% reduction in abandonment rates     |     40% faster customer onboarding    |    20% higher customer satisfaction     |     100% compliance with all regulatory requirements     |     99.9% Security     |     AI-powered Account Opening     |     60% reduction in abandonment rates     |     40% faster customer onboarding    |    20% higher customer satisfaction     |     100% compliance with all regulatory requirements     |     99.9% Security     |     AI-powered Account Opening     |     60% reduction in abandonment rates     |     40% faster customer onboarding    |    20% higher customer satisfaction     |     100% compliance with all regulatory requirements     |     99.9% Security     |     AI-powered Account Opening     |     60% reduction in abandonment rates     |     40% faster customer onboarding    |    20% higher customer satisfaction     |     100% compliance with all regulatory requirements     |     99.9% Security     |     AI-powered Account Opening     |     60% reduction in abandonment rates     |     40% faster customer onboarding    |    20% higher customer satisfaction     |     100% compliance with all regulatory requirements     |     99.9% Security     |    

“Newgen’s digital account opening solution reduced our onboarding time by 40% and boosted customer satisfaction significantly. Its automation and seamless integration have been game-changers for us.”

Chief Digital Officer, Leading Indian Bank

Key Features of Newgen’s Agentic Journeys for Customer Onboarding Solution

Multi-Account Onboarding for Faster, Smarter Customer Acquisition

Leverage AI to streamline the onboarding of diverse account types, including Savings, Current, Salary, Student, and Time Deposit accounts, across individuals, groups, and businesses. Leverage our intelligent solution that automates verifications, decisioning, and data population to enable seamless, scalable onboarding journeys using purpose-built AI Agents. With end-to-end AI-driven account opening, achieve faster acquisition, lower risk, and enhanced customer satisfaction.

AI/ML Powered Intelligent Decisioning and Risk Assessment

Harness AI Agents to perform real-time risk classification and dynamic assessment during onboarding. Newgen’s Intelligent Credit Decisioning Engine uses predictive models and rule-based logic to guide prompt-driven, evidence-backed conversations, streamlining the loan lifecycle from pre-qualification to disbursal with precision and speed.

Account Maintenance Automation

Leverage our multi-agent framework, which utilizes specialized agents to enhance efficiency and data security while offering a user-friendly interface and robust API capabilities. Enhance customer experience with automated and seamless Account Maintenance and Management solutions provided by Newgen, including Address updates, Re-KYC, and Contact Number updates, etc.

GenAI-powered Account Opening and Management Transformation

Reimagine account onboarding and management with NewgenONE Marvin, using GenAI, unlock customer behavioral insights, AI-led document generation, intelligent query handling, process automation, and advanced analytics for faster decisions, improved compliance, and superior customer experience.

Multi-Account Onboarding for Faster, Smarter Customer Acquisition

Leverage AI to streamline the onboarding of diverse account types, including Savings, Current, Salary, Student, and Time Deposit accounts, across individuals, groups, and businesses. Leverage our intelligent solution that automates verifications, decisioning, and data population to enable seamless, scalable onboarding journeys using purpose-built AI Agents. With end-to-end AI-driven account opening, achieve faster acquisition, lower risk, and enhanced customer satisfaction.

AI/ML Powered Intelligent Decisioning and Risk Assessment

Harness AI Agents to perform real-time risk classification and dynamic assessment during onboarding. Newgen’s Intelligent Credit Decisioning Engine uses predictive models and rule-based logic to guide prompt-driven, evidence-backed conversations, streamlining the loan lifecycle from pre-qualification to disbursal with precision and speed.

Account Maintenance Automation

Leverage our multi-agent framework, which utilizes specialized agents to enhance efficiency and data security while offering a user-friendly interface and robust API capabilities. Enhance customer experience with automated and seamless Account Maintenance and Management solutions provided by Newgen, including Address updates, Re-KYC, and Contact Number updates, etc.

GenAI-powered Account Opening and Management Transformation

Reimagine account onboarding and management with NewgenONE Marvin, using GenAI, unlock customer behavioral insights, AI-led document generation, intelligent query handling, process automation, and advanced analytics for faster decisions, improved compliance, and superior customer experience.

Customers
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Prebuilt Connectors & APIs

Deep Dive into various Facets of Newgen’s Retail Customer Onboarding Solution

Success Stories

Benefits of Newgen’s Customer Onboarding Solution

  • Seamless digital onboarding & KYC compliance by leveraging KYC Agent that offers digital verification and due diligence for faster, compliant customer onboarding.
  • AI-driven loan processing by leveraging our Credit Decisioning Engine for financial analysis and risk assessment, leading to accurate and efficient loan approvals.
  • Configurable & scalable loan lifecycle automation by utilizing an AI-driven, configurable platform to adapt to evolving banking needs and regulatory requirements.
  • Easily integrate with the core banking system for end-to-end support for consumer, group, and business accounts
  • AI-led omnichannel accessibility for applications with device-responsive interfaces
  • Accessibility of saving and resuming the application journey without losing data
  • Ability to prefill the application for existing customers via online banking authentication
  • Seamless integrated end-to-end journey for ID verification, funding, signing, and account opening
  • Frictionless journey with minimized manual efforts and automated data extraction from IDs
  • Access to GenAI-powered dynamic workflows, disclosures, data, and documents for different accounts

Explore Newgen’s Other Retail Banking Solution

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Explore how our AI-powered solutions can help retail banks with seamless onboarding and engagement of their customers.

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