Newgen has been recognized in the Gartner® Market Guide for Commercial Loan Origination Solutions (CLOS), 2023. In this report, authored by analysts Agustín Rubini and Derek Frost, Gartner defines CLOS as “software solutions specifically designed to facilitate the evaluation, approval, settlement and documentation of loans for businesses. These solutions serve as a centralized platform for lenders to assess business creditworthiness, collect and analyze financial information, automate document processing, and streamline the commercial lending process.”
Gartner sizes the market as at least 50 vendors globally. Vendors were required to have a CLOS that can be separately deployed from the core banking solution, cover SME and commercial banking segments, and have at least 10 active clients for loan origination.
Discover the transformative technologies and strategies reshaping the CLOS industry, propelling it towards efficiency, innovation, and compliance.
Why Read This Report?
- Dive deep into must-have capabilities, optional features, and use-case examples, providing a roadmap for evaluating and selecting the right CLOS platform for your financial institution.
- Get insights on the direction of the CLOS market, next-gen platform-based solutions, and how emerging technologies are being incorporated into product development roadmaps.
- Understand the market dynamics, including regulatory and compliance shifts, technological advancements, and the growing importance of platform-based composable suites.
Don’t miss out on the crucial insights that can shape the future of your commercial lending endeavors. Get your copy of the Gartner Market Guide for Commercial Loan Origination Solutions today.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.