Newgen Software Technologies has been recognized as a Representative Vendor in the 2024 Gartner ® Market Guide for Commercial Loan Origination Solutions. We feel this report, authored by analysts Derek Frost and Agustin Rubini, aims to empower banking CIOs to assess commercial lending solutions based on adaptability, innovation, and user experience.
We also believe it offers key recommendations and use cases relevant to the evolving industry and highlights the technologies to prefer when choosing commercial loan origination vendors.
According to Gartner, “Commercial loan origination solutions (CLOSs) are software applications that enable lending institutions to manage the end-to-end process of opening lending products, from application through underwriting and closing, for businesses of different sizes. These can be consumed as on-premises software, cloud-based SaaS, integrations and API, and white-labeled solutions.”
Why do we believe you should read this Market Guide?
- Best-of-breed Solutions: Understand how CLOSs use composable architecture and microservices to select the best-suited specialized solution
- Advanced Technologies: Explore the role of AI, explainable AI, data analytics, open APIs, and low-code tools for transparent decision-making and fraud detection
- Streamlined Processes: Learn how machine learning, intelligent document processing, and GenAI expedite applications and ensure regulatory compliance
Designed to optimize the commercial lending journey, Newgen’s Commercial Loan Origination Solution equips financial institutions with the scalability and agility to adapt to the evolving market dynamics.
Gartner, 2024 Market Guide for Commercial Loan Origination Solutions by Derek Frost and Agustín Rubini
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