A Leading Financial Institution in Saudi Arabia Digitally Transforms Personal and SME Finance with Newgen

A prominent financial institution in Saudi Arabia, specializing in personal and SME finance, faced challenges with its legacy system. Despite its reputation and recognition in investment banking and Islamic finance, the institution needed to modernize to meet its evolving business requirements. Collaborating with Newgen, the institution embarked on a digital transformation journey to enhance operational efficiency and adhere to compliance effectively.

How Newgen Made a Difference?

Newgen’s SME and Retail Loan Origination Solution (RLOS) played a crucial role in digitally transforming our customer’s lending operations. By leveraging the power of NewgenONE, a low-code platform, the institution established a streamlined, digital system for loan origination, management, and collections. Key highlights include optimized loan processing, configurable approval workflows, intelligent underwriting, and robust integration capabilities.

Why Read the Case Study?

Learn how the financial institution overcame legacy system limitations and embraced digital transformation with Newgen’s lending solutions. Gain in-depth insights into how our customers streamlined loan lifecycle processes, automated compliance rules, and enhanced customer satisfaction for financial excellence in the region. Read the success story to understand how your institution can achieve similar outcomes and stay ahead in today’s dynamic financial landscape.