One of the Leading Financial Institutions in Saudi Arabia Enhances its Sharia-compliant Financing with Newgen

Overview

Our customer is one of the fastest-growing financial companies in Saudi Arabia and a well-known financial service provider for the Islamic Shariah community. The organization provides various automotive rental services and customized banking services.

The bank was dependent on manual processes and outdated systems, which resulted in delays and compliance concerns. To overcome operational roadblocks and accelerate its digital transformation, the customer partnered with Newgen.

How Newgen Made a Difference

The customer leveraged Newgen’s Digital Banking Solution and streamlined end-to-end Sharia compliant financial journey. The AI-enabled solution simplified its day-to-day operations, expedited application processing, and improved decision-making.

Read the complete case study to understand how the solution empowered the customer to achieve higher operational efficiency, eliminate departmental siloes, and reduce processing cycle time for processing applications.