Case Study: US Based Bank Unifies Commercial Lending Processes on a Single Platform

CASE STUDY

U.S. Based Commercial Bank Unifies Its Lending Processes Using Newgen's Solution

The client required a unified platform for loans processing. There was high dependence on disjointed applications. This was leading to challenges in lending operations and was hampering customer experience. Using Newgen’s solution, the client implemented a single loan origination that met the requirements of its diverse lending offerings. Some of the major benefits of the implementation were-

  • End-to-end processing of commercial loans on a single unified platform
  • Improved compliance and process standardization
  • Increased profitability
  • Reduced manual intervention; thereby,reducing errors and strengthening data integrity
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