Retail Banking Solution

Retail banking needs of customers are fast evolving. It’s important for financial institutions to keep up with the changing customer needs and government regulations. Newgen’s retail banking offerings, built on a low code digital transformation platform, enable banks to go to market faster with new offerings, deliver a frictionless personalized experience across channels, fast-track approval through straight-through-processing, make intelligent lending decisions, and more.

Solutions of Newgen’s Retail Banking

Consumer/Retail Loan Origination

Digitize lending processes and enable multi-channel loan application. Ensure thorough audit and reporting, and end-to-end risk management. Enable intelligent underwriting and configurable rules. Integrate seamlessly with third-party systems.

Mortgage Lending

Create an omnichannel self-service portal with robust activity monitoring, extensive document management, servicing and comprehensive lead management, risk management and compliance. Automate approvals and optimize workflow for funding and closing. Generate pre-screening and Credit Analysis reports.

Student Loan Management Software

Get support for seamless student onboarding. Ensure efficient loan underwriting and tracking. Streamline payment services and closure. Enable a comprehensive account maintenance and reporting and effective Collections Management system in place.

Loan Management System

Get an enhanced omnichannel experience – with comprehensive end-to-end credit management and efficient payment and repayment management. Enable adaptive rule-based accounting and robust reporting and analytics. Ensure accurate accruals and interest calculation with simplified product setup.

Financial Service Request Management

Initiate requests from an omnichannel platform. Manage content digitally with a unified Service Request Management (SRM) platform. Enable pre-built SR templates for a jump start. Use AI/ML-powered intelligent case handling, approval hierarchy, notifications, and SR tracking.