Newgen Software Unveils Captive Finance Solution for Digital Transformation

Newgen Software, a leader in AI-driven digital transformation, has launched its innovative Captive Finance Solution powered by the NewgenONE low-code platform. 

Designed to revolutionize credit operations for NBFCs and captive finance organizations, the solution caters to a variety of financing needs, including lending, leasing, inventory financing, working capital loans, term loans, credit limit management, and invoice discounting.

This solution leverages advanced automation and AI driven decision-making to streamline workflows and ensure compliance, enhancing efficiency and accuracy in operations. 

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The offering includes specialized modules for loan origination, loan management, lease management, and collections, all powered by Newgens proprietary GenAI models, Marvin and LumYn. 

These models provide real-time insights, 360-degree customer profiling, and hyper-personalized communication to improve risk management and customer experiences.

Sunil Pandita, SVP and Business Head, South Asia, at Newgen Software, emphasized that the solution addresses the practical needs of today's finance providers. He highlighted its ability to simplify complex lending and leasing processes, enabling businesses to grow while delivering a superior customer experience.

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The Captive Finance Solution is poised to help organizations optimize credit operations, minimize risks and foster stronger customer relationships through digital innovation. It aligns with Newgen's commitment to providing advanced technology solutions for operational efficiency and customer-centricity.

About Newgen Software:  

Newgen Software specializes in AI powered, low code digital transformation platforms with robust process automation, content services and communication management. Its solutions cater to a variety of use cases, empowering global enterprises to innovate and improve operational agility.  

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