Newgen Software has partnered with Finastra to enhance its loan origination solutions and integrate lending solutions with Finastra’s LaserPro.

The API-driven integration streamlines the creation of loan documents, covering various consumer collaterals. Moreover, it minimises manual effort by eliminating the need for data mapping while ensuring data validation before transfer. The solution integrates with core banking and third-party systems. And it helps banks adhere to compliance requirements, such as Reg B, Reg O, CRA, HMDA and 1071. The setup is intuitive and offers efficiency gains, as integration can be completed within a few days.

“Finastra’s customers expect more agility, innovation, integration, and security than ever before. We deliver software that enables our clients to upgrade their existing systems gradually through open interfaces. Our LaserPro platform is an industry-leading, compliant loan documentation system for use across commercial, consumer, and mortgage portfolios. In our endeavour to constantly offer better choices and cutting-edge technologies to our customers, we’re pleased to announce this integration of our LaserPro platform with Newgen’s Loan Origination System,” said Finastra’s Cheryl Anderson, Director, Product Management.

Newgen Software, Finastra collaboration: ‘a pivotal partnership’

Anand Raman, EVP & COO, Newgen Software added: “Newgen’s Lending Solution is built on a low code platform. It transforms the loan origination journey for financial institutions. The solution seamlessly connects all stakeholders, ensuring a smooth user experience with one-time data entry. With robust integration into core banking and document preparation systems, this collaboration with Finastra marks a pivotal partnership. It will empower LaserPro customers with advanced API-based integration, accelerating their financial processes for enhanced efficiency.”

Newgen’s lending solutions, backed with AI-enabled underwriting, rule-driven decisioning, real-time dashboards, and document management capabilities, enable streamlined loan application management, portfolio management, instant disbursements on channels, and better collaboration.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.