Newgen’s Commercial Lending solution helped maximize the bank’s efficiency, with 120 users processing 150-200 loans & modifications monthly Newgen Software , a global provider of an AI-enabled digital transformation platform , announced the successful implementation of its commercial lending solution at Enterprise Bank, a community-focused financial institution. The collaboration streamlined the bank’s lending processes, enhanced efficiency, and improved customer service across its loan portfolio. Enterprise Bank leveraged Newgen’s Commercial Lending solution to optimize its processes across a wide range of loan types, including Commercial Real Estate, Commercial & Industrial, and Construction. Built on a low-code platform, the solution consolidated loan origination, reviews, and renewals on a single, intuitive interface. Furthermore, the deployed solution seamlessly integrated with the core banking and third-party systems, making it easier for the bank’s users to collaborate on various tasks without having to switch between multiple systems. Newgen’s built-in module—master data management—enabled administrators to configure the system easily. The business activity monitoring capability enabled users to fetch automated reports and get email alerts based on key events. The amalgamation of these robust features empowered the bank’s users to make quick, timely, and data-driven decisions. “ We have observed a positive shift in our commercial lending […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
