Bridgehampton National Bank (BNB) Partners With Newgen for Smart Lending Solution

McLEAN, Virginia, July 28, 2016 /PRNewswire/ --

Removing the Complexity, Risk and Un-predictability Out of Commercial Lending  

Newgen Software Inc., a leading global provider of banking software solutions on its business process management-based banking industry framework, is pleased to announce it has been selected as a strategic partner by Bridgehampton National Bank (BNB) for its BPM-based commercial lending automation initiative. BNB is one of the fastest growing community banks on Long Island, with 40 branches from Montauk, Long Island, to New York City and a focus on developing long-term partnerships with local business.

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"Investing in technology is critical to supporting the continued growth of BNB," noted Kevin M. O'Connor, President and CEO of the Bank. "Newgen Software will help streamline our commercial loan process and result in real benefits that will positively impact our customers."

Diwakar Nigam, President and CEO of Newgen Software said, "We appreciate BNB's trust in us as a business partner for their digital transformation journey. I am confident that our lending solution will redefine the bank's customer experience by expediting the loan origination and disbursement cycle." He further added, "Newgen's solution platform is committed to delivering omni-channel experience, end-to-end risk management, unprecedented operational efficiencies, as well as compliance and real-time management dashboards for BNB, on a cloud model."

Newgen commercial lending platform combines industry best practices with rich domain expertise required in a robust commercial lending application. Newgen commercial lending solution automates and streamlines end-to-end lending cycle for the full range of loan types (C&I, CRE, SBA) - from prospecting, credit origination, underwriting, approvals, disbursement and servicing in a paperless and digital-enabled workflow environment. The platform is available both as on-premise and cloud-based delivery models.

About Newgen Software Inc. 

Newgen Software Inc. is a global leader in banking process automation with more than 200 leading banks and financial services institutions as its clients. Newgen's banking process management framework automates critical business processes for banking institutions across commercial lending, consumer lending, customer on-boarding, on line account opening, trade finance, digital and mobile customer experience strategy. Newgen offers flexible on-premise and cloud-based solutions to its banking customers.

For more information, visit: http://www.newgensoft.com.

About Bridgehampton National Bank 

Established in 1910, Bridgehampton National Bank (BNB) with assets of approximately $3.7 billion, operates 40 retail branch locations serving Long Island and the greater New York metropolitan area. In addition, the Bank operates two loan production offices: one in Manhattan, and one in Riverhead, New York. Through its branch network and its electronic delivery channels, BNB provides deposit and loan products and financial services to local businesses, consumers and municipalities. Title insurance services are offered through BNB's wholly owned subsidiary, Bridge Abstract. Bridge Financial Services, Inc. offers financial planning and investment consultation.

For more information, visit http://www.bridgenb.com.

Media Contact
Asif Khan
[email protected]

SOURCE Newgen Software Inc.