MCLEAN, Virginia, October 25, 2016 /PRNewswire/ --
Newgen Software Inc., a leading global provider of banking software solutions built on its business process management-based banking industry framework, recently announced its association with American Bankers Association (ABA) as a platinum member. The association is geared towards providing scalable banking solutions to the member banks of ABA.
Speaking on the association, Mr. Anand Raman, Vice President, Sales and Marketing, Newgen Software Inc. said, "US banking landscape is constantly evolving with new regulations focussed on risk management and compliance coming to the fore. The partnership with ABA resonates this philosophy. It aims to leverage ABA's partner network and add real positive business value to the banks by providing them solutions to embrace this constantly changing regulatory environment."
He added, "The membership will help us gain significant insights into the problems faced by the banking industry. This will help us gauge how we can help the financial institutions to embrace our disruptive technology which can help them attain scale, speed and compliance."
Newgen's expertise in developing solutions for the banking industry is reflected in its comprehensive suite of banking solutions and is one of the few players in the market today that has a stellar range of solutions that caters to multiple line of businesses including commercial and retail lending, commercial and institutional loan(C&I), commercial real estate loan (CRE), small business administration (SBA) loan, online account opening and trade finance. Newgen's Banking solutions are built on a core BPM framework, which makes the solution adaptable and scalable for future requirements, along with domain rich accelerators on top, which lends flexibility to the system.
The American Bankers Association consists of small, regional and large banks that together employs more than 2 million people, holds more than $16 trillion in assets, safeguards $12 trillion in deposits and extends more than $8 trillion in loans. As a platinum member, Newgen will be privy to issues faced by banks and financial institutes in their daily business.
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, online account opening, trade finance, digital and mobile customer experience strategy. Newgen offers flexible on-premise and cloud-based solutions to its banking customers.
SOURCE Newgen Software Inc.