Newgen Software Partners with Mambu to Revolutionize Digital Lending
In a bid to revamp digital lending in the banking industry, Newgen Software has announced a strategic partnership with Mambu. This alliance targets banks, digital banks, non-banking financial companies (NBFCs), fintechs, and Islamic lenders, with the goal of accelerating digital lending operations.
Integration Towards Enhanced Agility and Compliance
The partnership integrates the end-to-end Loan Origination System (LOS) of Newgen with Mambu’s composable core banking platform. The collaboration is designed to enable institutions to swiftly launch, scale, and adapt lending products. This move aims to enhance agility, bolster compliance, and maintain a customer-centric focus.
The innovative partnership introduces a plug-and-play lending stack that covers the entire lending lifecycle. This includes customer onboarding, application processing, underwriting, decisioning, and disbursement. The integrated solution is specifically designed to reduce time-to-market and deliver improved borrower experiences for a diverse range of financial institutions.
Expediting Innovation in Lending
Rajvinder Singh Kohli, SVP for sales at Newgen Software, commented on the partnership, stating that the combination of Mambu’s modern core and Newgen’s proven LOS capabilities creates a compelling synergy that’s built for speed and scale. He emphasized that this partnership isn’t just an integration, it’s a catalyst for the next generation of agile, customer-centric lending across various segments including retail, SME, mortgage, digital, and Islamic.
AI-enabled Underwriting and Improved Compliance
The joint offering leverages AI-enabled underwriting, real-time dashboards, rule-based decisioning, and document management. These features are designed to help institutions reduce turnaround times, improve operational visibility, and strengthen regulatory compliance.
Notably, a significant focus of the partnership is on Islamic Banking. The collaboration aims to deliver continued innovation in Sharia-compliant digital finance products, tailored to community needs. This move aligns with the recent global launch of Mambu’s enhanced Islamic Banking capabilities.
A Bright Future for Islamic Banking
Anthony Nonnis, Mambu’s global head of partnerships, remarked that their partnership with Newgen is a testament to the power of collaboration in driving meaningful change within financial services. By combining Mambu’s composable, cloud-native core with Newgen’s robust digital process automation capabilities, they are enabling a new generation of lenders to reimagine their lending practices. This synergy empowers them to offer innovative, Sharia-compliant products at speed, deliver unparalleled customer experiences, and lead the charge in the digital transformation of Islamic finance.
Looking ahead, Newgen and Mambu plan to further enhance the lending stack with AI-driven decisioning, advanced analytics, and integrated loan servicing.
About Mambu
Mambu was launched in 2011 to fast-track the design and construction of a wide range of financial offerings for banks of all sizes, lenders, fintechs, retailers, and telcos. The company employs 900 people and supports 250 customers in over 65 countries, including renowned names like Western Union, Commonwealth Bank of Australia, N26, BancoEstado, OakNorth, Raiffeisen Bank, ABN AMRO, OKEO, and Orange Bank.
Source: Here
