Newgen and Mambu partner to provide plug-and-play lending stack for banks

Core Insights - Newgen Software has partnered with Mambu to enhance digital lending capabilities for various financial institutions, including banks, digital banks, NBFCs, fintechs, and Islamic lenders [1][3] - The collaboration integrates Newgen's Loan Origination System with Mambu's core banking platform, facilitating rapid product launches and adaptability in lending [1][2] Partnership Features - The partnership introduces a comprehensive lending stack that encompasses the entire lending lifecycle, from onboarding to disbursement, aimed at improving borrower experiences and reducing time-to-market [2] - Key features include AI-enabled underwriting, real-time dashboards, rule-based decisioning, and document management, which enhance operational visibility and regulatory compliance [4] Focus on Islamic Banking - A significant aspect of the partnership is its emphasis on Islamic Banking, aiming to innovate Sharia-compliant digital finance products tailored to community needs [5] - The collaboration is positioned as a forward-looking initiative that integrates ethical principles with modern financial practices [6] Market Impact - The partnership is expected to empower a new generation of lenders, including agile digital banks and modern NBFCs, to transform their lending practices [7]