Newgen Software Technologies’ cloud-based lending software is helping several leading financial institutions (FIs) in the US to quickly process and disburse loans to their customers under the SBA Paycheck Protection Program (PPP). PPP, a $659 billion loan program under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, is intended to provide economic relief to small businesses across the United States that have been adversely impacted by COVID-19.
The company leveraged the low code development capability of its digital automation platform to quickly enhance its lending software, enabling financial institutions for high-volume loan processing.
Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.
