Bank of Abyssinia has onboarded Newgen Software Technologies for end-to-end automation of retail and small and micro enterprise (SME) loan types. With the loan origination solution, built on NewgenONE, the bank will streamline the origination, processing, tracking, and disbursement of loans. The solution will be used in 750+ branches spread across Ethiopia.
The Bank will leverage Newgen’s platform with capabilities such as business rule engine, workflow management, and document management and ensure 360-degree process visibility in the business activity monitoring and reporting. The robust system will equip the bank to meet the growing business demands and allow them to transform digitally and scale operations to handle high-volume transactions.
Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.
