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Newgen Revolutionizes Trade Finance with Trailblazing Low-Code Platform


Lauren Miller

May 13, 2024 - 05:49 am


Newgen Spearheads Innovations in Trade Finance with a Groundbreaking Platform

In an industry often characterized by complexity and rigid structures, innovation can be a significant differentiator. Newgen Software, a leader in providing comprehensive automation solutions at a global scale, is reshaping the trade finance landscape with its cutting-edge platform.

A New Era for Trade Finance Management

NOIDA, India -- May 13, 2024 /PRNewswire/ -- Newgen Software has made headlines with its revolutionary low-code platform, designed to streamline end-to-end automation on a large scale, earning a place in the esteemed Gartner® Market Guide for Commercial Banking Cash Management and Trade Finance Solutions, 2023 report. This insightful document presents an analysis of global banking cash management and trade finance solutions, emphasizing the importance of robust capabilities that bolster consistent business processes, operational frameworks, and client services within the corporate treasury and working capital realms. Banking Chief Information Officers (CIOs) will find the report invaluable as it provides clarity on vendor solutions currently available in the marketplace.

To read the full Gartner report, visit Gartner Market Guide for Commercial Banking.

Newgen's Trade Finance Solution: A Technological Marvel

The Trade Finance Solution by Newgen, built upon the robust NewgenONE low-code platform, encompasses a wide range of functionalities required for a streamlined trade finance process, including transaction origination, processing, and comprehensive document management. This Swift-Compatible Solution offers commercial banks the tools to adhere to the latest Swift standards, simultaneously enhancing the customer and internal bank user's experience, in what can be described as journey orchestration at its finest.

For more information on the specifics of Newgen's Trade Finance Solution, please explore their website: Newgen Trade Finance Solution.

Newgen's adeptness in delivering operational excellence and a unified customer experience through its sophisticated trade finance solution has not gone unnoticed, as suggested by the platform's recent recognition by Gartner. Runki Goswami, the Global Head of Marketing at Newgen Software, reflects on this achievement, "We believe this Gartner recognition reaffirms the pivotal role our innovative solutions play in creating a connected digital ecosystem and meeting the specific needs of our commercial clients."

A Note of Clarity: Gartner's Disclaimer

It is important to acknowledge that GARTNER is a trademark that is registered in the United States and internationally, and it holds its rightful place in Gartner, Inc. and/or its affiliates. Used here with permission, all rights are reserved. It should be emphasized that Gartner does not endorse any vendor, product, or service specified in its research publications and advises technology users not to limit their choices exclusively to the vendors of the highest ratings or specific distinction. Gartner's research works reflect the individual viewpoints of its research organization and should not be misconstrued as factual claims. Gartner meticulously absolves itself of all warranties, whether explicit or implied, connected to this research, including merchantability or fitness for a specific purpose.

Unveiling Newgen Software Technologies Ltd.

At the heart of the digital transformation journey, Newgen stands as a beacon, providing a coherent platform enriched with process automation, content services, communication management, and cutting-edge Artificial Intelligence and Machine Learning (AI/ML) capabilities. Trusted by enterprises worldwide, Newgen's celebrated low-code application platform enables the development and deployment of intricate, content-intensive, and customer-engaging business applications. With an emphasis on unlocking simplicity through speed and agility, Newgen continues to innovate and lead in the digital transformation domain.

For a comprehensive glimpse into Newgen's digital transformation capabilities, consider visiting their homepage: Newgen Software Technologies Ltd..

Connect with Newgen

For those seeking more information or wishing to embark on an enlightening dialogue with Newgen, can reach out to them directly through their provided [email protected] Additionally, to experience the visual representation of the company's brand, you can view the Newgen logo at Newgen Logo.

Such transparency in communication speaks to Newgen's commitment to customer engagement and accessibility, further showcasing the company's role as a progressive leader in the digital transformation industry.

In Conclusion

In a daring move that sets a new benchmark in the realm of trade finance, Newgen Software has showcased its unique capacity to drive change and offer significant gains to banks around the world. By designing a platform that not only meets but exceeds industry standards, Newgen is demonstrating its commitment to delivering exceptional value and efficiency to its clients. Runki Goswami and the team at Newgen Software have solidified their place in the industry by being recognized by a prestigious entity such as Gartner.

Newgen Software Technologies Ltd., through its forward-thinking approach and continuous innovations, has become synonymous with transformation and progress in the banking sector, helping to navigate through the complexities of trade finance. As Newgen looks to the future, it does so with a clear vision for continued excellence and a commitment to supporting banks with state-of-the-art solutions.

Newgen Software serves as a testament to how vision, innovation, and hard work can culminate in a solution that not only serves the present needs but anticipates the future directions of an industry. It is initiatives like these that reiterate the importance of technology in shaping the future of global trade and finance, streamlining processes, and enhancing the customer and user experience.

As Newgen Software Technologies Ltd. continues to innovate and expand its reach, the world watches keenly, anticipating the next leap forward in digital trade finance solutions.

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