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Newgen Integrates with Celero Xchange to Deliver Scalable Lending Solutions to Credit Unions

Celero’s partner, Newgen Software, a global provider of low code digital automation platform, is pleased to share that it has joined the Celero Xchange™ digital ecosystem integration platform to provide seamless connectivity of its loan origination solutions for Canadian credit unions.

The integration with Celero Xchange is a step forward in the partnership between Celero and Newgen, reflecting their shared objective to provide innovative financial solutions to credit unions and other financial institutions.

“Our association of over three years with Celero has been crucial towards fulfilling our mutual goal of driving digital transformation in the financial services industry. Financial institutions globally are relying on Newgen loan origination solutions automating consumer, commercial, and other loan types. Celero has removed the complexity of integration, fast-tracking our ability to deliver solutions to accelerate the digital initiatives for credit unions,” says Diwakar Nigam, MD and Chairman, Newgen Software.

Newgen’s loan origination solution is built on its digital automation platform, with low code capability. The solution facilitates end-to-end lending processes, from enabling borrowers to fill their applications online and performing eligibility checks to originating and disbursing loans. It enables credit unions to continuously expand their digital offerings, automate workflows, and digitize back-office operations.

Innovative marketplace for credit unions
Barb MacLean, Director of Application Development at Celero says that fintech providers around the world are choosing Celero Xchange because it accelerates their speed to market and their ability to meet the needs of credit unions.

“It’s critical to Celero that the capabilities of our ecosystem further success for our partners. Having Newgen integrate to Celero Xchange is proof positive that enabling affordable, seamless and flexible integrations is meeting the needs of our clients and the fintech community,” says MacLean.

“Our integration roadmap will continue to deliver choice and flexibility to credit unions, and efficient onboarding for our vendor-partners through a single integration,” she adds.

Newgen’s loan origination solution is available on Celero Xchange with credit union integrations underway. For more information about Newgen, visit newgensoft.com. For more information about Celero Xchange, visit celero.ca/solutions/fintech/celero-xchange.

About Newgen SoftwareTechnologies Canada Limited

Newgen Software Technologies Canada Limited is a global provider of digital process automation platform with more than 200 financial institutions as its clients. Newgen’s platform automates critical business processes for financial institutions across commercial lending, consumer lending, customer on-boarding, digital account opening, trade finance, digital, and mobile customer service requests. Newgen offers flexible on-premise and cloud-based solutions to financial institutions.

To learnhow Newgen is connecting enterprises and transforming experiences, visit:http://www.newgensoft.com/

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About Celero

Celero is a leading provider of digital technology and integration solutions to credit unions and financial institutions across Canada. Clients trust Celero’s proven track record delivering innovative banking technologies, digital and payment solutions, cloud computing, outsourcing, IT and advisory services.

Celero offers reliability and security through its world-class hosted banking system and data center operations. With key partnerships across the globe, Celero also brings the scale and extensive capabilities of multinational technology companies and the focused expertise of fintech startups. For more information, visit celero.ca.