Newgen Software Technologies Limited, a leading provider of business process management (BPM) and enterprise content management (ECM) solutions, has made a significant stride in the fintech domain. The company's wholly-owned subsidiary in Dubai has signed an international contract valued at $2 million to implement a Digital Lending and Onboarding Platform for Retail Products.

Key Highlights of the Deal:

• The contract was awarded by an international client and signifies Newgen's growing presence in global markets.
• The project will be executed over a one-year period, ensuring the delivery of a robust and scalable platform tailored to the customer's retail product needs.
• The platform will focus on enhancing the digital onboarding process and streamlining lending operations for retail products.

Strategic Implications:

This development reinforces Newgen’s position as a leading provider of cutting-edge digital transformation solutions in the fintech sector. By integrating advanced technologies into lending and onboarding processes, the company continues to support financial institutions in their journey toward complete digitization.

Compliance and Transparency:

Newgen has disclosed this material information in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also confirmed that this transaction does not qualify as a related party transaction, aligning with governance standards under the Companies Act, 2013.

What's Next?

With a strong foothold in the Middle East, this contract is expected to bolster Newgen's global portfolio and establish its position as a trusted partner in the fintech industry. The company’s focus on delivering scalable, innovative software solutions ensures its continued success in securing international contracts.

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