Newgen Software Technologies Bags LOA Worth $1.71 Million.=]]]]]eddfr

Newgen Software Technologies Ltd has received and accepted a Letter of Award (LoA) for providing a Retail Loan Origination Solution, strengthening its position in the digital lending technology space.

The company said the aggregate value of the award is $1.71 million (approximately one million seven hundred ten thousand dollars).

The contract relates to the deployment of Newgen’s retail loan origination capabilities, which enable financial institutions to streamline lending processes through digital workflows and automation.

The order win is expected to support Newgen Software’s business growth as demand for digital transformation solutions across the banking and financial services sector continues to rise.