Newgen Software and Mambu partner to accelerate digital lending for various financial institutions by integrating LOS with a core banking platform. The plug-and-play lending stack covers the entire lending lifecycle for improved borrower experiences. The focus on Islamic Banking aims to deliver innovative Sharia-compliant digital finance products tailored to community needs.

The joint offering leverages AI-enabled underwriting, real-time dashboards, rule-based decisioning, and document management to reduce turnaround times and enhance regulatory compliance. The partnership between Newgen and Mambu aims to co-create a future for Islamic banking grounded in ethical principles and forward-looking practices.

Looking ahead, Newgen and Mambu plan to enhance the lending stack with AI-driven decisioning, advanced analytics, and integrated loan servicing. Mambu, launched in 2011, supports 250 customers in over 65 countries, including well-known financial institutions like Western Union, N26, and ABN AMRO.

Read more at Yahoo Finance: Newgen and Mambu partner to provide plug-and-play lending stack for banks