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Newgen Software jumps on inking partnership with Old Second National Bank
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Newgen Software Technologies is currently trading at Rs. 1232.40, up by 22.95 points or 1.90% from its previous closing of Rs. 1209.45 on the BSE.
The scrip opened at Rs. 1207.95 and has touched a high and low of Rs. 1237.85 and Rs. 1192.50 respectively. So far 10614 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1250.00 on 17-Sep-2024 and a 52 week low of Rs. 418.20 on 21-Sep-2023.
Last one week high and low of the scrip stood at Rs. 1250.00 and Rs. 1089.95 respectively. The current market cap of the company is Rs. 17302.89 crore.
The promoters holding in the company stood at 54.30%, while Institutions and Non-Institutions held 27.80% and 17.90% respectively.
Newgen Software Technologies has entered into partnership with Old Second National Bank, one of the oldest banks in the US. To enhance its account management process, the bank opted for Newgen’s advanced digital account opening and maintenance solution, built on the NewgenONE low-code platform. Newgen’s Digital Account Opening Solution is designed to simplify the online account opening process while enabling banks to deliver a personalized, omnichannel experience. The chosen solution will help automate the complete lifecycle of the account opening process.
The solution’s built-in functionalities, including its user-friendly interface, strong integration capabilities with existing systems, and monitoring dashboard, will play an important role in optimizing the customer journey. It will also allow the bank’s end customers to commence their banking journey anywhere on any device. Furthermore, the solution minimizes authentication time, improves customer acquisition, and reduces abandonment rates. It will offer a personalized and omnichannel onboarding experience accessible through both online and in-branch channels, improving the customer experience for both retail and business customers.
Newgen Software Technologies is a software products company offering a platform that enables organisations to develop applications addressing their strategic business needs.
