Newgen Software has announced a strategic partnership with ASEAN Business Partners (ABP), marking a significant step towards enhancing the digital banking landscape across Southeast Asia. This collaboration focuses on deploying advanced banking solutions to markets in Indonesia, Malaysia, the Philippines, Singapore, and Thailand.
Driving digital transformation in banking
Through this partnership, Newgen aims to leverage ABP’s extensive local expertise to introduce its low-code platform across the region, targeting improvements in onboarding, lending, and trade finance. The platform, known as NewgenONE, is designed to unify operations across the front, middle, and back offices of banks, infuse intelligence into their operations, and achieve large-scale automation throughout thousands of bank-wide applications and processes.
Leaders express optimism about the collaboration
Sumit Dutta, Founder and CEO of ASEAN Business Partners, expressed his enthusiasm about this collaboration. “I am delighted to announce the partnership between Newgen and ABP. We are committed to identifying and introducing the best of global technology into the fast-growing ASEAN market and are privileged to partner with a global IT pioneer to add value,” said Dutta.
Pramod Kumar, Head of Business – APAC at Newgen Software, also shared his positive outlook. “We’re excited by the potential for a positive change. NewgenONE platform is designed to be a game-changer for banking leaders and teaming up with ABP brings even more expertise to the table, and we’re excited to accelerate digital progress in the region,” he said.
This partnership is set to play a pivotal role in the digital transformation efforts of Southeast Asian banks, driving innovation and efficiency in a rapidly evolving market.
