News : New Genpact Platform Transforms Online Business Lending
New York, NY, USA, Nov 15, 2016 -- Genpact (NYSE: G), a global provider in digitally-powered business process management and services, announced a platform that drives broad scale transformation and changes the business model for online commercial lending, creating more agile systems that improve operations and position companies for growth.
"Traditional banks need to overcome the burden of legacy systems to compete faster, using disruptive technology that fintechs already deploy. Fintechs need to ‘institutionalize’ their front, middle, and back office," said Diwakar Singhal, senior vice president, Commercial Lending, Genpact. "Genpact answers both needs, with a scalable, easy-to-deploy digital solution that helps better manage assets and improve customer experiences."
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In developing the new platform with InterNex, Genpact leveraged its unique Lean DigitalSM approach that harnesses the combined power of process-centric technologies, design thinking methodologies, and domain expertise.
"InterNex’s financial services domain expertise in origination, risk management, technology, and capital markets, coupled with Genpact’s digital technology and excellence in process and operations, delivers a superior business model to best service our clients and drive operational scale capabilities," said Paul DeDomenico, cofounder and chief executive officer, InterNex Capital. "We are excited to work with Genpact as we build, grow, and scale InterNex. This strategic partnership complements our capital markets capabilities and recent funding facility."
Posted by Veronica Silva Cusi, news correspondent
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Genpact is a Business process outsourcing (BPO) company in India. It was formerly a GE owned company called GE Capital International Services or GECIS. It operates from India, China, Guatemala, Hungary, México, Morocco, the Philippines, Poland, the Netherlands, Romania, Spain, South Africa, and the United States.
Published: Friday, November 18, 2016
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