Newgen, Tech Mahindra in Deal with UK-based Premium Credit (PCL) to Automate Premium Finance Process

Newgen Software announced that Premium Credit Limited, the leading provider of premium finance in the UK and Ireland, has selected Newgen’s automation platform to enhance their premium finance process for business insurance customers. The implementation will be done in collaboration with Tech Mahindra. Leveraging Newgen’s Loan Origination Solution, configured on its leading low code digital transformation platform (iBPS™), Premium Credit is looking to further automate its end-to-end premium finance process. The low code platform will provide them with the required scalability to rapidly and efficiently originate, process, disburse, and monitor loans.

Jinender Jain, Senior VP & Sales Head, UK&I at Tech Mahindra, said “We have been actively collaborating with Newgen Software on this project. Being an adaptable, digital enterprise is the way forward for businesses of the future. Tech Mahindra has been at the forefront spearheading digital transformation with low-code no-code capabilities. This strategic partnership will support Premium Credit enhance their processes and digital customer experience.” Read More