{"id":7899,"date":"2020-12-07T08:41:06","date_gmt":"2020-12-07T08:41:06","guid":{"rendered":"https:\/\/web3unplugged.io\/blog\/?p=7899"},"modified":"2020-12-07T08:44:13","modified_gmt":"2020-12-07T08:44:13","slug":"bank-muscat-and-newgen-software-win-award-for-the-best-lending-implementation-in-the-middle-east","status":"publish","type":"post","link":"https:\/\/web3unplugged.io\/blog\/bank-muscat-and-newgen-software-win-award-for-the-best-lending-implementation-in-the-middle-east\/","title":{"rendered":"Bank Muscat And Newgen Software Win Award For The Best Lending Implementation In The Middle East"},"content":{"rendered":"\n

Bank Muscat, the leading financial services provider in the Sultanate, and Newgen Software were recognized for the \u2018Best Lending Implementation in the\u00a0Middle East\u2019\u00a0<\/strong>at The Asian Banker Middle East and Africa Awards 2020. The felicitation ceremony was held virtually on\u00a0November 5, and\u00a0Ahmed Omar Al Ojaili, Group Deputy General Manager \u2013 Technology, Bank Muscat, accepted the award on behalf of the bank.<\/p>\n\n\n\n

The bank has implemented\u00a0Newgen\u2019s loan origination system<\/a>\u00a0for the end-to-end automation of its retail loans. It is leveraging Newgen\u2019s solutions for intelligent process automation (BPM), contextual content services (ECM), and multi-channel capture to streamline lending, optimize costs, and deliver superior customer experiences. With Newgen, the bank has been able to reduce loan processing time by 42%, to as low as 23 minutes.<\/p>\n\n\n\n

\u201cProviding our customers with an excellent banking experience is of prime importance for us. Newgen has been a crucial enabler with its agile workflow, scalable framework, and digital-first approach. We look forward to continuing our association with them for our future projects,\u201d said\u00a0Ahmed Omar Al Ojaili, Group Deputy General Manager \u2013 Technology, Bank Muscat.<\/p>\n\n\n\n

\u201cThis award further solidifies our position in the region as the technology partner of choice. We are delighted to deliver tangible results for Bank Muscat and look forward to supporting them in their future digital initiatives,\u201d said\u00a0Diwakar Nigam, MD and Chairman, Newgen Software.<\/p>\n\n\n\n

\"\"<\/figure>\n","protected":false},"excerpt":{"rendered":"

Bank Muscat, the leading financial services provider in the Sultanate, and Newgen Software were recognized for the \u2018Best Lending Implementation in the\u00a0Middle East\u2019\u00a0at The Asian Banker Middle East and Africa Awards 2020. The felicitation ceremony was held virtually on\u00a0November 5, and\u00a0Ahmed Omar Al Ojaili, Group Deputy General Manager \u2013 Technology, Bank Muscat, accepted the award […]<\/p>\n","protected":false},"author":1,"featured_media":7900,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-7899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"rttpg_featured_image_url":{"full":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1.jpg",400,284,false],"landscape":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1.jpg",400,284,false],"portraits":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1.jpg",400,284,false],"thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1-150x150.jpg",150,150,true],"medium":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1-300x213.jpg",300,213,true],"large":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1.jpg",400,284,false],"1536x1536":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1.jpg",400,284,false],"2048x2048":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1.jpg",400,284,false],"post-thumbnail":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1.jpg",400,284,false],"graptor-sq-xs":["https:\/\/web3unplugged.io\/blog\/wp-content\/uploads\/2020\/12\/1.jpg",100,71,false]},"rttpg_author":{"display_name":"admin","author_link":"https:\/\/web3unplugged.io\/blog\/author\/admin\/"},"rttpg_comment":0,"rttpg_category":"Uncategorized<\/a>","rttpg_excerpt":"Bank Muscat, the leading financial services provider in the Sultanate, and Newgen Software were recognized for the \u2018Best Lending Implementation in the\u00a0Middle East\u2019\u00a0at The Asian Banker Middle East and Africa Awards 2020. The felicitation ceremony was held virtually on\u00a0November 5, and\u00a0Ahmed Omar Al Ojaili, Group Deputy General Manager \u2013 Technology, Bank Muscat, accepted the award…","_links":{"self":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/7899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/comments?post=7899"}],"version-history":[{"count":2,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/7899\/revisions"}],"predecessor-version":[{"id":7904,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/posts\/7899\/revisions\/7904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media\/7900"}],"wp:attachment":[{"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/media?parent=7899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/categories?post=7899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/web3unplugged.io\/blog\/wp-json\/wp\/v2\/tags?post=7899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}