AJIL Taps Newgen for AI-Powered Loan Origination & Fintech Integrations News Desk - 30/01/2025 ShareNewgen Software, a global AI-powered digital transformation solutions company, has announced a strategic partnership with AJIL Financial Services Company (AJIL), a key player in Saudi Arabia's financing industry. This collaboration will see Newgen providing its flagship Low-Code Platform and Shariah-compliant financing solutions to streamline AJIL's offerings, including Murabaha, Ijarah, and other financial products. The partnership aims to accelerate underwriting processes, optimize operational workflows, and enhance customer satisfaction.Aligned with Saudi Vision 2030, this initiative supports AJIL's mission to modernize its operations, meet evolving market demands, and deliver superior customer experiences. Licensed by the Saudi Central Bank (SAMA), AJIL specializes in Shariah-compliant financing solutions tailored for SMEs across the Kingdom.Matar Al-Khateeb, CEO of AJIL Financial Services Company, emphasized the strategic importance of the partnership, stating: 'By leveraging Newgen's advanced technologies and data-driven insights, we are committed to streamlining operations and delivering innovative solutions that align with the evolving needs of our customers. This transformation will strengthen our market presence, enhance fintech integrations, and expand our reach into new markets.'Reaffirming AJIL's commitment to Vision 2030, he added: 'We strongly believe in the vital role of SMEs in driving the Kingdom's economic growth and remain dedicated to empowering their success.'Vivek Bhatnagar, SVP-EMEA Sales at Newgen Software, highlighted the impact of the partnership: 'Newgen's deep expertise in process automation will modernize AJIL's operations, including loan origination and collections. Our goal is to enable digital-first banking experiences and deliver innovative solutions to our global customers.'This collaboration marks a significant step in transforming Saudi Arabia's financing landscape by integrating cutting-edge technology to drive efficiency and customer-centric growth.
AJIL Taps Newgen for AI-Powered Loan Origination & Fintech Integrations
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Newgen Software, a global AI-powered digital transformation solutions company, has announced a strategic partnership with AJIL Financial Services Company (AJIL), a key player in Saudi Arabia's financing industry. This collaboration will see Newgen providing its flagship Low-Code Platform and Shariah-compliant financing solutions to streamline AJIL's offerings, including Murabaha, Ijarah, and other financial products. The partnership aims to accelerate underwriting processes, optimize operational workflows, and enhance customer satisfaction.
Aligned with Saudi Vision 2030, this initiative supports AJIL's mission to modernize its operations, meet evolving market demands, and deliver superior customer experiences. Licensed by the Saudi Central Bank (SAMA), AJIL specializes in Shariah-compliant financing solutions tailored for SMEs across the Kingdom.
Matar Al-Khateeb, CEO of AJIL Financial Services Company, emphasized the strategic importance of the partnership, stating: 'By leveraging Newgen's advanced technologies and data-driven insights, we are committed to streamlining operations and delivering innovative solutions that align with the evolving needs of our customers. This transformation will strengthen our market presence, enhance fintech integrations, and expand our reach into new markets.'
Reaffirming AJIL's commitment to Vision 2030, he added: 'We strongly believe in the vital role of SMEs in driving the Kingdom's economic growth and remain dedicated to empowering their success.'
Vivek Bhatnagar, SVP-EMEA Sales at Newgen Software, highlighted the impact of the partnership: 'Newgen's deep expertise in process automation will modernize AJIL's operations, including loan origination and collections. Our goal is to enable digital-first banking experiences and deliver innovative solutions to our global customers.'
This collaboration marks a significant step in transforming Saudi Arabia's financing landscape by integrating cutting-edge technology to drive efficiency and customer-centric growth.
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