SG NewTech
SG NewTech is a Temenos-certified systems integrator and affiliate of Software Group that deploys core banking, digital channel, credit origination, and fraud-prevention solutions for banks, MFIs, credit unions, and fintechs across more than 70 emerging markets.
- Company typePrivate
- Founded2019
- HeadquartersSofia, Bulgaria
- Headcount51–100
- GTM typeB2B
- OfferingServices
What SG NewTech does
SG NewTech is a systems integrator and implementation partner that deploys banking technology platforms for financial institutions (banks, microfinance institutions, credit unions, and fintechs) across more than 70 emerging markets in Africa, ECA, MENA, LATAM, and APAC. Founded in 2019 and operating as an affiliate of Software Group, the company runs a Temenos Center of Excellence and combines certified consulting services with a proprietary product portfolio that includes DigiWave (omni-channel digital banking), CreditQuest (loan origination and appraisal), NG|SCREENER (AI-powered fraud prevention), Paretix (digital lending), and Priority ERP integration. Headquartered in Nairobi with nine regional offices, SG NewTech positions itself as a specialist in financial inclusion and core banking modernization for Tier-2/3 institutions.
The company monetizes through professional services (Temenos implementation, configuration, customization, data migration, training) and managed services (BAU support, Testing-as-a-Service, application management), with quote-based enterprise pricing and long-tenure anchor clients such as Standard Bank, Banco Terra, National Bank of Bangladesh, VisionFund Kenya, and Sèvis Finansye Fonkoze. Its go-to-market is enterprise field sales augmented by co-sell partnerships with Temenos (Certified Service Partner, Marketplace Partner), Finastra, NetGuardians, and Priority ERP, plus presence at industry events such as the Temenos Community Forum and the Finastra Global Hackathon (where it won 'Best in MEA' in 2021). Notable technical achievements include the first cloud-based, serverless Temenos Transact deployment on AWS for NIBank (2023) and recognition from Celent and the European Investment Bank for innovation in financial inclusion. The platform-plus-modules architecture, multilingual certified consultant pool, and deep domain knowledge in banking transformation constitute the core operating model.
SG NewTech firmographics
Firmographics- Name
- SG NewTech
- Legal name
- SG NewTech
- Website
- https://sgnewtech.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- SG NewTech is a Temenos-certified systems integrator and affiliate of Software Group that deploys core banking, digital channel, credit origination, and fraud-prevention solutions for banks, MFIs, credit unions, and fintechs across more than 70 emerging markets.
- Ownership category
- akta.pro rank
Where SG NewTech is headquartered
LocationHeadquarters
- HQ city
- Sofia
- HQ country
- Bulgaria
- HQ region
- Europe
Offices9 records
Markets served
SG NewTech business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Professional Services - Implementation: Core banking implementation, system integration, and deployment services for Temenos and other banking platforms. Services include requirement gathering, configuration, customization, data migration, and go-live support.
- Managed Services - BAU Support: Ongoing business-as-usual support services including system administration, Close-of-Business execution, and liaison with Temenos Helpdesk on behalf of clients.
- Testing as a Service (TaaS): Managed testing services including test management, test automation, performance testing, API testing delivered through cloud-based or on-premise resourcing models.
- Training Services: Temenos training programs covering Induction, Intermediary, and Specialist levels for both functional and technical users of core banking systems.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels7 records
SG NewTech product offering
Product offeringCore offering
SG NewTech is a systems integrator and implementation partner specializing in banking technology platforms for financial institutions (banks, MFIs, credit unions, and fintechs) in emerging markets. The company implements and deploys core banking systems (Temenos T24 Transact, Financial Inclusion Accelerator), omni-channel digital banking platforms (DigiWave), loan origination solutions (CreditQuest), AI-powered fraud detection (NG|SCREENER), digital lending technology (Paretix), and provides managed quality assurance and software testing services through its T'Factory brand.
Product overview
SG NewTech is a technology solution company that works with financial institutions (Banks, MFIs, Credit Unions, and Fintechs) to implement and deploy the banking platform of the future. The company operates as a platform-plus-modules architecture, offering a comprehensive portfolio of financial technology products that work together. The core product portfolio includes DigiWave (omni-channel digital banking platform), Temenos T24 Transact and Financial Inclusion Accelerator (core banking systems), CreditQuest (loan origination and appraisal), NG|SCREENER (AI-powered fraud detection), Paretix (digital lending), and Priority ERP (enterprise resource planning). These products are designed to integrate with each other and with third-party systems including various core banking platforms, credit bureaus, and digital channels to provide end-to-end solutions for financial institutions in emerging markets.
Differentiator
Problem solved
Functional benefit
Brands
- T'Factory: Quality assurance and software testing service offered by SG NewTech for financial institutions, featuring managed testing services and test automation capabilities.
- Temenos Center of Excellence (TCoE)
Products and services
- Temenos T24 Transact Implementation
Quantifiable outcome
- 80% reduction in loan turnaround time
- +3 more outcomes
Companies that use SG NewTech
Customer profileNamed customers14 records
Segments5 records
Ideal customer profiles3 records
SG NewTech technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration23 records
AI capability5 records
Feature5 records
SG NewTech partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and flagship.
- TemenoscoreSG NewTech is a certified Temenos service partner and Temenos Center of Excellence, providing implementation, upgrade, and support services for Temenos Transact, Infinity, and Financial Inclusion Accelerator core banking systems. They are a Temenos Marketplace Partner with proven delivery track record across multiple regions.
- Software GroupflagshipSG NewTech is an affiliate of Software Group, implementing and deploying Software Group's product portfolio including DigiWave, CreditQuest, and other financial inclusion solutions. Software Group is the parent company providing product development and global market access.
- FinastracoreSG NewTech is a Finastra Partner providing implementation and consulting services for Finastra's banking and finance solutions in emerging markets.
- NetGuardianscoreSG NewTech partners with NetGuardians to provide AI-powered fraud prevention solutions to financial institutions, offering enterprise-grade fraud mitigation accessible to MFIs and Fintechs.
- Priority ERPcoreSG NewTech is an Authorized Partner for Priority ERP, offering implementation, integration, and support services for the enterprise resource planning solution across Africa and the Americas.
- ParetixcoreSG NewTech offers Paretix digital lending technology and services, providing roadmaps for digital lending and customized models for financial institutions to improve portfolio performance.
Scale indicators4 records
Recent moves5 records
Expansion highlights6 records
SG NewTech competitors and assessment
Company assessmentEmerging players
- Thought Machine: Cloud-native core banking technology provider gaining traction with global banks. Competes for the same modernization budgets that historically went to Temenos Transact deployments.
- Mambu: Cloud-native core banking platform serving challenger banks, MFIs, and fintechs in emerging markets. Represents the newer SaaS deployment model that competes with traditional Temenos implementations.
Broad incumbents
- Accenture: Global consulting and systems integration leader with a dedicated banking practice delivering core modernization, digital channels, and risk/compliance work for Tier 1-3 banks worldwide.
- Wipro: Global IT services firm with a substantial banking and financial-services practice, frequently competing for core-basing transformation mandates across emerging and developed markets.
- Tata Consultancy Services (TCS): Large-scale IT services firm with deep banking technology implementation capabilities. Regularly delivers Temenos and core-banking programs for global banks, competing head-to-head with regional SIs.
- Infosys: Global IT services major with a large banking and financial-services practice competing for the same core-banking modernization RFPs that SG NewTech targets, especially in Africa and APAC.
- Temenos: Core banking software vendor whose platforms (T24 Transact, Infinity, Financial Inclusion Accelerator) anchor SG NewTech's implementation practice. Not a direct competitor but the strategic platform owner whose roadmap shapes SG NewTech's opportunity set.
- Capgemini: European-headquartered IT services and consulting major with deep banking sector expertise, frequently delivering Temenos and core-banking digital transformation programs for global FIs.
Direct peers
- NetGuardians: AI-based fraud prevention vendor partner of SG NewTech for emerging-market FIs. Operates in the same buyer conversations and co-delivers solutions, making it a tightly overlapping comparable.
- Software Group: Parent company of SG NewTech and product originator of DigiWave, CreditQuest, and Paretix. Operates the same emerging-market fintech distribution model and shares overlapping customer base, making it the closest functional peer.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
SG NewTech social profiles
Digital presenceSG NewTech financial estimates
Financial estimateRevenue estimate
Valuation estimate
SG NewTech leadership team
Management profileNumber of profiles
Profiles4 records
SG NewTech funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SG NewTech M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SG NewTech
What does SG NewTech do?
SG NewTech is a systems integrator and implementation partner specializing in banking technology platforms for financial institutions (banks, MFIs, credit unions, and fintechs) in emerging markets. The company implements and deploys core banking systems (Temenos T24 Transact, Financial Inclusion Accelerator), omni-channel digital banking platforms (DigiWave), loan origination solutions (CreditQuest), AI-powered fraud detection (NG|SCREENER), digital lending technology (Paretix), and provides managed quality assurance and software testing services through its T'Factory brand.
Is SG NewTech a public or private company?
SG NewTech is a private company. It is classified as corporate owned and is currently operating.
When was SG NewTech founded?
SG NewTech was founded in 2019. It employs 51 to 100 people.
Where is SG NewTech based?
SG NewTech is headquartered in Sofia, Bulgaria, in the Europe region.
How does SG NewTech make money?
Four revenue lines are on record. Professional Services - Implementation is the primary driver. The others are managed Services - BAU Support, testing as a Service (TaaS) and training Services.
Who are SG NewTech's main competitors?
Emerging players on record are Thought Machine and Mambu. Broad incumbents are Accenture, Wipro, Tata Consultancy Services (TCS), Infosys, Temenos and Capgemini. Direct peers are NetGuardians and Software Group.
Does SG NewTech have an API?
No public API is recorded for SG NewTech.