Newgen Software Registers a Big Check Truncation Win in Saudi Arabia

A leading bank in Saudi Arabia recently chose Newgen Software to implement image-based Check Clearing solution, CheckFlow^TM.

The prestigious order was bagged amidst the fierce competition from global electronic check clearing vendors. With its platform independent, hardware-agnostic and built-on-BPM-backbone solution, Newgen CheckFlow^TM offered unbeatable value proposition to the client vis-à-vis the solutions from other vendors. In addition, with a number of other reputed banks in the region having preferred Newgen solution, the bank was convinced of Newgen’s capabilities. The complete solution would be rolled out in about four months.

The bank, which is the second largest bank in Saudi Arabia, is headquartered in Jeddah. It has a large network of more than 250 branches.