Newgen Check Truncation System: 20 banks, and still counting

From the time Reserve Bank of India announced the mandatory implementation of Check Truncation for all the banks in India, Newgen Software has clearly emerged out as the market leader in India for providing image-based Check Truncation solution.

With CheckFlow^TM, Newgen Software has been successful in getting orders from a number of banks such as Abu Dhabi Commercial bank, ABN AMRO, HSBC, Bank of America, Mashreq Bank, Bank of Nova Scotia, RAK Bank, Bank of Baroda, Indian Bank, ING Vysya, Andhra Bank, Karnataka Bank, Kotak Mahindra Bank, Yes Bank, United Arab Bank, United Bank Limited, United Western Bank, Janata Bank, Kangra Cooperative Bank and Bombay Mercantile Co-op Bank.

Newgen Software has achieved this success in spite of competition from several established international vendors. Some of the reasons for this success are Newgen Software’s unique advantage of BPM-enabled Check Truncation solution, unparalleled flexibility and ability to integrate any check scanner with a hardware-agnostic approach.

Buoyed by the success in both Indian and the Middle East markets, Newgen Software is planning to foray into upcoming Check Truncation markets like APAC countries.