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Payment, Settlement and Cheque Clearing
Newgen Case Study on Implementation of Image-based Cheque Clearance.
A highly scalable solution that shortens the cheque clearing cycle, reduces the cost associated with the physical transportation & cheque storage followed by an instant retrieval of the cheque images along with no additional IT infrastructure investment for the largest private bank in UAE.
Newgen Case Study on Application of Cheque Truncation System.
The client is one of the leading banks in the United Arab Emirates (UAE). The bank is engaged in providing retail and corporate banking services through its network of 16 branches in the UAE. Newgen’s end-to-end solution automated the entire gamut of card services requests and automated 21 card processes. Newgen’s solution helped the client to reduce its operational costs by 60,000 AED per month.