One of the leading private banks in the UAE needed to implement an image-based electronic cheque clearance solution in light of the regulations imposed by the Central Bank of the country. Read how the Newgen CTS solution aided the bank by shortening the cheque clearing cycle, reducing costs and improving customer service and responsiveness.
One of India’s most reputed banks wanted to centralize and automate its cheque clearing process to comply with the CTS mandate issued by the Reserve Bank of India. Read how the Newgen CTS solution helped the bank comply with the RBI regulation and also process 3500-4000 inward cheques and 4000-5500 outward cheques on daily basis.
The client is one of the leading banks in the UAE, with total assets as on 31st December 2005, of AED 45,742 million (US$ 12,453 million), making it the largest private bank in the UAE.
