Newgen offers its banking clients a versatile rule based, multi-user cheque processing solution that is capable of inward, outward and return processing. The BPM-based solution offers complete automation of payment, settlement & clearing of multiple instruments including cheques, demand drafts, dividend/interest warrants, etc. The cheques presented to the bank are captured as electronic images serving as replacements for the physical cheques.
Deployed with minimal integration efforts Newgen’s cheque clearing solution enables rule-based signature verification, improves customer satisfaction with faster, error-free, personalized services like return advice and ensures adherence to regulatory and internal standards while at the same time reducing costs considerably.
