VARINDIA IT MAGAZINE

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE   Newgen Software has enhanced its BPM-based payment solution stack for facilitating Direct Debit payments. Newgen has implemented Electronic Fund Transfer (EFT) solutions and Image-based Cheque Clearing Systems (ICCS) across the Indian Sub-continent, the Middle East, Africa and the SEA regions. Diwakar Nigam, CEO & MD, Newgen Software said, “Newgen's solution for Direct Debit payments has been designed to help banks to automate error-prone processes and efficiently manage electronic fund transfers, while reducing their operational expenses. Further, the system can scale up to offer business benefits across multiple lines of businesses within banks.” For More Details See www.varindia.com

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE Newgen Software Technologies Limited has announced the implementation of its BPM solution based on Workflow and Document Management System (DMS) at Marfin Laiki Bank, Cyprus and Remote Image Server (RIS) at Greece and Serbia. Newgen's solution comprising OmniFlow, OmniDocs and OmniScan is expected to meet the Bank's entire document processing needs, ensure faster Turn Around Time (TAT), reduce operational costs, enhance customer satisfaction and increase revenue. Newgen solution is to pave the way for Marfin Laiki Bank to expand its markets and grow its customer base with faster and efficient services. Newgen's end-to-end solution will ensure seamless integration with core applications. The key processes being automated include, Staff Loan processing, Customer fund transfer, customer Creation, Cash Order Approval and Circulation in Branches, Customer Limits Creation and Maintenance, Processing of Customer Maintenance Request and...