Abu Dhabi Bank Deploys Cheque Truncation System From Newgen Software

Newgen Software Technologies, a provider of Business Process Management, Document Management and Imaging solutions, announced the successful implementations of its Cheque Truncation System (CTS) solution at Abu Dhabi Commercial Bank. Newgen is also expected to deploy its Business Process Management (BPM) solution to automate the bank’s processes.

Commenting on the Newgen solution, an Abu Dhabi Spokesperson said, “We are pleased with the software delivery of Newgen’s Image Cheque Clearing Solution. As demonstrated by the team during the product presentation, we found the in-built BPM platform very useful to align our business processes. It would provide us the flexibility to amend our business processes and improve them further.”

Speaking on the occasion Diwakar Nigam, managing director, Newgen Software

Technologies said, “We are glad to announce the successful implementation of Cheque Truncation System (CTS) at the prestigious Abu Dhabi Commercial Bank, one of the modern, dynamic and customer-focused banks in the UAE. Not only will our solution help the bank in shortening their clearing cycles but will also provide a centralized image archival system for efficiency in operations. Our BPM solution is geared to electronically streamline the bank’s business processes to maintain information integrity, thereby leading to greater productivity.”

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The Cheque Truncation System (CTS), based on Newgen BPM platform, is an image-based cheque clearing system, which replaces the physical cheque flow with electronic information flow throughout the clearing cycle.