Newgen Software and Enterprise Content Management (ECM) have announced the success of its process automation solutions for achieving "operational excellence". Newgen Software has some of the world’s largest deployments of BPM and ECM under its belt as accepted and appreciated by the analyst community at large. The company has helped banks to automate processes like Loans Management, Account Opening & KYC (Know Your Customer), Fund Transfers & Remittance, Inward & Outward Clearing, Trade Finance (LC, LG, BG), Audit & Compliance, Credit Cards, Forex Operations, Wealth Management, PDC Management, and so on.
The 6th CII Banking Tech Summit 2011 focussed on expanding the frontiers of banking with innovations via technology. Through this event all stakeholders came on a common platform to discuss and deliberate upon the challenges faced by the industry and how best to leverage technology to adopt a sustainable and inclusive growth strategy. The core theme of the event was "Changing Rules of the Game through Technology".
Newgen Software has already made its mark in helping the banking industry become paperless and cheque-less. The company has by far the largest market share in India. Seven out of top 10 banks in each of the three categories of BusinessWorld Best Banks, viz., Large Banks, Medium-sized Banks and Small Banks, are customers of Newgen Software.
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