Newgen Software announces success of PAS

Newgen Software has announced the success of its process automation solutions (PAS) for achieving "operational excellence". Speaking on the 6th CII Banking Tech Summit 2011 held on June 28th in Mumbai, Hareish Gur, Vice-President (India & Asia-Pacific), said, "Our world-class solutions have helped banks and financial services organizations in 40 countries to continuously improve their business cycle times, productivity standards and compliance. The inherent capability of our product suite to achieve excellence (or kaizen) in operations has added to the core competence of our customers."

Newgen Software has helped banks to automate processes like Loans Management, Account Opening and 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".  The Reserve Bank Deputy Governor K. C. Chakrabarty, who delivered the keynote address at the summit said, "The next big challenge for our banks is to make banking paperless, cheque-less and cashless."