Newgen to Drive CTS Readiness for Banks in the Philippines

Newgen Software, a leading global provider of Business Process Management (BPM), Enterprise Content Management (ECM), Customer Communication Management (CCM), and Adaptive Case Management (ACM) solutions, organized a conference on “Check Truncation System (CTS)” in Manila, Philippines on February 4, 2015 with a focus on ‘Check Truncation-Redefining Payment Systems Landscape.’

Speaking on the occasion Mr. Pramod Kumar, Business Head APAC – Newgen Software said, “Newgen CTS offering and integrated payment solutions are aimed at facilitating the introduction of Cheque Truncation mandate in Philippines and creating a seamlessly unified payment hub.” Mr. Kumar emphasized on the benefits of having a BPM platform over point solutions. “Organizations are increasingly moving from point solutions to comprehensive BPM platforms that give them an added advantage of agility, scalability, configurability and license cost reduction, besides ease of use and technical simplicity.”

Mr. Jonvic Apaliso, IT Operation Head – East West Bank deliberating at the event said, “Newgen BPM platform oriented image based cheque clearing solution has helped us in improving efficiencies in the clearing process; complementing our efforts for enhancing customer experience. Additionally, we have also been able to standardize processes across branches, increased per day processing of cheques by almost 3 times, able to extend the platform to automate other payment processes like Signature Management System, Request for Payment and Bank-wide Tracking System etc., improve process visibility and ease-off scalability and roll-out to new branches.”

Newgen CTS Manila event was attended by more than 100 bankers with representations from 23 banks across the region. More than 50 attendees were FVPs, VPs, Clearing department heads, CIOs, CTOs, COOs, IT heads. A key highlight at the event was the complete overview of Newgen CTS solution and other payment settlement processes presented by a senior solution expert from Newgen. Another highlight of the event was an interactive Panel Discussion that included question & answer round where the panelists comprising of Mr. Randy Evangelista, CIO East west bank and Newgen leadership team answered the questions asked by the audience and cleared the doubts surrounding Electronic payments and related topics.

Newgen is a leading solution provider in the payments landscape with implementations in over 50 banks across the globe including APAC and SEA regions. Remax is Newgen’s local partner in Philippines for CTS implementations.

To know more, please visit www.newgensoft.com