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, is organizing 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 about the subject Mr. Pramod Kumar, Business Head APAC – Newgen Software said, “The global financial payment landscape is witnessing a huge transition from traditional modes to new innovative electronic modes of payment systems. By adopting a futuristic Check Truncation System, banks can reduce their check clearance time, comply with statutory requirements, minimize frauds, streamline their Payment and Settlement function and embrace the journey towards a Unified Payments Hub.”
The conference will be addressed by a senior official from East-West Bank, Philippines, one of the early innovators to adopt CTS. Solution experts from Newgen will deliberate upon the key issues impacting the payment & clearing functions in a financial entity and how these challenges can be addressed by Newgen CTS solution to drive the future of the evolving Electronic Payment ecosystem.
Newgen CTS solution will also facilitate the introduction of the check truncation mandate in Philippines. Besides Check Truncation, the event will also have experts sharing their thoughts on the evolution of various payment channels and Newgen’s integrated solution for creating a seamlessly unified payment hub.
Newgen is a leading solution provider in the payments landscape with implementations in over 50 banks across the globe including APAC and SEA regions. Newgen offers a unified hub for payments processing (image and non-image based), enabling banks to effortlessly migrate from legacy payment systems to Image-based Check Clearing System, Electronic Funds Transfer, Automated Clearing House, Direct Debit, Mobile Capture, etc.
Newgen’s Image based Check Clearing System or Check Truncation System reduces the time taken to clear the checks by using the check image instead of the physical check for clearing. It enables efficient reconciliation and fraud prevention.
08:45-09:15 hrs Key Note Address- East West Bank
09:15-09:45 hrs CTS Transformation Success- Newgen Customer
10:00-10:45 hrs Newgen Check Truncation System Overview
10:45-11:30hrs Panel Discussion
11:30hrs onwards Networking Session over Lunch
Newgen Software Technologies Pte Limited is a leading global provider of Business Process Management, Enterprise Content Management, Customer Communication Management and Adaptive Case Management.