The Asian Banker Award 2015 for Best Branch Automation Project recognizes outstanding achievements and best practices in technology implementation. This award programme measures both project implementation and sustainable business impact. It is the most respected and comprehensive programme of its kind for financial services providers in the Asia Pacific, Middle East and Africa regions.
Bank Dhofar was a winner for this year’s Asian Banker Award 2015
Newgen Software’s BPM and ECM implementation at Bank Dhofar has helped the bank win The Asian Banker Award for the Best Branch Automation Project, 2015. Bank Dhofar was felicitated with the award The Asian Banker’s 2nd Annual Middle East and Africa Award Ceremony at the Ritz Carlton, DIFC, Dubai on May 27th 2015.
Bank Dhofar chose Newgen’s solution to automate its Retail loan and Credit Card Disbursal and Account Opening Processes. Newgen’s solution helped Bank Dhofar by streamlining operational processes and also drove down operational costs. With this implementation Bank Dhofar was able to reduce the turn-around-time from 7 days to 1 day. The project automated previously manual processes, reducing loan approval time from 6 days to 1 day and credit card processing time from 4 days to 1 day.
The award was accepted by Mr. Ahmed Said Al Ibrahim, Chief Corporate Services Officer – Bank Dhofar , Mr. Nikhil Sawhney, Head Strategic Accounts -Newgen Software and Mr. Prashant Sahai, Business Head – Newgen Software.