The Asian Banker 2016 for Best Corporate Payment Technology Project recognizes outstanding achievements and best practices in technology implementation. This award program measures both project implementation and sustainable business impact. It is the most respected and comprehensive programme of its kind for financial service providers in the Asia Pacific, Middle East and African Regions.
United Arab Bank won the Asian Banker Award 2016 for Best Corporate Payment Technology
Newgen Software’s BPM and ECM implementation at United Arab Bank has helped the bank win The Asian Banker Award for the Best Corporate Payment Technology, 2016. United Arab Bank was felicitated with the award The Asian Banker’s 3rd Annual Middle East and Africa Regional Award Dinner at Ritz Carlton DIFC on 20th April, 2016.
United Arab Bank deployed Newgen’s web-based Image Cheque Clearing System. The system is based on guidelines laid out by the Central Bank of the United Arab Bank and seamlessly operates for outward and inward clearing sessions. With this implementation the bank achieved faster cheque clearance cycle and reduced outward clearing turn-around-time by 30%.
The award was accepted by Mr. Aditya Parashar, Manager Strategic Accounts – Newgen Software, and Mr. Lee Mascal, Senior Vice President – Information Technology & Organization – United Arab Bank