Newgen Software’s BPM and ECM implementation at Punjab National Bank has bagged the e-gov BFSI Leadership Award 2015 for Best Banking provided to urban and rural areas. This prestigious award is bestowed by the e-Gov magazine recognizing the exemplary innovations and initiatives across the banking, financial services and insurance industry. The jury at the ceremony adjudged nominations on parameters such as innovation, scalability, ability to overcome challenges, and impact potential.
Punjab National Bank selected Newgen solution to bring processing activity to BackOffice (CBOTF) from Branches and to have a transparent monitoring system in place to track requests for Trade Finance processes such as Bill Entry, Bill Processing, Export Collection, Negotiation purchase, Import LC, Foreign Letter of Guarantee and Outward Remittance management. As of now, the system is rollout to 110 Branches.