Ensure Governance Risk & Compliance With GRC Automation Software

Compliance officers rank 'continuing regulatory change' as their biggest challenge.
– Thomson Reuters

Across all industries, regulations and requirements are constantly evolving. Simplify regulatory compliance and risk management by streamlining your reporting and documentation processes. Improve your visibility, control, and data security, and empower your relationship managers to handle multiple, complex customer relationships.

You are adhering to governance and compliance needs when

You can identify and manage risks on an ongoing basis – system-identified exceptions and escalations are a great way to minimize such risks

Your companies’ values and ethics are clearly defined and communicated to all the employees

You stay on top of continuously changing regulatory requirements – configurable business rules can take away the complexity of managing such changes

You have end-to-end visibility and control of your operations – real-time reporting from your digital automation platform is just the start

You can ensure complete data security to your internal users and customers – security, permissions, and access hierarchy are all integral part of your digital automation platform

Newgen can help!

Streamline your governance and compliance processes with our products and industry-specific applications

Account Opening

Unified Platform for All Banking Products
Omnichannel and Personalized Onboarding Experience
Information Capture and Upload
Customer Verification and Risk Management
Activity Tracking and Monitoring
Seamless Integration with Third-party Systems
Customer Onboarding Activities

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Lending

Retail lending
Commercial lending
Small business lending
SBA lending
SME lending
Mortgage lending

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Trade Finance

Multi-channel trade process initiation
Straight-through processing
Loan limit availability check
Streamlined online operations
Cost reduction and scalability
Trade process monitoring and reporting

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Payments

Check Truncation System (CTS)
Signature Verification System
Automated Clearing House
Post Date Check Management System (PDCMS)
Mobile Check Capture System

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FATCA and CRS Reporting

FATCA Compliance
Common Reporting Standard
Wealth Management Reporting

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Electronic Document and Records Management

Centralized content management
Comprehensive content search and retrieval
Streamlined information access
Unified, platform-based system
Data security and integrity
Compliance and risk management

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Policy Issuance and Underwriting

Policy elements and underwriting analysis
Policy underwriting evaluation
Underwriting checks and validations
Rules-based underwriting
Policy information accessibility
Integration and personalization capabilities

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Claims Processing

Smart case routing and allocation
Customer self-service portal
Policy information retrieval and verification
Rule-based algorithms
Thorough claim assessment
Monitoring and insights

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Employee Offboarding

Payment settlement
Separation revocation
Intelligent personalized dashboard
Rights-based access management

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Financial Statements Close Process

Multi-level governance structure
Activity scheduling and reporting
Alerts and notifications
Comprehensive dashboard

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Where are you in your digital transformation journey?

Problem Identification

We have compiled tools and documents to help you in your journey. Knowing that “what you see depends on where you stand,” we have something for you, as a line-of-business operations in-charge, an IT leader, or a C-level executive, for your industry-specific needs.
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Solution Exploration

At this stage, you might find that the available technology/solution is going beyond your initial expectations in terms of scope. This is also the stage of building consensus among your peers for your industry-specific needs, whether you are a line-of-business operations in-charge, an IT leader, or a C-level executive.
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Requirement Building

This stage is all about looking beyond features and functions. After all, addressing just the immediate need can translate into “short term gain but long-term loss.” Invest in a technology that solves for your today’s needs and is extensible and configurable for your unknown future needs. As a line-of-business operations in-charge, an IT leader, or a C-level executive, you don’t want to go through the same process in another 2-3 years !
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Vendor Selection

It all comes down to choosing the right partner. Their innovation history, industry focus, local presence, support services, partner ecosystem, technology strength, cost effectiveness, customer references, risk rating, and lot more needs to be evaluated. As a line-of-business operations in-charge, an IT leader, or a C-level executive, you are all evaluating them from your unique perspectives!
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Solution Optimization

That feeling of achievement and relief after a successful, on-time, in-budget project is all what you look for. Believe us, the feeling is mutual. As a line-of-business operations in-charge, an IT leader, or a C-level executive, make sure you celebrate the milestone, recognize everyone who made the project successful, and identify your additional digital needs.
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