Payment Automation Software

Automate your end-to-end payment processes by leveraging Newgen’s Payment Hub solution. Our single-window payment platform (inward & outward) bridges the silos between different payment systems used by financial institutions. Built on a low code platform, the solution confers configurability, agility, future readiness, and faster time to market. By leveraging our payments automation solutions, empower your employees to efficiently manage and process all payment types from one unified interface while digitally capturing images and processing cheques in a paperless environment. With support for omnichannel payment requests, deliver a seamless customer experience across all channels and devices.

SWIFT Payment Automation

Multi-channel payment initiation – (SWIFT MQ, branch walk-in, online banking, tab/mobile banking, emails, bulk uploads, and third-party applications)
Multiple payment types support (inward and outward payments, all types of payment instruments, domestic and cross-border payments)
Payment compliances (SWIFT, ACH, NEFT, RTGS, instant transfers, ISO 20022, and SWIFT GPI enabled)
Straight-through processing
Payment monitoring and reporting

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Check/Cheque Truncation System (CTS)

Also referred to as the Check/Cheque Image Clearing System (CICS)

High-quality images of physical checks/cheques
Reduced time taken for clearing checks/cheques
Truncation of the check/cheque image at the presenting bank and seamlessly moving through the check/cheque-clearing cycle
Check/cheque access from any machine within the banks’ network
Better reconciliation of checks/cheques and prevention of fraud

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Signature Verification System

A repository of signatures and policy mandates that can be dynamically accessed during the clearing process
Support for account definition, signatory mapping, mandate scanning, and image cropping
Simple to complex logics based on different amount bands and signatory categories
Auto-validation of rules based on the amount and signatories present on the check/cheque or mandate form
Guaranteed process compliance and reduced risk

Automated Clearing House

Elimination of paper-based checks/cheques for routine payments
Access from any machine on a network using a web-based, user-friendly system
Adherence to the central bank’s guidelines related to faster transfer of funds using electronic instructions
Straight-through processing for incoming transactions

Post Date Check/Cheque Management System (PDCMS)

Advanced imaging and automation technologies for faster check/cheque clearing
Check/cheque images used instead of physical copies
Scanning, record management for vaulting, and lodging/withdrawal of post-dated checks/cheques
Shorter processing cycles by keeping track of check/cheque presentation dates

Mobile Check/Cheque Capture System

Submission of high-quality check/cheque images using camera-equipped smartphones enabling retail and corporate customers and field agents
Real-time processing
Virtual presentation of checks/cheques to the central bank for clearing

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Success Stories

Accelerating digital
across 20 branches

Learn how Wilson Bank & Trust is leveraging Newgen’s Digital Transformation Platform for online account opening, business banking, and small business lending.

Seamless Integration with
Fintech Partners

Watch this video to understand how Advia Credit Union is leveraging Newgen to seamlessly integrate with fintech partners and transform member experience.

Enhancing Account
Opening process

Learn how Georgia’s Own Credit Union leverages Newgen’s Account Origination platform to minimize time taken to open an account, and easily integrate with third party systems.

Why Newgen is the
Partner of Choice

Watch this video to learn why Newgen is the partner of choice for Old Point National Bank.

Credit offers
in less than 1 minute

Qander Consumer Finance leverages Newgen’s automation platform to transform and automate their banking processes, delivering credit offers to customers in under a minute.

50%
reduction in cost

Nancy Foster, SVP and Credit Administrator, talks about using Newgen’s solutions to digitally transform BNB Bank’s banking processes for improved customer experience.

Turnaround time reduced
from day to an hour

Equity bank was able to deliver consistent customer experience across all channels, embrace mobile-first approach & eliminate process inefficiencies using Newgens' Online Account Opening Solution.

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