Payment Automation Software | Automates Your Payment Process

Payments Automation Platform

Automate your end-to-end payment processes by leveraging our unique, platform-based solutions. Empower your employees with the tools to digitally capture images, process cheques in a paperless environment, increase efficiency and accuracy, and deliver a seamless customer experience across all channels and devices.

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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Solutions for Financial Institutions

Online Account Opening

Deliver a frictionless, personalized, and omnichannel...

Lending

Ensure scalability to cater to all loan types and...

Trade Finance

Improve compliance and efficiency by automating and...

Payments

Streamline your payment processes with new technologies to...

Compliance and Reporting

Comply with regulatory requirements to mitigate risk and...

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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