Watch & Learn
Newgen CTS Benefits Deutschebank
Mr. Ravi Kandpal, Director at Deutschebank talks about the benefits which they have achieved after deploying Newgen solutions including CTS.
App Screens
Features
Effective and Accurate Extraction of Data from Cheque Images
Use of MICR, OCR and ICR extraction technologies to extract information from Cheque images with accuracies as directed by the Central Bank.
Features
Image Quality Analysis
Document Quality Analysis to confirm whether the cheques are scanned as per the directions of Central Bank; if not there is provision to take corrective action.
Features
Pre-Designed Process Templates
Newgen CTS solutions come with pre-defined templates for outward/inward clearing, which shall be used and integrated with core banking applications; there are effective sub-sections for areas like post dated Cheque management, signature verification as well as mobile Cheque flow.
Benefits
- Substantially reduces the time taken to clear the cheques
- For banks, CTS enables better customer service and increase in operational efficiency by cutting down on overheads in physical clearing
- Better reconciliation and fraud prevention
- Web referrals to relationship managers who shall discuss with customers and take corrective actions on the cheques presented
- Centralized archival of cheque images, corresponding data and audit trails
