Newgen Banking ppt
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Newgen provides comprehensive document and process management solutions for banks and financial institutions. Their solutions allow for [1] centralized processing of documents through scanning, workflow automation, and archival capabilities, [2] integration with core banking systems for real-time updates, and [3] improved turnaround times and cost savings through process optimization. Their offerings have been implemented by numerous banks globally to streamline processes like account opening, loans, trade finance, and more.
Newgen Banking ppt
- 1. Define, Measure Business Scalability & ,Target, achieve and Improve Centralized Operations Transform your Business Maximize Returns on Seamless Business Core IT Investment Integration Delivering Business Value To Banks
- 2. Industry Recognition 2010 BPM & 2010 ECM MQ Reports Very Large Installations Emerging India Award for IT, ITeS and ICE Fastest Growing Market Leader in DM & WF Market Leader Innovator in ECM Innovator Significant player in Banking Significant Player Global Leader in BPM & DMS Global Leader “Newgen has the resources and skills to develop quickly and I’ve been Agile Company watching their products change quickly and move faster than a lot of their competitors.”
- 3. Rare Product company to be in both ECM & BPM Magic Quadrants ECM MQ 2010 “Newgen has developed a strong presence in EMEA as a vendor of transactional content platforms for large financial services institutions and business process outsourcers. Strong leadership and key accounts management, relevant technology and a services partner program that is paying global dividends ….” Source: Gartner ECM MQ 2010 BPM MQ 2010 “Newgen brings strong support for content interactions within the process (due to its heritage in the ECM market). •OmniFlow is proved for large- volume, document-centric workflows. •Newgen has a good focus on and an understanding of BPM needs in emerging geographies. •Newgen consultants are well-trained in the design and architecture of solutions using Newgen's BPMS.” Source: Gartner BPMS MQ 2010
- 4. Customers Banking & Finance Insurance BPO & Shared Services Telecom Manufacturing & Power
- 5. Large Scale, Proven Deployments - BFSI Banking Financial Services Insurance 100+ processes 18 Financial & 2,000+ (e-Serve); Accounting users, leaner pioneering work processes across 4 branches, 97 20,000 checks in 4 Continents offices hours; Loan Proc 200 million 700+ branches customers, 4 billion 14,000 branches automated in 2 pages archiving 300 report years; 40,000 loans archived, 2000 types (25GB/day) per month branches 55 processes 30 min consumer Claims processing across LOBs loan approval in 4 through 40 low implemented in just countries bandwidth branches 8 months 5000 users, 300 Reports Archival for 450 branches in 22 branches, 20 million 10 yrs. Automated countries, 4 documents, retrieval 9 core processes languages time 3 sec for registration
- 6. Banking Customers in Africa
- 7. Banking: Need for Enterprise Content Management Electronic Documents Email & Fax Correspondence Cheque Images
- 8. ECM – Usage in Banking Departments
- 9. Document Management System Capture Index Storage Archive Scan Email Metadata Fax Print Electronic Redirection Files Search End to End Solution End to Solution
- 10. Business Process Automation Initiation at Business Process Management (BPM) provides platform for branches Data Entry automation of business processes Processing leading to savings in time and cost, and numerous value additions. Process Layer WFM separates the „Process Logic‟ • Processing from the „Application Logic‟. Exception • Exception Generation This allows • Exception Clearing • Verification • Unmatched flexibility in • Upload download process design & re-design Customer Interface Application • Integrating proposals across the process CPC • Monitoring activities across the process - both manual activities and those done by Application IT proposals Core Banking Layer Mortgage/Landing Payment Application
- 11. Comprehensive Enterprise Content Management ECM Suite Record Collaboration Email Archival Management Document Management Imaging DMS Engine Mail Capture Document Browser Data & Hierarchy, Indexing, Search Based Record Management Document Capture , Version, Check-in Check- User Ad-Hoc Document Routing out, Scalable Image Server Technologies Desktops Reporting & Audit Trail Image Enabling End to End Solution Fax Capture Workflow Engine Architecture Process Workflow Modeling, Route, Rules, Rol Integration initiation tools es, Exceptions, Escalations, with Business Process Monitoring & Applications n-tier SOA Architecture Measurement Java EE based Web Services XML/Java API Image Processing Administration & Reporting & Audit LDAP/SSO Engine Monitoring Trail Unicode based
- 12. OmniScan – Production Scanning Tool Extraction through barcode Extraction through OCR Indexing with Business Values Batch/Bulk Scanning Scanning Templates Designing. Image Enhancement operations. Auto Separation on Bar Code, Blank Page. Associate Document Types to Export Documents to DMS. Pages
- 13. OmniDocs – End User Desktop File Documents in Folder Hierarchy. Document Operations like Add, Modify, Delete etc. Check-In, Check-Out & Versioning. Rights on Folders & Documents.
- 14. OmniDocs Search Also Search on Document Properties like modified date, created date, accessed date, document name, author, keywords and owner and size etc.
- 15. OmniDocs Document Viewer View Document‟s generic properties, data class indexes. Apply Annotations & Notes
- 16. Archival of Sharepoint Documents in OmniDocs Documents from the documents Library of Sharepoint can be saved in the corresponding folder of OmniDocs along with indexing. From Within Sharepoint Interface documents can be searched in OmniDocs. INTERACTIVE ARCHIVAL • Click on the document to view it’s context menu. • Click on the sub menu ‘Archive to AUTOMATIC ARCHIVAL OmniDocs’ • Document can also be archived to OmniDocs from SharePoint • Document will be archived as per the without user intervention defined & associated • Automatic Archival utility runs (in background) according to Archival Policy the schedule specified and archive documents according to • Document can be automatic archival policy defined for a Document Library. sent from any folder • This will typically be a case in Sharepoint workflow, when at of the associated the complete stage, documents are need to be sent to Content Document Library of Repository for long term archival SharePoint
- 17. Newgen OmniFlow BPM Suite Work Third Party Applications Items & & Automated Activities Work List Human Task & System Integration Task & Integration Interface Interface Validation Form Designer Interface Business Rules Optimization & Management System Predictive Simulation Execution Engine Process Simulator Definition Rules Engine DMS/RMS Business Activity Interface Monitoring Process Modeler Document Management Dashboard
- 18. Process Modelling Drag & Drop based Modeling Process Versioning Complete flow chart of process. Definition of Business Rules. User Queues with Access Rights. User & System worksteps.
- 19. Form Designing • Rich Drag & Drop Form Building Tools • Event Driven Data Fetching • Work step based Tab Control Handling • Intelligent Client Side Calculations & Validations • Interface for Raising and clearing exceptions • Framework for taking actions on work items namely reject, approve, wait for exception clearance
- 20. Business Activity Monitoring Dashboard for Business Activity Monitoring Report Building Wizard Drill Down Reports for detailed Analysis Actions for removing Bottlenecks- Optimizations Alarms & Triggers 20
- 21. Application Area: Account Opening Central Processing Office 5 Exception Handling 4 Data Entry & Document Verification Central Scanning Exception Handling 6 Authorization 7 Account Activation Local Scanning BRANCH OFFICES 8 Email Notification to 3 Issuing Welcome Kit customer 2 Minimal Data Entry 9 Disbursing other documents to customer 1 Documents Receipt/ 10 Archive Checking
- 22. Application Area: KYC Documents Process Central Processing Office 5 Verification Agency Address /Credit Verification Central Scanning Exception KYC Rating process 6 Handling Local /Distributed Scanning Account Activation 7 4 Collect KYC Information Email Notification to 8 customer 3 Documents Check and Verfication Archival of documents 9 for long term 2 Collect Documents 10 Core Application Update 1 Collect Customer Information
- 23. Application Area: Loan Processing CENTRAL PROCESSING LOCATION 9 Disbursement & start of post disbursement processes 8 Core Banking Update Exception 7 Authorization 6 Score Checking 5 Exception Handling 4 Request Verification Agencies Data Entry & Document 3 Verification BRANCH OFFICES 2 Document Scanning 1 Documents Receipt/ Checking
- 24. A leading Financial Institution in India Overview Functional Area Business Documents India's second-largest bank with total Retail Consumer Domestic & NRI Account Opening Forms – assets of US$ 77 billion, uses OmniDocs Accounts AOF, Annexure & Signatures. Branch as the enterprise archive for all of their Request Processing Documents. Image Retail & Corporate banking related Data & Signature exported for uploading in Finacle. documents Consumer Loan Approved Loan application forms classified Used for archival of Insurance policy Application as Personal, Commercial Vehicle, related documents in ICICI Prudential Processing Consumer Durables, Farm Equipment, Integrated with more than 5-6 business Construction equipment & Medical equipment. Archived documents Indexed applications. with Loan No generated from financial Locations FinOne application. 2000 branch offices Trade transactions Current Account Maintenance, Fixed Deployment of domestic & Deposits, Rural & Micro-banking and Agri- Solaris/Oracle App Server / Oracle International Business Group (RMAG) signatures, Real Database. locations Time Gross Settlement (RTGS) Documents, Central Information Branch (CIB) requisition Solution deployed across ICICI forms. Bank, ICICI Prudential and ICICI Web Trade Web Trade Account Opening Forms - Lombard. Processing demographics, exchange agreements, client Integrated with MQ series, Credit card - DP agreement, POA for equity, POA for commodities. application etc. Life insurance Archival and storage of insurance policy 10,000 users across ICICI group. Policy related documents like CAF etc 225 million stored documents. Running in mission critical mode since
- 25. 50% Reduction in Loan Processing Time Challenges: Benefits: • Delayed and erroneous Loan processing Processes more than 800 loans & 20,000 • Exponentially growing workload requests per day • Tracking of status of requests Customer delight with 15 days TAT down to 7 days for loan issuance • Storing and managing of documents • High operational costs 50% reduction in manual work owing to truncation of paper at Mid-Sales Office Enabled centralized processing, 2000 users Processes Automated: Request Management System at Call Center • Personal loan process for 1000 users • Request management system Drastic cost reduction • Check truncation system (CTS) “We chose Newgen over others, owing to th company's Document Management and Workflow capabilities.” - Head – IT
- 26. Bank Muscat Processes Automated Business Benefits • Account Opening • Leaner branches/Conversion • Funds Transfer to Sales and Service outlets. • Retail Loans • Added around 10,000 man • Trade Finance hours p.m. from back office function to sales and service • Remittance • Branch operations limited to Cash/Drafts and Stop Business Requirement payments. • Need for centralization of Processes. • 20% savings in Ops staffing • Truncate physical document movement levels due to economies of from 110 branches scale. • Improve TAT for critical processes like • 90% reduction in TAT because Account Opening, Retail Loans, Funds of Imaging/Escalations and Transfer etc. Exception management • Capture Erroneous/Incomplete/Duplicate • Efficient MIS for Management cases at the time of initiation itself . that helps in the target setting • Basic MIS for TAT/Escalation for the branches management/Pending cases etc.
- 27. Solution for Abu Dhabi Commercial Bank Business Requirement Process Implemented - Account Opening ADCB has 43 branches for retail operations Process Customer visits the Branch for opening an Business Benefits account or alternatively DSA can approach Core system was developed long back and prospect/customer for account opening. did not have extensibility to capture new information which was necessary for Capturing / Editing customer information and statutory compliances and audits. This KYC information - account related information now captured and managed in details, relationship between the new account BPM. and customers, operating instructions, account Integration with Core banking and memo and signature cropping. subsystems like SDC system Generating requests for Cheque Books and Availability of online images for verification Smart Debit Cards (SDC) in Core System. Improved turn-around time Generating handoff file and uploading status Generating customer and account related for welcome kit to be dispatched by courier forms in PDF format through the captured company. information Integration with Core banking system to push customer information, customer signature and account information. Deployment Details Oracle 9i Windows 2000-Advanced Server 27 150 users
- 28. Asset Finance Processing in Kenya based Bank Challenges: • Decentralized processing of loans • No Visibility of Documents while in process Processes Automated: • Asset Finance, Motor Loans, Insurance Premium Processing Benefits: • Image Movement has been centralized • Basic Automation accomplished • Real Time view of the Loan Document File Movement
- 29. Newgen‟s Comprehensive Product Suite Workflow & Business Process Management Platform for process automation, including modeling, simulation, workflow execution, monitoring & imaging. Scanning & Distributed Capture Tool for bulk & distributed scanning of paper documents. Payment and Clearing Systems BPM-based application for payment, settlement & clearing of checks, demand drafts, dividend/interest warrants, etc. Data Extraction from Paper Application for data extraction from structured forms through ICR, OCR, Barcode & OMR technologies.
- 30. Newgen‟s Comprehensive Product Suite Document & Record Management Platform for enterprise document archival & record management. Document Output Management Application for document/ statement generation and distribution for consolidated and personalized output management. Reports Archival & Distribution / COLD Application for archival of data & reports from disparate systems for fast, on-demand retrieval. Image Enablement of Core Applications Adaptor to associate and retrieve document images from core systems like Flexcube, Finacle, Misys, SAP, etc.
- 33. Support Methodology Support Type Detail Location Provided By L1 Support Production Onsite Partner Deployment Support L2 Support Implementation Onsite/Offsite Partner/Newgen Support L3 Support Product Support Offsite Newgen
- 34. Thank you Corporate Office: International Offices: New Delhi Hyderabad US Newgen Software Technologies Ltd. Newgen Software Technologies Ltd. Newgen Software Inc. A-6, Satsang Vihar Marg, Qutab Institutional Area 304/2, 3rd Floor, Block-I, White House 1364 Beverly Road, Suite 300 New Delhi - 110 067 6-3-1192/1/1, Kundan Bagh McLean, VA 22101 Tel: + 91 - 11 - 2696 3571, 2696 4733, 2656 1223, Begumpet, Hyderabad - 500 016 Tel: + 1 - 703 - 749 - 2855 26371267~71 Tel: + 91 - 40 - 5561 1020, 3912 1020 Email: [email protected] Fax: + 91 - 11 - 2685 6936 Telefax: + 91 - 40 - 2784 0156 UAE Email: [email protected] Email: [email protected] Newgen Software Technologies Ltd. Sales & Support Offices: Mumbai YI 46 New Delhi Newgen Software Technologies Ltd. PO Box 120586 Newgen Software Technologies Ltd. B-Pitruchhaya, Sharjah Airport International Free Zone E44/13, Okhla Industrial Area Phase II Parulekar Marg, Sharjah New Delhi - 110 020 Off. Ranade Road, Dadar United Arab Emirates (UAE) Tel: + 91 - 11 - 2638 4060, 2638 6158 Mumbai - 400 028 Email: [email protected] Email: [email protected] Telefax: + 91 - 22 - 2444 6588-89 Malaysia Bangalore Email: [email protected] Newgen Software Technologies Ltd. Newgen Software Technologies Ltd. Chennai Plaza Sentral FF-2, Alpine Arch, 10 Langford Road Newgen Software Technologies Ltd. Kuala Lumpur Bangalore - 560 025 Brooklyn Business Centre Email: [email protected] Tel: + 91 - 80 - 2223 7765, 2227 3614 5th Floor, East Wing, Telefax: + 91 - 80 - 2229 1615 103 - 105, Poonamalle High Road Email: [email protected] (Next to Dasaprakash Hotel), Kolkata Chennai - 600 084 Newgen Software Technologies Ltd. Tel: + 91 - 44 - 55651060~62 "Malancha", 1st Floor, 4A, Email: [email protected] Lala Lajpat Rai Sarani Kolkata - 700 020 Tel: + 91 - 33 - 2280 1860, 2280 1870 Email: [email protected]