Vision Bank has modernized its document management system in partnership with Newgen Software, a digital transformation platform provider.
Through this partnership, Abu Dhabi-based Islamic financial institution Vision Bank has deployed Newgen’s AI-first Electronic Document and Record Management System (EDRMS) along with NewgenONE ECM’s intelligent content capture capabilities for seamless document scanning.
The EDRMS was fully integrated with the bank’s core systems and channels, automating the entire document lifecycle (from creation to archiving) on the secure Microsoft Azure Cloud platform.
The integration has increased the bank’s archiving capacity and enabled advanced features to track, monitor and retrieve documents in real time.
Newgen Software VP sales head for MENA Prashant Sahai said: “We are proud to have delivered commendable results that further strengthen our partnership with Vision Bank.
“Our EDRMS solution has enabled the bank to benefit from enhanced security, scalability and real-time access to information. We aim to provide customer-centric solutions to further enhance their growth.”
Vision Bank operates as a prudential Category-1 Islamic Financial Institution, registered with the Abu Dhabi Global Market (ADGM) and regulated by the Financial Services Regulatory Authority (FSRA).
The bank offers Sharia-compliant services, with permissions such as accepting deposits, advising on investments or loans and extending credit, although it does not operate profit-sharing investment accounts.
Vision Bank CEO Parvin Jain said, “We chose to partner with Newgen because of their proven domain expertise and reliable solutions tailored to our digital banking needs.
“Together we were able to simplify workflows, improve security and build a stronger foundation for future innovation.”
Recently, Newgen partnered with Mambu to support digital lending for banks, digital banks, non-banking financial companies, fintechs and Islamic lenders.
“Vision Bank Modernizes Document Management Process with Newgen” was originally created and published by Retail Banker International, a brand owned by GlobalData.
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