How does it work?
- Bank clients, SME and public, can deposit or change their money at multi-service devices at various convenient locations
- Functionality can include any variation of…
- Bag drop including mixtures of notes, coins and cheques
- Note deposit
- Coin deposit
- Note dispensing
- Rolled coin dispensing
- Locker support to allow documents, valuables and other services to the clients
- Efficient and convenient systems for small and medium businesses
- Automates services allowing banks to reducing overhead dependency
- Cash recycling and 24hr change machines for local businesses
- Banks maintain a presence in less populated areas to provide more services for their customers
Benefits
- Banks retain their loyal customers with less dependency on traditional services
- Lower running cost than a branch
- Banks retain a high street presence
- No staff needed, therefore increased profit
- Efficiency through automation allowing bank to focus on sales channel
- Potential for stronger sales channel to be developed
- Alignment of branch services with core bank channel strategy
Advantages
- Automation can now be deployed easily and effectively without the need for high build costs
- No need for large IT integration projects as services can be setup around existing bank functionality
- Reporting, management and services can be exactly aligned with the bank requirements
- Branding will be that of the bank, providing consistency and customer loyalty
