The Industrial and Commercial Bank of China Zhonsghan (ICBC Zhongshan) has selected NCR APTRA OptiCash software to reduce operational costs and cash inventory.
NCR will also help ICBC Zhonsghan to maintain ATM availability across the bank’s 200 off-site ATMs.
ICBC Zhongshan has saved more than 20 percent on cash management services from January to April 2015 as compared to the same period last year.
Earlier, the bank used to manage cash relying heavily on short-term data forecasts and the experiences of certain staff members to make daily cash replenishment visits.
In addition, NCR APTRA analyses data directly from the ATM or from existing infrastructure sources to generate a forecast and cost optimized replenishment strategy for every cashpoint.
“NCR is proud to have ICBC Zhongshan as the first bank in China to deploy our cash management solutions. It is imperative for financial institutions to understand the value and cost efficiency that an effective cash management strategy brings,” said Gary Miao, president of Financial Services, NCR Greater China.
In March, Qatar National Bank (QNB) selected NCR to deploy its Consumer Experience Banking (Cxbanking) software, APTRA Activate to support customer transactions.
In January, Emirates NBD Group migrated to NCR Consumer Experience Banking (CxBanking) software – APTRA Activate which helped Emirates NBD’s ATM network offer differentiated consumer experiences.
Last year in June, NCR Corporation signed a software professional service agreement with Hua Xia Bank to transform its banking services with NCR’s latest multi-vendor software application, NCR APTRA Activate.
Shilpa Khatri
