NEWS
Diebold Nixdorf Software benefits
Turkey’s VakifBank
V
akifBank, a leading Turkish bank, is expanding the functionality
of its self-service channel by introducing new software and cash
recycling systems from Diebold Nixdorf, a world leader in enabling
connected commerce for millions of consumers across the financial
and retail industries. The bank is upgrading 400 ATMs with multi-
vendor software and cash recycling systems that improve cash
processing efficiency while enabling the efficient introduction of new
services. Additionally, Diebold Nixdorf will support the new systems
through a maintenance services agreement to ensure the highest
level of availability.
In the highly competitive Turkish market, financial institutions
that reduce their cash management costs are able to gain a
competitive edge. According to Diebold Nixdorf, the rollout of cash
recycling technology will drive down the total cost of ownership
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and reduce cash-in-transit visits significantly. European banks, in
particular, have recognised the advantages of cash recycling and
are continuing to invest in the technology. Analysis conducted by
the British market research firm RBR show there were more than
122,000 automated deposit ATMs in Western Europe in 2016, up
6% from the previous year.
“We draw on our software and cash management expertise to
support banks with efficient, highly available self-service solutions
that help create an ideal connected commerce experience,” said
Christian Weisser, Senior Vice President and Managing Director
(EMEA), Diebold Nixdorf. “Today, our Cash Cycle Management
Portfolio offers banks an end-to-end optimisation of all branch cash
processes through enhanced software and services that give our
customers a 360-degree view of their complete cash cycles.” n
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