ISTANBUL, Nov. 21, 2017 /PRNewswire/ -- VakifBank, a
leading Turkish bank, is expanding the functionality of its
self-service channel by introducing new software and cash recycling
systems from Diebold Nixdorf (NYSE:
DBD), a world leader in enabling connected commerce for
millions of consumers each day across the financial and retail
industries. The bank is upgrading 400 automated teller machines
(ATMs) with multivendor software and cash recycling systems that
improve cash processing efficiency while enabling the quick and
easy 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 cash-heavy, 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 and reduce
cash-in-transit visits significantly. Banks in Europe, in particular, have recognized the
advantages of cash recycling and are continuing to invest in the
technology. Analyzes 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
percent from the previous year.1
"Our ATM network currently comprises around 4,000 ATMs and
deposit terminals. We expect significant cash-handling savings
through the gradual replacement of existing systems with cash
recycling technology that has proven itself in extensive tests with
regard to performance and availability," said İlker Yeşil,
assistant general manager, payment systems and delivery channels at
VakifBank.
"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, Europe, Middle East and Africa (EMEA), Diebold
Nixdorf. "Our portfolio for the optimization of cash
processes continually improves based on more than 20 years of
experience with cash recycling technology. Today, our Cash
Cycle Management Portfolio offers banks an end-to-end optimization
of all branch cash processes through enhanced software and services
that give our customers a 360-degree view of their complete cash
cycles."
About VakifBank
VakıfBank was first established with an initial capital of 50
million TL on the 11th of January
1954 and later started operating on the 13th of April 1954, for the purpose of best utilizing the
foundations' monies. Besides, VakıfBank aims at contributing to the
savings of the country with the modern banking practices and
utilizing them according to the requirements of the economic
development.
As of June 30, 2017, VakıfBank is
the seventh largest bank in Turkey
in terms of asset size. Since its very first date of foundation,
VakıfBank continues its activities towards the growth and
development of the country's economy, and the integration with the
world economy pursuant to the provisions of its private law.
VakıfBank has been reaching out its corporate and individual
customers in a most efficient manner through its internet and
telephone banking services. As of June 30,
2017, VakıfBank undertakes a leading role in the financing
of domestic and foreign trade through 927 branches, 4,045 ATMs and
215,550 units of POS that constitute its alternative distribution
channels. VakıfBank has three international branches located in
New York, Bahrain and Arbil. In addition, VakıfBank
operates in Austria with a
subsidiary, VakıfBank International AG, which has branches in
Vienna, Cologne and Frankfurt. Visit www.vakıfbank.com.tr for more
information.
About Diebold Nixdorf
Diebold Nixdorf, Incorporated
(NYSE: DBD) is a world leader in enabling connected commerce for
millions of consumers each day across the financial and retail
industries. Its software-defined solutions bridge the physical and
digital worlds of cash and consumer transactions conveniently,
securely and efficiently. As an innovation partner for nearly all
of the world's top 100 financial institutions and a majority of the
top 25 global retailers, Diebold
Nixdorf delivers unparalleled services and technology that
are essential to evolve in an 'always on' and changing consumer
landscape.
Diebold Nixdorf has a presence in
more than 130 countries with approximately 24,000 employees
worldwide. The organization is headquartered in North Canton, Ohio, USA and Paderborn,
Germany. Shares are traded on the
New York and Frankfurt Stock
Exchanges under the symbol 'DBD'. Visit www.DieboldNixdorf.com for
more information.
1 RBR 2017, Global ATM Market and Forecasts to
2022
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