For banks and ATM deployers who are pivotal to how access to cash is preserved, solutions that ensure effective cash management and logistic while reducing operational costs need to be deployed.
Auriga, a global software provider for the omnichannel banking and payments industry, today celebrated the winning of the “Improving the Costs of Cash White Paper” contest from ATMIA, the leading non-profit trade association representing the entire global ATM industry.
The contest aimed at encouraging the global ATM industry to advocate for the future of cash highlights software, strategies, and other tactics focused on reducing costs and remaining competitive as a payment method.
Auriga submitted and subsequently won the category for its “The Cash Management Crunch Resolved by Auriga” white paper, which addresses cash management optimisation from two directions. On the one hand, WWS Cash Management (Auriga’s multivendor and multichannel solution) helps banks to optimise, anticipate, automate, support, control and report on the entire cash inventory and replenishment process for all entities involved in the cash management process. It defines the standard for end-to-end cash management. On the other hand, Auriga’s deep involvement in ATM pooling initiatives illustrates how ATM fleets can be rationalised to be both more efficient to run and deliver better customer service.
In response to the ATMIA “Cost of Cash” win, Auriga’s founder and CEO, Vincenzo Fiore, comments, “It is an honour to be recognised by ATMIA for our white paper. Keeping ATM networks supplied with the cash customers need has been no easy task for years and is our industry’s top priority. The challenges faced range from knotty problems about logistics to risk, from manpower to cost of cash. Banks and ATM operators, who are pivotal to how access to cash is preserved, must therefore ensure their operating strategies prioritise efficient, nimble, highly scalable, and continuously available service channels, both physically and digitally. Otherwise, it will leave consumers feeling excluded from banking services, which will ultimately reduce the quality of customer service.”