Vanishing ATMs Leaves People Vulnerable - Fujitsu comment

Vanishing ATMs Leaves People Vulnerable - Fujitsu comment

Ian Bradbury

CTO of Financial Services at Fujitsu UK

Views 566

Vanishing ATMs Leaves People Vulnerable - Fujitsu comment

12.02.2019 11:30 am

Even as we move towards a cashless society, ATMs still play an important role in the financial life of Brits across the country, and reduced access might have unpredictable consequences for consumers as well as a number of industries. Businesses and banks must be mindful of those who still rely on cash, and make the transition as smooth as possible.

Maintaining an ATM estate can be challenging, with cash replenishment and machine maintenance involving high recurring costs. However, there are other ways to lower these costs; investing in technology can help create power and energy savings and better install and maintenance processes. At Fujitsu, we’re looking at how we can use AI and advanced computing techniques to optimise cash management, a development which could reduce the cost of cash handling and create a more efficient ATM network.

Ultimately, this is a complex issue involving numerous important stakeholders – banks, retailers, consumers, and ATM businesses. It’s tough to get it right, and requires a considered approach which takes into account those parties’ needs now and the trends that will determine their needs in the future.

 

Latest blogs

Andrew Stevens Quadient

Comment on Competition and Markets Authority’s latest customer satisfaction in banking survey

“When the CMA launched this report six months ago, it seemed a natural fit when most customers rated a bank without any branches, First Direct, as the one they would recommend to their friend for online and mobile banking services. Barclays has now Read more »

Mark Smith Ayming

Big data is AI’s big brother

Big data is AI’s big brother. While AI is driven by machine learning, big datasets fuel the intelligence engine. Banks and insurance companies have access to huge volumes of data and are looking to harness this information to drive efficiencies in Read more »

Alan Stewart-Brown Opengear

“When ATMs Go Down” – How Banks Can Achieve Network Resilience

It is a common source of annoyance for anybody in rural communities; towns and cities around the world. You visit your local bank branch’s ATM to withdraw cash or to print out a mini statement and you are met with a message informing you that the Read more »

Todd Latham Currencycloud

Comment on BoE financial report by, Todd Latham, the CMO of Currencycloud

The recent Future of Finance report has outlined a new age of banking, stating how financial services can help bring about a multitude of changes. This new age is also designed to help bring the UK in line with the changing nature of the digital Read more »

Peter Hecht DXC Technology

How Can Insurers Attract and Retain Talent Through Digital Transformation?

Within the insurance industry, digital transformation is boosting productivity – improving the customer experience, creating efficiencies throughout organisations, and enabling actionable insights using analytics and big data. Yet so far, the focus Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel