GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Banking and Investments

 
  Share
Installation of Automated Teller Services in the branch is one step forward in digitalization of cash transactions and making the customer experience completely paperless.
 
9 July 2019 - Dubai, UAE
 
Ajman Bank has announced the launch of its latest branch in Dalma Mall that boasts state-of-the-art design and cutting-edge digital banking and payment solutions. With it comes the installation of the first compact cash Automated Teller System (ATS). The solution, provided by the Innovation and technology service provider CNS Middle East (Computer Network systems) will increase the flexibility of bank processes by efficiently simplifying and accelerating cash transactions, thus giving staff more time to focus on customer care.
 
Mr. Mohamed Amiri, Chief Executive Officer, Ajman Bank, said, “We are delighted to continue our expansion in strategic locations across the UAE. The opening of the Dalma Mall branch is in line with our growth strategy and will allow us to serve more customers while offering them greater convenience. With this opening, we are also pleased to announce the launch of the compact cash ATS which is part of our branch digitization initiatives. Technology is reshaping and empowering the banking and financial sector and we have embarked on an exciting journey to place Ajman Bank at the forefront of this digitization journey. Our efforts are focused towards making the customer's in-branch experience, quick, efficient and paperless. These machines will enhance the productivity and quality of operations thus unlocking greater business potential.”
 
Compact cash ATS is an innovative banknote storage concept that makes it possible for banks and retailers to interchange the same cassette between certain cash dispensers. The machine can accept cash, recognize different banknotes, check for forgery and deposit the cash in a safe. 
 
Emphasizing on the various benefits of the solution, Mr. Kashif Amin Thakkur, Head of Consumer Banking, Ajman Bank, said, stressed, “Cash ATS systems ultimately reduce the amount of cash held within the units, minimizing the time and maintenance required to replenish or remove the banknote supply; they can be partially emptied or refilled while the bank is open. This solution also increases the flexibility of bank processes by efficiently simplifying and accelerating cash transactions, thus giving staff more time to advise and personally interact with their customers. Since all cash operations are controlled by the bank's application, including refill and take out, the actual cash situation is always tallying with the books; therefore, no daily cash reconciliation is necessary.”
 
Hatem Hariri, Managing Director of CNS, the solutions provider contracted with the delivery of the disruptive new system said, “We appreciate the confidence and trust that Ajman Bank has given us to show how our technology can improve business, and in this case banking efficiencies. We are eager to assist with the development of all banking systems and work with our banking customers on their digital transformation strategy, banking innovative solution, and Omni channels experience that is in line with Ajman bank and all other banks visions in the UAE and middle east market.”  
 
The mechanism allows the cash deposited by a particular customer to be dispensed again to another ATS. This means that the ATS does not have to be replenished as often as a standard safe. Both deposit and dispensing functions can only be executed through the bank's branch application.



Posted by : GoDubai Editorial Team
Viewed 5551 times
Posted on : Tuesday, July 9, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Union Coop Releases ‘First' Update of Its Electronic Share Trading Platform
Next Story : Dr. P.A. Ibrahim Haji, Co Chairman Malabar Group and Chairman PACE Group has been given the 10 year ...
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Autumn/Winter 19: Step out in the latest styles with City Centre Deira and City ...
Restoration by Parmigiani Fleurier -The Yusupov Egg
Sandro Launches Evening Capsule Collection
A new model for the ladies enriches the Corum AC-One collection with luscious fe...
Enjoy Smoother Skin with the current obsession from PMD - The Personal Microderm...
His Highness Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum Challenges the Cit...
Energize & Refresh Your Skin With the Foreo Luna 2 for Men
Saif bin Zayed unveils first floating Smart Police Station
Save the Children Jordan launches TREE program “Transforming Refugee Education t...
Cambridge Assessment English witnesses a huge demand for OET (Occupational Engli...
GITEX hosts global AI expert, international CEOs and honours retail, smart city ...
Aquaplex with an eye on the future expansion of Specification sales, launches ne...
From Dubai Police's floating police station to Etisalat's Lazareth Flying Motorc...
du, Nokia & SRTIP Sign a Strategic teaming Agreement to Bring Sharjah's Knowledg...
Hazzaa AlMansoori's return to the UAE is scheduled for Saturday 12th October
Hazzaa AlMansoori reveals post flight details in a press conference
Dubai's LIFEPharma signs historic agreement with Apotex Inc., the largest produc...
One stop shop for classifieds and deals in UAE- QUOODO.com
Al Tayer Battles on in China After Aquabike Setback
The Coffee Club in Al Bateen, Abu Dhabi re-opens with a refreshed new look
More than 1,900 beneficiaries at Al Mizhar and Umm Al Sheif Islamic Cultural cen...
6 Ways To Wear The Houndstooth Print
Marks & Spencer Launches Its New Sleepwear Collection for AW19
Hamdan bin Mohammed calls on the city to be ‘In It Together' for the Dubai Fitne...
Choithrams Customer lends her voice to World Food Day in support of The United N...
The new urban warrior unleashed - Corum injects modernity and athleticism into ...
Heritage village at Global Village offers a glimpse into Emirati traditions
Expo Centre Sharjah announces winner of 1KG gold
OMEGA's new Museum
US-China Trade War Weighs Heavily on Air Cargo
Dubai-Based NRI business leader donates INR 10m to his Alma Mater to setup Innov...
Union Coop Hosts Almarai's Gifting Ceremony For the Second Time
Medusa Lock Icon
KOBEYa - The First Japanese and Far Eastern Gluten Free Café opens in the UAE
This visually-impaired Emirati knows no impossible
Dubai Customs inks partnership agreement with Hawkamah Institute for Corporate G...
DAFZA contributes 12% to Dubai's foreign trade in first half of 2019
IFS lays out blueprint for new era of intelligent and autonomous enterprise solutions
The My Perfumes Group receives the Golden Visa
Malabar Gold & Diamonds inaugurates its relocated outlet in Hamdan Street, Abu D...
Mazoon Dairy inaugurates the first biogas plant in the region
Al Majid Motors Co. announces 15-day sale with generous discounts on latest Kia ...
Abu Dhabi Airports signs historic Memorandum of Understanding with Beijing Daxin...
Worldsteel Short Range Outlook October 2019
Dubai Shopping Malls Group Announces “shop & Win Gold” Promotion for Diwali 2019
Alno launches new products in UAE in strategic partnership with Diemme kitchen
Dubai Refreshment Company Wins First Prizeat the Dubai Green Industrial Award 2019
Revving The Engines At Rallylegend 2019 With Eberhard & Co.
Middle East Retail Forum (MRF) 2019 focused on RetailNEXT
Middlesex University Dubai Leads The Way Being The 1st University In The UAE To ...