22 October 2017
visit www.avoka.com

NCR partners Transoft to deliver UBS currency management solution

28 May 2003  |  3913 views  |  0 NCR partners Transoft to deliver UBS currency management solution

NCR is teaming up with US-based retail banking software vendor Transoft International to deliver a complete currency management solution to Swiss bank UBS.

UBS says the solution is being introduced to make cost savings in the way it supplies cash to its ATMs and branches in Switzerland. The bank is looking to reduce cash holdings by 25%.

The solution will be based on Transoft's OptiCash and OptiNet products. NCR has overall responsibility for the project and will work with Transoft to implement and maintain the software.

UBS will use the OptiCash software, which applies mathematical algorithms to historical, event and cost information, to optimise the level of cash held at its 1300 branch and ATM outlets in Switzerland.

Paul Thuer of NCR's financial solutions division, Switzerland, says ATMs must continue to represent the highest levels of customer convenience and a unit with too much cash costs banks unnecessarily.

"Managing cash effectively will ensure UBS's costs are kept to a minimum and also, more importantly, the service provided through UBS's ATMs can be relied on by their customers," says Thuer.

The bank has begun implementation of the solution and a pilot involving 150 cash outlets is scheduled to begin in October 2003.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

NCR wins ATM deals with Chinese banks

NCR wins ATM deals with Chinese banks

22 May 2003  |  5233 views  |  0 comments
NCR signs three to ImageMark platform

NCR signs three to ImageMark platform

09 May 2003  |  3131 views  |  0 comments
NCR wins State Bank of India deal

NCR wins State Bank of India deal

29 April 2003  |  3858 views  |  0 comments
Brief: NCR appoints Victor Lund to board of directors

Brief: NCR appoints Victor Lund to board of directors

25 April 2003  |  3206 views  |  0 comments
UBS sells correspondent clearing business to Fidelity

UBS sells correspondent clearing business to Fidelity

09 April 2003  |  4637 views  |  0 comments
NCR software passes EMV Level 2 test

NCR software passes EMV Level 2 test

02 April 2003  |  4207 views  |  0 comments

Related company news

 

Related company information

NCR

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.fivedegrees.nlvisit www.atos.net

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
11574 views comments | 17 tweets | 24 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
11343 views comments | 22 tweets | 27 linkedin
satelliteGates Foundation backs Ripple collaboratio...
9309 views comments | 13 tweets | 10 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
8400 views comments | 10 tweets | 22 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8350 views comments | 9 tweets | 18 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job