19 October 2017
visit www.response.ncr.com

NCR packs the branch into kiosks/tablets

02 June 2014  |  2254 views  |  0 Source: NCR

NCR Corporation (NCR), the global leader in consumer transaction technologies, today introduced new, next-generation technology to help banks and credit unions transform their retail banking experience.

NCR Interactive Banker unlocks a modern branch experience by eliminating velvet ropes, teller counters and vaults in smaller, more personal branches to better connect with customers.

Interactive Banker includes two components. The first is an advanced financial services kiosk with a sleek, modern design that alone can complete as much as 90 percent of typical branch transactions. The second component is sophisticated branch software installed on tablet PCs, freeing employees to roam the branch and assist customers as they conduct transactions on the kiosks.

The combination of kiosk-based self-service and technology-empowered branch employees fundamentally changes the person-to-person experience within a branch. Instead of isolating employees behind a teller counter, financial institutions can move their associates into the open to directly interact with consumers, similar to consumer experiences while shopping, checking in to the airport or going to the doctor. Interactive Banker gives financial institutions the flexibility and freedom to redefine their retail banking network strategies. For example, by using Interactive Banker, banks and credit unions can eliminate teller counters, bank vaults and other back-office functions that take up to 70 percent of a branch's floor space. NCR estimates that Interactive Banker can help a financial institution increase its annual operating profit by up to $300 per square foot.1 The more efficient branch design allows financial institutions to create either an open, airy, and consumer-friendly floor layout or establish a presence in a smaller-footprint location convenient to where their customers work, live and play.

"Interactive Banker uses technology to make the interaction between people more meaningful," said Jed Taylor, vice president and general manager, NCR Interactive Services. "By bringing tellers and all of their equipment out from behind the counter to interact with customers in an open environment, we incorporate technology while retaining that human touch. Consumers' experience at the bank branch is about to change more dramatically than it has in more than a generation."

While teller transactions have decreased by 31 percent in the past 10 years2, branches remain essential to financial institutions, as approximately 70 percent of all new product sales occur in the branch and 90 percent of current accounts were opened in the branch.3 NCR Interactive Services such as Interactive Banker and Interactive Teller bring technology with a human touch to banking, helping financial institutions improve the customer experience and increase sales. One NCR customer saw annual sales increase by 76 percent through a strategy of expanded hours, enhanced staffing models, and channel synchronization delivered through Interactive Teller.

Interactive Banker is now in key markets globally including North America, Western Europe and South Asia.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related company information

NCR

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15768 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8930 views comments | 16 tweets | 22 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8017 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7121 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6272 views comments | 6 tweets | 3 linkedin

Featured job

Find your next job