Banking and cash services are being transformed by the digital revolution such that consumers and businesses increasingly need to transact anytime and in a wide range business or social locations, enabled by digital solutions such as the virtual branch or virtual teller technology. The combined strengths of Atos and Glory Global Solutions will allow for the development of leading, integrated cash management business solutions including end-to-end IT and Business Services, with the aim of becoming the number one choice and reference for target customers in Financial Services and other markets.

The focus of the agreement will initially be European banking institutions, who will benefit from accelerated implementation of digital business models that extend digital banking points of presence to retailers whilst simultaneously optimizing physical cash management. The solutions will be delivered as a business processing service enabling institutions to concentrate on their core banking business.

“Financial Institutions will be able to accelerate the introduction of new business models and services using the latest cash management business solutions, therefore we are pleased to announce this partnership with Glory Global Solutions” Kuldip Chiheru, Strategy Head, Atos Financial Services Market.

“This exciting strategic partnership combines the strengths of two market leading organisations to deliver innovative solutions to banks and retailers as they look for new ways to service their customers.” Paul Adams, CEO, Glory Global Solutions.