24 January 2018
visit http://response.ncr.com

Two million ATMs to run multi-vendor application software by 2020 - RBR

31 May 2016  |  4211 views  |  0 Source: RBR

RBR’s new study ATM Software 2016 reveals that ATM deployers’ multivendor* software projects comprised nearly 1.2 million machines by the end of 2015. This represented 40% of the world’s 2.9 million “bank-grade” ATMs.

The largest country market in absolute terms is China; Brazil ranks second, reflecting the major banks’ long-established culture of in-house software development. At a regional level, penetration of multivendor solutions is highest in the mature, concentrated banking markets of western Europe

RBR Principal Tom Hutchings comments: “A single solution is crucial in rolling out new ATM technologies, like contactless transactions including Apple Pay and Android Pay”. Future growth will be broad based: by 2020, multivendor software will run on over 40% of ATMs in every region except the Middle East and Africa.

NCR and Wincor Nixdorf are leading ATM software suppliers

Providers of ATM software include both manufacturers and independent companies. Banks typically procure complete solutions that combine the transaction application with a middleware platform enabling it to operate on different manufacturers’ terminals. Some financial institutions – as well as third-party software companies – source only the platform, and build their own application on top of it.

NCR of the USA is the largest provider of application software overall and for multivendor solutions, the latter thanks in particular to a strong presence in China. Germany’s Wincor Nixdorf and its would-be acquirer, US firm Diebold, have the second and third largest shares – and a combined presence equal to that of NCR. At the platform level, the largest independent software provider is the UK’s KAL.

Banks demand integration with omnichannel and branch transformation initiatives

Omnichannel initiatives see the ATM linked with mobile banking and CRM systems, while branch transformation projects demand extended functionality and integration capabilities. Tom Hutchings notes: “The rapid evolution of banks’ requirements creates opportunities for existing ATM software vendors and new market entrants alike”.

* A multivendor ATM software deployment is one in which some or all machines are supplied by someone other than the software provider
 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.ebaday.comvisit www.vasco.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9769 views comments | 38 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9475 views comments | 14 tweets | 14 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8512 views comments | 17 tweets | 11 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
7030 views comments | 13 tweets | 25 linkedin
Could distributed ledgers restore the reputation of the MBS market?Could distributed ledgers restore the repu...
7007 views comments | 6 tweets | 9 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job