Banks

As the banking sector continues to shut down branches and ATMs across Europe, cash automation solutions provide a significant opportunity for banks to partner with consumer businesses and become the agents of change of a rapidly transforming cash cycle.

Several Colombian banks experienced system outages in December, generating customer malaise and evidencing the vulnerability of digital payment infrastructures.

The crisis is forcing many businesses to reinvent themselves. It is also spurring innovation in the cash cycle, as banks, retailers and other stakeholders are designing new ways to distribute and handle cash.

Bank of Ireland and Allied Irish Bank are planning to sell over 1,000 cash machines, sparking concerns from consumers that the move will lead to hike in fees for cash withdrawals.