Banks will manage cash more optimally with the updated solution

Published: 10 February 2009 y., Tuesday

 

„Smart Safe“ logotipas

The company Penkių kontinentų Bankinės technologijos (BS/2), part of the Penki kontinentai group, has updated their software solution SmartSafe designed for cash management in automated teller safes of banks installed in customer service locations.

Automated teller safes with SmartSafe software installed in them differ from ordinary safes because they can identify and count accepted and paid out banknotes, check if the money is not fake etc. by themselves. Such safes are used in open-plan customer service departments in banks where employees are not protected by bulletproof glass or bars.

Until now, each cashier’s computer would be connected to an automated teller safe directly or via another computer. With the improved SmartSafe, each computer is connected to the safe via a computer network. This makes it possible to connect more computers to one safe and to make better use of the potential of the equipment.

Besides, BS/2 has created an additional module of the software solution – SmartSafe Monitoring. It allows inward and outward cash flows to be analyzed in real time, optimizing them and predicting when the safes must be replenished.

“The main advantage of the improved solution is the possibility to “employ” information from different databases such as SQL. Another advantage of SmartSafe Monitoring is the fact that the solution may be installed after a customer has already chosen and installed one or another database. Thus it may be flexibly applied depending on a customer’s needs and financial possibilities,” Žan Ratomski, the manager of the Information technologies department of the company BS/2, explained.

He is convinced that the updated solution will enable banks to optimize their activity even more, to use financial resources more efficiently as well as to acquire more competitive advantage.

According to data from the Bank of Lithuania, 1,908 customer service locations were constructed in the country’s banks in the fourth quarter of 2008. The company BS/2 has installed over 150 automated teller safes in Lithuania. The Lithuanian company has also installed this equipment and SmartSafe software in Georgia, Ukraine, Russia, India, Libya and Panama.

Šaltinis: Penki.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

Penki Kontinentai Companies Received Silver EcoVadis Status

The companies Penkių kontinentų bankinės technologijos (BS/2) and ASHBURN International, belonging to the Penki kontinentai group, received the silver EcoVadis rating for the second year in a row. more »

ATM migration to Windows 10 – the time is coming

Far future comes sooner than it seems. The banking sector will face a big challenge in 2020. Microsoft made the official announcement: Windows 7 (operating system for many ATMs) extended support will end on January 14, 2020. more »

Cash Management.iQ: a new cash flow forecast mechanism

Cash Management.iQ will incorporate an updated forecast mechanism starting 2019. more »

Prospects for the retail sector in Azerbaijan

Retail has become one of the most dynamic areas of the Azerbaijani economy for 10 years. more »

BS/2 Kazakhstan celebrates its 10th anniversary

Kazakhstan has the largest economic system in Central Asia. It is the world's largest landlocked country, and the ninth largest in the world, with an area of 2,7 mln km2 and a population of 18.3 mln people. more »

Uzbekistan's market is attractive for its dynamic

Significant changes take place in the financial economy of Uzbekistan. It became one of the most promising countries for investment. In Central Asia, it ranks first in terms of population (over 32 mln. inhabitants) and second, after Kazakhstan, in economic development. more »

New Cash Management.iQ Simulation Tool

One of the most demandable requirements for intelligent cash management is flexible system setup. more »

TransLink.iQ awarded the gold medal as Product of the Year’2018

The software solution for transaction routing and management of payment terminals network TransLink.iQ, developed by ASHBURN International, owned by the Penki kontinentai group, received the gold medal of the annual Lithuanian Product of the Year competition. more »

New product Cash-In Box.iQ for self-service cash collection of retailers

An elevated interest for retail self-encashment is one of the leading cash management trends in 2018. more »

BS/2 in TOP 10 Banking Tech Companies in Europe

The company Penkių kontinentų bankinės technologijos (BS/2), belonging to the Penki kontinentai group and specializing in software and hardware for financial organizations and retail, is listed in Top10 European banking technology companies according to the Banking CIO Outlook ranking. more »