NCR Software at Center of Swiss ATM Harmonization Initiative

NCR Software at Center of Swiss ATM Harmonization Initiative

Technology from NCR will help drive a new initiative to modernize and upgrade ATMs used by Swiss banks. The project, ATMfutura, is being led by Switzerland’s SIX Group, and will standardize UI and user guidance on all ATMs in the country. The pilot begins this summer and continues through the balance of the year, with the new software from NCR, based on the company’s NCR APTRA Top Client Server, made available to all Swiss ATMs in 2018.

The goal of the ATMfutura project is to bring a common standard to Swiss ATMs – replacing more than 20 different solutions currently in use – making ATMs easier to use for customers and more cost efficient for FIs to run and manage. Among the features to be added as part of the “harmonization” of Swiss ATMs are mobile cash withdrawals using QR codes, the ability to choose cash denominations, and a voice-guided interface for customers with visual impairments. Many of these features are offered by certain Swiss banks; the ATMfutura project aims to bring these features to all Swiss ATMs.

Pictured: Digital Insight Labs Product Management Co-Lead Suzan Szollar demonstrating NCR’s VR Collaboration for ATMs at FinovateSpring 2017.

“We are proud of the trust that SIX placed in us with this project,” NCR Switzerland Country Manager Paul Thuer said. “The configuration and modernization of existing components for a new, standardized ATM software platform is a complex task that requires a trusting cooperation between both parties,” Thuer explained, adding that he felt the ATMfutura project would have a positive “lighthouse effect on other countries.”

Six Payment Services Division CEO Juerg Weber called the ATM software standardization “only the first step in the ATMfutura project.” Weber sees the project eventually providing Swiss banks solutions that help them further lower costs and boost usability of their ATMs “through standardization, volume purchasing options, and optimized processes.” Weber credited NCR for having the “long term experience, flexibility, and know-how” to manage a project of ATMfutura’s scale.

Founded in 1884 and headquartered in Duluth, Georgia, NCR demonstrated Virtual Reality Collaboration for ATMs at FinovateSpring 2017. Earlier this year, NCR introduced its SelfServ 80 Series ATMs, which feature 19-inch touch display drives and a tablet-like user interface. In February, the company announced that Bottomline Technologies had integrated NCR’s intelligent transaction processing platform, Authentic, into its Direct Faster Payment Service solution.

The largest provider of multivendor ATM software in the world, NCR is traded on the New York Stock Exchange under the ticker symbol “NCR.” The company has a market capitalization of $5 billion, and includes Finovate alum, Digital Insight, among its subsidiaries. Each day, NCR’s software, hardware, and services enable nearly 700 million transactions in verticals ranging from retail and hospitality to financial services and technology. William Nuti is CEO and Chairman.

 

Finovate Alumni News

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  • defiSOLUTIONS Hires Keven Sticher as Chief Information Officer.
  • NCR at Center of Swiss ATM Harmonization Initiative

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

FinovateSpring Sneak Peek: NCR Corporation

FinovateSpring Sneak Peek: NCR Corporation

Screen Shot 2017-04-17 at 2.24.21 PM

FS2017-Logo(rev)V1A look at the companies demoing live at FinovateSpring on April 26 & 27 in San Jose. Pick up your tickets today and save your spot.

NCR Corporation, a global leader in omni-channel solutions, will demonstrate a fully immersive virtual reality ATM experience with real-time remote collaboration using an NCR SelfServ 80 Series ATM.

Features

  • Multiple people at different locations can look inside an ATM
  • Enables ATM training and servicing via a remote expert
  • Faster resolution of technical problems via real-time collaboration

Why it’s great
Real-time remote collaboration is a highly effective method of showcasing technology and developing expertise. NCR is a leader in this kind of innovative product development.

Presenters

Suzan Szollar, Senior Product Manager, NCR Corporation
LinkedIn

Shuki Licht, Chief Architect, Head of NCR Innovation Lab, NCR Corporation
LinkedIn

Finovate Alumni News

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  • Check out our latest Sneak Peeks of upcoming FinovateSpring demos from Newchip, IBM Trusteer, Divy, CallVU, Finicity, GoodData, & NCR Corporation.
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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Forecasting Fintech for 2017

Forecasting Fintech for 2017

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It takes more than just one crystal ball to discern which trends will drive fintech innovation in 2017. To this end, here’s a roundup of predictions and prognostications on what the new year will bring in everything from artificial intelligence and the blockchain to payments and banking for the underbanked.

  • Banking ‘Disappears’ and Other Fintech Predictions for ’17 – American Banker
    • Hot Take: “Whether it’s through IoT devices, fintech platforms, virtual assistants or chatbots, people will likely spend more time connecting to their money through such channels and less time directly interacting with their banks.”
  • 3 Key Fintech Predictions for 2017 – Banking.com
    • Hot Take: “As much as 80 percent of the (African) continent is unbanked and up to 90 percent of retail payments are made using cash. This opens the door for fintech players to target consumers and workers who do not have access to traditional banking. Because of this banking gap, it is likely that some countries will entirely skip one generation of payment types (e.g. cards and start building a more innovative, mobile-drive(n) payments infrastructure.”
  • 11 Fintech Trends You Need to Follow – The Finanser
    • Hot Take: “According to EY, China has now taken the lead as the #1 fintech market in the world. Organizations should be looking east for business model innovations that can drive new revenues and sources of profit. New business models, such as Ant Financial and WeBank services, will start influencing fintech in the U.S. and Europe, as they are driven by mobile money services.”
  • Top 10 Fintech Predictions for 2017 – Daily Fintech
    • Hot Take: “Bitcoin moves from its Darknet phase (illegal) to the early adopter Clearnet phase. This is when legitimate people charge in Bitcoin for legal transactions. This will start with cross border digital products. Because this brings new bitcoins into ‘circulation’ with owners who also then want to pay in bitcoin, this starts a sustainable move to mainstream use which supports the price.”
  • Five fintech trends for 2017 – bobsguide
    • Hot Take: “Innovation in artificial intelligence is set to increase in 2017. AI will provide business users with access to powerful insights before they are available to them. This will be done through the use of cognitive interfaces in complex systems, advanced analytics, and machine learning technology.”
  • Top Ten Fintech Predictions for 2017 – Crowdfund Insider
    • Hot Take: “The rebirth of trust is upon us with the advent of distributed ledger. Many issues such as fraud, verification of true ownership, clearance of multi-party transactions and chain-of-events are easily solvable. Insiders have been calling the distributed database, ‘The New Internet.'”
  • Fintech Predictions for 2017 – TechCrunch
    • Hot Take: “2016 brought rocky times for some FinTech lenders, especially in the first half of the year, but through the tumult came maturity. The complexity and challenges of running capital intensive businesses in a highly regulated industry was never more real than 2016, but the top platform weathered the storm, and most are long-term stronger for it. 2017 will continue to be the year where the top players pull away from the pack. At the beginning of 2016, there were an estimated 400+ fintech lenders in the U.S. – in 2017, I expected the supermajority of the lending to come from just 10 or so platforms.”

Fintech 2017 – The Roundtables

  • Fintech: What’s Next? – Breaking Banks
    • Brett King, Moven (F16); Chris Skinner, The Finanser; Jim Marous, The Financial Brand; Dave Birch, Consult Hyperion; Ghela Boscovich, FemTech Leaders; and Penny Crosman, American Banker
  • Fintech Predictions for 2017 – Fintech Insider
    • David M. Brear, 11FS; Chris Skinner; Jason Bates, 11FS; Simon Taylor, 11FS; David Birch; Ben Brabyn, Level3
  • Top 10 Retail Banking Trends and Predictions for 2017 – The Financial Brand
    • Last, but not least, this 90+ page report features insights from a panel of more than 100 global financial service leaders from around the world. Includes Don Bergal, Avoka (F16, FD16); Mike Carter, D3 Banking (F15); Scarlett Sieber, Shamir Karkal, Teppo Paavola, Maria Jose Jorda Garcia, BBVA (F13, FD16); Jon Ogden, MX (F16, FD16); Frank Schwab, Sberbank (F16); Sophie Guibaud, Fidor (F11, FD16); Matthew Wilcox and Deva Annamalai, Fiserv (F16); Bob Legters, FIS (F16); John Waupsh; Kasasa (as BancVue F09); Jelmer de Jong, Backbase (F16).

“F” refers to the company’s most recent Finovate conference appearance. “FD” refers to the company’s most recent presentation at our developer’s conference, FinDEVr. Find out more about our upcoming events FinovateEurope in February and FinDEVR New York in March.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

 

Finovate Alumni News

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

NCR Inks $50 Million Deal with State Bank of India

NCR Inks $50 Million Deal with State Bank of India

ncr_homepage_october2016

With FinovateAsia just over a week away (and tickets still available!), you’ll forgive us for having fintech-in-Asia on our minds. But the news that NCR has signed a deal with the largest financial institution in India to deploy more than 7,000 ATMs throughout the country over the next seven years is a great reminder of India’s role in the growth of Asian fintech.

The $50 million agreement will help State Bank of India (SBI) expand its ATM network of more than 57,000 machines in more than 4,500 locations throughout the country. In their announcement, NCR emphasized that the SelfServ 22e ATMs were “conceptualized and ‘Made in India’ specifically for the Indian market” with high transaction-volume capacity and space-saving design geared toward use in underbanked communities in rural areas. To this end, the machines minimize power use and paper waste through low-energy LED lighting and fixed receipt lengths, as well.

The ATMs also feature NCR’s proprietary anti-skimming technology. “The ATM is increasingly becoming a global target for crime,” says Navroze Dastur, managing director of NCR India. He noted that the ability to defend against card data breaches and provide real-time notifications “will help SBI protect its brand reputation and strengthen consumer loyalty.”

sbi_homepage_october2016

With 2016 revenues of $41 billion and assets of $300 billion (2015), State Bank of India is a government-owned FI, founded in 1955, and based in Mumbai, Maharajahtra. SBI has more than 18,000 branches in India, and is one of the country’s largest employers with more than 290,000 workers on staff.

Founded in 1884 and headquartered in Duluth, Georgia, NCR demonstrated its Transaction Data Manager at FinovateSpring 2016. Last month, the company introduced its cloud-based developer portal, and unveiled its new business banking app. Also in October, NCR partnered with MX to launch a new data-driven money-management platform for FIs, NCR Money Management.

Finovate Alumni News

On Finovate.com

  • Finovate Debuts: ProActive Budget
  • NCR Inks $50 Million Deal with State Bank of India

Around the web

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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

 

Finovate Alumni News

On Finovate.com

  • Financeit Recruits CFO from Capital One Canada
  • Wave Mechanics: FT Partners Report Highlights Trends Driving Rise of Insurtech

Around the web

  • Fiserv inks deal with FCTI to provide transaction processing for 8,000 ATMs in 7-Eleven convenience stores in U.S. Video of Fiserv’s recent live demo from FinovateFall is now available.
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This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.