How they describe themselves: CR2 is the innovative provider of self-service banking solutions, providing robust and highly flexible ATM, Internet, and Mobile channels.
CR2 helps banks meet their business challenges by reducing operational costs, generating new revenue, and improving customer satisfaction through best-in-class technology.
CR2’s BankWorld lets banks actively manage all electronic channels from a single omnichannel platform. BankWorld enables banks to design and deliver a personalised offering to the right customer at the right time and right channel.
How they describe their product/innovation: CR2 is demonstrating the BankWorld Cash Send application at Finovate, Cash Send is a truly omnichannel product recently deployed. It allows people to instantly send cash to any individual from a mobile app; this cash is instantly dispensed from an ATM without the recipient needing an ATM card or indeed a bank account of any type. It significantly lowers the cost of remitting funds to any individuals outside of the classic banking system.
Product distribution strategy: Direct to Business (B2B), licensed