Digitalization across the Cash Cycle
The Benefits of Intelligent Networking with Maximum Security
There’s no question that digitization has long been an integral part of cash management. Online banking is on the rise. Loans are issued digitally. Services are more readily accessible, more transparent, and often available around the clock. Customers pay by cash card, contactless via NFC technology or using a payment app. In addition, fintechs and the digital Bitcoin currency are new players on the market. The financial sector is more fast-moving and volatile than it has ever been,
and today we find ourselves in the age of the Internet of Things, in which computers and their applications interact with other objects. Nowadays, ATMs are closely networked and send out a synchronized update on their current cash level. Banknote processing systems collect the serial numbers and information on the condition of the notes during authentication and fitness testing. This means that Big Data solutions enable the entire cash cycle to be optimized, whether by reworking banknote design, or through detailed, accurate capacity planning for the utilization of personnel and machines. At the same time, remote services make it easier to maintain the systems.
Read about the benefits and challenges that smart networking brings to this high-security environment.
Banknotes can be produced more efficiently if the rate of printing faults is reduced. Single note inspection alone is not enough, but with smart analysis software, printing plants can use their data to limit the number of faults in the process...Read more