ATMIA Middle-East June Newsletter 2018
ATMIA Middle-East June Newsletter 2018
Dear Member,

In this newsletter we look at some of the latest trends in ATMs across the Middle East and how they are shaping the future of banking services.  

We are also looking forward to the upcoming webinar which will be on the 12th of July. Jim Tomaney, the Chief Operating Officer at Renovite Technologies will be sharing his insights on the necessity for the modernisation of payment switches and modern approaches to architecture and software development. It promises to be an interesting and informative session for all who participate. See below for more details. 

News Update: Middle-East sees Innovation in Banking and ATMs  

There have been some interesting developments in the banking and ATM space across the Middle East recently.

In the UAE, Emirates NBD has partnered with Diebold Nixdorf to launch the region’s first integrated digital banking kiosk.

The integrated device offers a range of banking services and products such as account opening or credit card issuing. Customers can also conduct all routine teller services such as cash deposit and withdrawal, cheque chasing, and fund transfers.

Functioning like a mini branch that is not confined to regular banking hours, the device enables customers to have a guided a self-service banking experience, which is aided by a video banker who provides onscreen instructions and step-by-step instructions. 

In Qatar, Barwa Bank has also launched a new line of ATMs, specifically designed to serve its corporate customers.

The corporate ATM service offers added features that allow organisations to conduct more efficient and secure transactions. The ATMs provide facilities such as cash deposit and withdrawal, cheque deposit services, statement printing as well as a range of payment options.

This focus on ATMs can also be seen as part of a wider tend towards a more digital approach to banking. Bahrain Islamic Bank, for example, has launched an in-house ‘innovation lab’ dedicated to exploring was technology can improve its banking services. this includes looking at initiatives such as Location Based Services, Self-Service Machines, New Generation ATMs, robotics, digital banking services, instant cheque book and card printing services.

These examples show that as digital banking is becoming more prevalent, and customers are rethinking how and when they use the bank branch, the ATM is becoming a key digital and self-service channel for banks. By continuing to take a creative and innovative approach to self-service banking, ATMs will be a key component of the banks of the future. 


Kind regards,
Andrew

Andrew Dean
Executive Director, Middle East 
ATMIA
C: +27(0)82 577.9921
P: +27(0)21 712.6604
Member benefit of the Month 
Have you added your Logo to your ATMIA Company Details?
We encourage member companies to add their logo from the company logo option in the member portal.  You will need to login to access this area – you can ask any member of the ATMIA Team to assist if you have questions.  
ATMIA's Industry Blueprint for Next Generation ATMs

ATMIA is spearheading an industry blueprint for Next Generation ATMs, developed by comparing a deployer model with a vendor model compiled from feedback during the Industry RFI process. We have asked these deployers who drew up the original RFI, plus the major global ATM vendors and suppliers, to join the consortium we are assembling to look into issues like interoperability and standards for a new ATM operating ecosystem.

See the video to find out more. 

If you are an ATM deployer/operator, whether bank or IAD, please let us know at mike@atmia.com if you wish to be part of the consortium for Next Generation ATMs. We look forward to hearing from you.

ATMIA Africa and Middle East Webinar: 12 July 2018 

Payments in the 21st century: Modernising payments processing with next generation switching platforms

Jim Tomaney, Chief Operating Officer at Renovite Technologies 
Jim will be sharing his insights on the necessity for the modernisation of payment switches, including modern approaches to architecture and software development that allow flexible and rapid adjustments to multiple workflows and transaction paths. 

New alternative channels, card types, consumer demands, transactions have led to new requirements for payment switches. Jim has witnessed the wave of change over the years across multiple parts of the world.

Jim recently served as Managing Director for Q-ATM, a provider of consulting services to the ATM, POS and cards industries that was acquired by Renovite in 2017.  Jim’s 30-year career in payments solutions includes senior roles with ACI Worldwide, Barclays Bank, Wincor Nixdorf and FIS, as well as consulting engagements with First Data, Clear2Pay and FSS Technologies.

Renovite Technologies is a California-based provider of payments solutions to banks, FIs, processors and merchants with focus and expertise in payment switching.

ATM Industry News and Items of Interest

Mastercard and Diebold Nixdorf Update the Cardless ATM

A new venture between Mastercard and Diebold Nixdorf, a global ATM provider, sits at the intersection of mobile transactions and cash.

UAE digital bank attracts 10,000 new customers per month

Liv., the lifestyle digital bank launched by Emirates NBD for millennials, has attracted 10,000 new customers every month during its first year of operations.

National Bank of Kuwait and Mastercard launch payments with selfies and fingerprint-enabled cards

The National Bank of Kuwait (NBK) and Mastercard have announced the launch of Identity Check and a pilot of a credit card with an embedded fingerprint sensor in the country to improve online and in-store shopping experiences.

Emirates NBD to buy Turkey’s Denizbank for $3.2bn

Dubai-based Emirates NBD Bank has agreed to purchase Sberbank of Russia’s 99.85% stake in Turkey-based Denizbank for around TRY14.6bn ($3.2bn).

Kuwait Finance House Joins Ripple Network

Kuwait Finance House, a global leader in Islamic Banking, has joined RippleNet to use the latter’s blockchain technology to perform cross-border fund transfer.

Send us your News, Comments, and Feedback

Andrew Dean is Executive Director for ATMIA Middle East. He's available to help you and your business navigate all things ATM.

Feel free to reach Andrew by email at andrew.dean@atmia.com or telephone +27 (0) 82 577.9921 Mobile or +27 (0) 21 712.6604 Office.
June 2018 Member of the Month:
Crane Payments Innovations
Combined as one company, CPI offers the most extensive range of premium bill and coin validators and recyclers, coin hoppers and dispensers, plus software applications. All their products and technologies offer the highest level of security and fast acceptance rates, with low maintenance and labor costs.

They have been a loyal member since 2008.

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Your Custom ROI of Remote ATM Support
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