About the client
OTP Bank is one of the largest Ukrainian banks with completely foreign capital. It is part of a European financial group operating in 11 countries.
Implemented solution
RENOME SMART has launched the currency exchange functionality at OTP Bank’s recycling ATMs. Subsequently, the bank agreed to implement the option of non-cash sale of foreign currency. Starting from April 2022, the solution is fully available for authorized OTP Bank customers.
RS.Core
API aggregator for integration with any systems
LEARN MORETURNKEY SOLUTIONS
STAGES OF IMPLEMENTATION
01. Demonstration of the solution in a test environment.
02. Approval of requirements and signing of the agreement.
03. Development, implementation, and testing.
04. Scaling.
THE KEY ADVANTAGE OF OUR SOLUTION
Currency exchange operates on RsCore platform — a client-based RENOME SMART server solution that can work not only on ATMs, but also on kiosks, self-service cash registers, deposit machines, post offices, etc. In each case, the company delves deeply into the bank’s processes and helps configure them to deliver excellent value.
WHAT THE CLIENT GAINED
Thanks to the expansion of the bank’s currency exchange services and their availability 24/7, it reduced the load of cash units saved the time spent for clients. Moreover, the recirculation of funds in foreign currency has reduced the number of collections and their costs.
Features
Discover more features with the RsCore platform
VARIABILITY
The currency exchange function can be configured for various operations. Sale of foreign currency with instant crediting to own accounts. In cash – depositing, exchanging, and receiving the cash. Partially non-cash – purchase of currency in Hryvnia equivalent from own accounts to receive it in cash. If there is change, the device will offer the client options for its direction.
CONVENIENCE
The solution can work with various databases, including free ones(e.g. PostgreSQL), has a clear and simple interface, accessible from any device. Thanks to its high speed, all operations are performed in real time, and each of the parties receives notifications. Also, the bank can independently and instantly respond to market changes, such as exchange rate fluctuations.
SAAS SOLUTIONS
As a technology partner, RENOME SMART can offer a ready-to-use product. The client will not need to provide additional investments for the purchase, installation and administration of the corresponding capacities.
Value
By ensuring the availability of currency exchange services in ATM for people, financial institutions increase profits from foreign currency purchase and sale operations, which, according to the NBU, increased sixfold as of August 2022. In addition, the solution allows automating the processes and reduce the associated costs of operating activities and collection.
3 STEPS TO LAUNCH
01. Making a presentation
At a time convenient for you.
02. Launching the pilot
We sign the necessary documents.
03. Deploy the system
For the entire network.
COMMUNICATION WITH THE MANAGER