General
Transforming access to cash services: Is shared banking the future?
November 20, 2024
Auriga, a global leader in software and technology solutions for the banking and payments industry, specializes in innovative omnichannel solutions for financial institutions. With its solutions deployed on over 74% of Italian ATMs, Auriga helps banks lower costs, protect devices from cyber threats, and enhance competitiveness. Operating in Italy, the UK, Spain, Belgium, Poland, and Mexico, Auriga is also expanding in Europe, LATAM, and APAC regions.
As banks face increasing pressure to ensure access to cash amidst a shift towards cashless transactions, regulatory measures are emerging in countries like the UK, Ireland, Hungary, and Belgium. These include requirements for ATM density and proximity, as well as frameworks for free access to cash withdrawals and deposits.
Auriga explores solutions such as shared infrastructure models like banking hubs and ATM pooling, where multiple banks transfer ownership of their ATM fleets to a third party. Another strategy involves transforming physical branches into versatile, shared spaces combining self-service, assisted services, and remote banking to better serve local communities.
To address these challenges, Auriga collaborated with ATM Marketplace to survey 4,000 financial institutions on their approaches to maintaining cash access and adopting shared banking infrastructures, highlighting the potential benefits of these innovative models.
Auriga is committed to supporting banks in adapting to these evolving challenges while meeting regulatory and consumer needs.
About The Sponsor
Auriga
Auriga is a top international software solutions company, specialized in end-to-end systems that integrate the various delivery channels used in retail and internet banking.
