NBB first to deploy bulk cash deposit machines

MANAMA: New, state-of-the-art, high-speed large cash deposit machines (CDM) are being deployed by National Bank of Bahrain (NBB) as part of an enhanced service and value proposition for business clients.

This comes in line with the bank’s expansion of transaction banking by digitalising its clients’ cash management and improving their accessibility to other bank services.

Corporate clients are deploying NBB CDMs in their head offices and retail outlets.

Accessed by biometric scan, clients can deposit cash up to 20,000 notes at a time.

Cash is instantly credited to the clients account with no need to visit NBB branches.

It is collected from the clients’ premises by Secure Services.

Retail customers can also deposit large amounts of cash taking advantage of the 24/7 easy deposit functionality by using their NBB debit cards.

Commenting, NBB head of SME and commercial Arif Janahi said, “We’re delighted to roll out further digital service innovations that enable our valued clients to better manage their banking and cash transactions.

“We’re investing significantly in ensuring NBB’s platforms and services are world-class and that our clients are gaining maximum value through their partnership with NBB.”

Ali Abdulkarim, head of coverage, corporate and institutional investment banking, said, “We will be rolling out additional machines that help us in our mission to get closer to those we serve and to enhance their banking experience and our value proposition.”

Source: http://www.gdnonline.com/Details/585731


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