Financial Institution blog

In recent years, Amazon has consistently remained one of the biggest brands and companies in the world. Its business model has tremendously shifted consumers’ behaviors and expectations across all industries, including the banking and financial industry.

QDS’s CashIntegrity program is a great tool for FIs to use for growing commercial deposits among business clients. Not only does remote cash capture allow your FI to partner with clients outside your branches’ limited geographic reach, the structure of the CashIntegrity program also grants you the ability to control the prices you set for your clients and leverage the profitability of your business partners.

The evolutionary curve for automated teller technology is advancing at a rate that can often outpace the capabilities of your current machines. After your FI signs a multi-year agreement with one machine, your fleet technology might become outdated within that timeframe. Many of our clients are reconsidering their approach to ATM payment models and choosing to outsource their ATMs. Purchasing ATMs is still a viable option for many institutions, especially those with internal staff capable of integrating and up-keeping ATM channels.

POPiO is a virtual way of banking that allows your FI to serve its clients through multi-channel, primarily mobile and video, solutions. This program appeals to the modern consumer in search of on-demand service that adapts to their busy schedules. Clients can complete a broad transaction set and complete tasks like opening accounts, paying off and taking out loans, and signing documents from their homes.

FIs implement smart safe technology to grow deposits and better accommodate a larger client demographic without building physical branches. While utilizing this technology helps financial institutions capitalize on high volumes of cash deposits, most FIs obtain this technology through armored car providers. FIs that solely rely on armored car services for remote cash capture often become frustrated with the limited nature of these services.

Implementing smart safe technology in your FI is a great way to grow without costly real estate investments and to form stronger, more integrative relationships with clients who generate high-capacity cash deposits. Traditionally, armored car services have dominated the smart safe industry, however these services programs can be limiting, leaving FIs and their clientele dissatisfied.