Company News • 04.04.2018

Future strategy “Compact branch”: GLORY is supporting Postbank with innovative cash management solutions

GLORY, a global leader in cash technology solutions has been selected by Postbank to install cash automation solutions in their branches

Following a successful test phase in three pilot Postbank branches in Alsfeld, Diez and Mörfelden, a further 22 compact branches have now been successfully fitted with GLORY technology, finishing in late November. An up-to-date combined device consisting of coin and bank note recyclers that have been specially adapted to the needs of this new type of branch is going into operation. The flexible system is not just for bank employees to use, it is also a self-service solution for customers. This means Postbank compact branches can maintain sustained one-to-one contact with customers.

Supplier
Logo: GLORY Global Solutions (Germany) GmbH

GLORY Global Solutions (Germany) GmbH

Thomas-Edison-Platz 1
63263 Neu-Isenburg
Germany
Photo: Future strategy “Compact branch”:  GLORY is supporting Postbank with...
Source: GLORY

New branch idea to tackle current challenges

Digitalisation and a change in customer behaviour is constantly changing the business environment that banks operate in. Increased adoption of online and mobile banking has led to fewer branch visits but, at the same time, face-to-face contact with customers remains the most important basis for banks to create new business. Postbank is responding to these trends and investing in developing compact branches. This will help to secure its nationwide presence while incorporating the new client needs. The innovative cash management solutions from GLORY are supporting this process.

Innovative technology for improved efficiency and security

A total of 51 combined devices consisting of bank note and coin recyclers are already being used in 25 Postbank branches. They integrate a cash register system with a comprehensive bank counter solution. This solution allows all cash processing to be automated: Whether a customer is taking out or paying in cash or would like to pay for services in cash, the closed GLORY system handles all transactions with the highest level of security.

This new system will raise security standards for cash stocks in the branches because it is protected against unauthorised access from outside, even in the event of a robbery. The device also recognises suspicious banknotes and stores them separately. Day-end closing is possible at the touch of a button and cash stocks are monitored automatically. The system thus takes care of time-consuming tasks that bank employees would otherwise deal with such as manually counting cash or transfer processes with cash-in-transit companies. The time this saves employees can be invested in more important, one-to-one customer service and advice.

Profitability and securing locations

What is particularly special about this solution is that it is extremely flexible and can easily be converted from a solution operated by employees to a self-service solution for customers. Even in the customer-operated variant the "four-eye principle" required by the accident prevention regulations of the professional associations can be omitted, so that Postbank's compact branches can also be operated with only one employee.

“Modern cash-processing technologies are crucial for managing cash securely and efficiently in today's competitive market. Our solution also allows a flexible and demand-orientated personnel deployment. It enables financial institutions to implement economical solutions even in small locations, which also ensures that employees can continue to provide advice and maintain close contact with customers in future”, said Ronny Strohschnitter, Key Account Manager at GLORY.

related articles:

popular articles:

Thumbnail-Photo: The global state of autonomous stores
18.12.2023   #Tech in Retail #self-checkout systems

The global state of autonomous stores

The stores are located in various retail segments such as food retail, fashion, electronics, convenience stores and fast food.

In a highly competitive global retail landscape, autonomous stores are an emerging force that addresses changing consumer behaviors, reduces operational costs, improves profitability, and powers revenue growth strategies. Advancements in autonomous ...

Thumbnail-Photo: SES-imagotag becomes VusionGroup
29.01.2024   #software applications #artificial intelligence

SES-imagotag becomes VusionGroup

A new identity highlighting the broader portfolio of innovative solutions
developed by the Group to solve the major challenges of physical commerce

SES-imagotag (Euronext: SESL, FR0010282822), the global leader in digital solutions for physical commerce, today announced that it has changed its name to VusionGroup. This new name embodies the various product lines and solutions that have enhanced ...

Thumbnail-Photo: Unified Commerce Platform in focus
24.10.2023   #omnichannel #software developement

Unified Commerce Platform in focus

Handover at REMIRA: Dirk Bingler supersedes Stephan Unser as CEO

REMIRA is setting the course for future development of the company: On November 1, Dirk Bingler (48) will become the new CEO of the supply chain and omnichannel software expert headquartered in Dortmund. The previous CEO Stephan Unser (62) moves to ...

Thumbnail-Photo: Payment as a success factor: more than just paying...
15.01.2024   #Tech in Retail #payment systems

Payment as a success factor: more than just paying

Flashback to 1994: databases and ERP systems, first commercial websites, mobile phones with colour displays, CD-ROMs, Java as a programming language ...

Thumbnail-Photo: MPREIS Transforms Operations with Zebra Workcloud Task Management™...
06.11.2023   #customer experience #software developement

MPREIS Transforms Operations with Zebra Workcloud Task Management™ Software Solution

Austrian food retailer to streamline communication in around 300 stores to improve staff engagement, inventory optimisation, and customer satisfaction

MPREIS has around 300 Austrian stores in regions across Tyrol...

Thumbnail-Photo: Ask the Bot: generative AI in retail
02.01.2024   #Tech in Retail #food retail

Ask the Bot: generative AI in retail

Revolution in retail: the era of generative AI and AI bots

They are able to analyse data, write product descriptions, answer shoppers’ questions or write codes...

Thumbnail-Photo: EuroCIS 2024 - technology special
11.12.2023   #online trading #e-commerce

EuroCIS 2024 - technology special

The latest technology solutions and trends for you and the retail sector

At EuroCIS 2022 from February 27 to 29, 2024, the Leading Trade Fair for Retail Technology, we will be looking at all the important and current topics relating to technology in retail: AI and Machine Learning, Payment, Connected Retail, Seamless Store and Smart Energy Management and many more.

Thumbnail-Photo: EuroCIS 2024: Go beyond today!
16.10.2023   #retail #Tech in Retail

EuroCIS 2024: Go beyond today!

27 to 29 February 2024 will see the Who’s Who of Europe’s retail technology sector meet in Düsseldorf

Go beyond today! EuroCIS at the end of February will once again show solutions and products for the retail of the future @Messe DüsseldorfIn late February, numerous companies will again exhibit solutions and products for retailers to shape and ...

Thumbnail-Photo: Trigo and Netto Announce Autonomous Supermarket with Real-Time Receipt...
24.01.2024   #Tech in Retail #artificial intelligence

Trigo and Netto Announce Autonomous Supermarket with Real-Time Receipt Capability.

‘Final step’ in frictionless shopping drives trust by enabling consumers to view their receipts BEFORE leaving the store
Full size 800m2 grocery supermarket powered by computer vision AI is Europe’s largest retrofitted frictionless store

Trigo, a leading provider of AI computer vision technology that transforms traditional brick-and-mortar retail outlets into digital smart stores, and discount supermarket chain Netto Marken-Discount (also known as Netto), have partnered to launch ...

Thumbnail-Photo: First of its kind accessible checkout unveild by Woolworths, creating...
03.01.2024   #Tech in Retail #cashpoints

First of its kind accessible checkout unveild by Woolworths, creating new employment opportunities

Breaking Barriers in Retail: Woolworths' New Checkout Design for Wheelchair Users

In what is believed to be a world first, Woolworths has unveiled an accessible checkout, designed specifically for team members living with a physical disability, including people who use wheelchairs and other mobility aids such as walkers.The first ...

Supplier

Captana GmbH
Captana GmbH
Bundesstraße 16
77955 Ettenheim
REMIRA Group GmbH
REMIRA Group GmbH
Phoenixplatz 2
44263 Dortmund
VusionGroup SA
VusionGroup SA
55 place Nelson Mandela
90000 Nanterre
Zebra Technologies Germany GmbH
Zebra Technologies Germany GmbH
Ernst-Dietrich-Platz 2
40882 Ratingen
Innovative Technology Ltd.
Innovative Technology Ltd.
Innovative Business Park
OL1 4EQ Oldham