National Bank of Bahrain (NBB) has launched biometrically-accessible high-speed large cash deposit machines (CDM) in the country.
The roll-out of new CDMs is a part of the bank’s strategy to bolster its transaction banking offerings and digitalisation of cash management.
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NBB corporate clients will deploy these machines in their head offices and retail outlets. Customers can deposit up to 20,000 notes at a time at these bulk CDMs.
The retail customers can also use the service to deposit large amounts of cash using their NBB debit cards.
The amount deposited will be instantly credited to the client’s account. NBB said in a statement that the cash deposited in the machines at client premises will be collected by Secure Services.
It is already been installed in several business clients’ premises.
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By GlobalDataNBB head of SME and commercial banking Arif Janahi said: “In line with the Kingdom of Bahrain vision and NBB’s focus on supporting the development of its SMEs, 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.”
In April this year, NBB partnered with Indian IT firm Tata Consultancy Services (TCS) to drive its digital transformation.
The bank will deploy TCS BaNCS for Core Banking solution, which will also help to diversify its business.
