Designed to support the changing needs of bank branch networks
Glory announces the first of its new GLR series of Teller Cash Recycler (TCR) solutions, GLR-100. The new cassette-based recycling solution with self-audit capabilities advances Glory’s portfolio and enables retail financial institutions to transform their branch networks and address the changing economics of branch banking.
“Latest Fintech News: Bango Acquires Global Payments Business of NTT DOCOMO
Powered by Glory’s industry-leading banknote recognition technology, the latest generation of TCRs are designed for a connected world, being IoT and cloud services capable. The new GLR solution connects seamlessly to Glory’s secure cloud-based UBIQULARTM solutions, which deliver enhanced business intelligence, and enable remote monitoring and management of devices across the branch network.
Consumers and business alike demand banking services delivered at a physical branch, particularly small business customers. Customers want choice and convenience and the challenge to banks and credit unions is to deliver this in a cost-effective manner.
As new branch concepts evolve, the GLR solution can fit into locations where space is at a premium. This next generation recycler provides banks and credit unions with flexibility in how they continue to support their customers’ need for cash transactions, enabling the efficient delivery of essential services, via the traditional teller counter, and assisted service or drive thru.
“Latest Fintech News: PalmPay Hits 10 Million User Milestone in Nigeria
Glory is known for its cutting-edge bank note authentication and the new GLR-100 delivers this along with high-speed note counting, high-capacity storage, self-audit capability and secure cash transportation between the teller and the vault.
Chris T Reagan, President Glory Global Solutions Inc, Americas and Senior Executive Officer GLORY LTD said, “In the Americas and globally, we have achieved our leadership in the TCR market by continually evolving our offer to meet the changing needs of our customers. Glory’s new GLR further demonstrates our commitment to research and innovation. Our TCR solutions deliver advanced best-in-class functionality that enhances branch performance in response to changing consumer behavior.”
Glory has 30 years of experience in TCRs and has installed over 100,000 units worldwide. RBR, an independent research and strategic consulting firm, recently confirmed Glory’s global leadership position in the worldwide TCR market with a market share of 56 percent.
“Latest Fintech News: Groma and Needham Bank Partner to Finance Multi-Family Investments in Boston, MA
[To share your insights with us, please write to sghosh@martechseries.com]
