Third largest savings bank in Germany to use CINEO systems
Kreissparkasse Köln signs framework agreement
Over the next three years, Kreissparkasse Köln will be taking delivery of new ATMs, cash recycling systems and account statement printers from Wincor Nixdorf, and plans to install primarily devices from the new CINEO system generation. This is the subject of a framework agreement concluded between the Cologne-based Kreissparkasse Köln, Germany’s third largest savings bank, and Wincor Nixdorf, an IT solution provider to retail banks. The operation of the systems will be outsourced to Wincor Nixdorf’s subsidiary Prosystems IT, which has been responsible for decentral operation of the bank's information technology since 2004.
The installation of 80 automated teller machines, four cash recycling systems, 70 automated teller safes with recycling functionality and ten account statement printers will begin in mid 2011 and continue successively through 2013. All the systems will be integrated in Kreissparkasse Köln’s self-service network. During the selection process, Wincor Nixdorf prevailed over competitors through its holistic care and project design concept and its innovative technology. Starting in 2014, the bank plans further investments in cash systems, account statement printers and self-service terminals.
ATMs from the CINEO system generation offer new options for structuring cash processes. A uniform note storage concept for all systems makes it possible, for example, to take full cash cassettes from automated teller safes, which are used primarily for deposit, and insert them in ATMs that are used primarily for cash dispensing. Time-consuming manual cash counting and cassette filling are no longer necessary. In order to make the best use of the advantages offered by the new technology, Kreissparkasse Köln and Wincor Nixdorf initiated a project to analyze the bank’s cash processes with the goal of determining whether cash handling at the bank can be optimized, step by step, through the introduction of this technology.