In Germany, Wincor Nixdorf’s Banking (Glossary)  operations successfully maintained the level of the previous year, which was marked by a series of large outsourcing (Glossary)  projects. One particular focus of our activities during the year under review was the automation of processes in bank branches linked with the use of self-service technology. There was also demand for services to help standardize IT infrastructures.

Business growth in Europe remained very strong. Growth in our Western European Banking operations was driven by investments for automation in the branch sector and by solutions designed to improve sales processes. There was particularly strong demand for the optimization of cash handling processes using high-end self-service technology, such as intelligent deposit (Glossary)  and combined cash recycling systems. Sales of net-centric software for the standardization of IT infrastructures also rose.

The Asia/Pacific/Africa region recorded substantial growth in Banking operations. The expansion of self-service networks and the automation of cash handling are progressing in nearly every country, with a correspondingly beneficial impact on our Product business. Demand was highest for cash deposit and cash recycling systems.

As in previous years, Wincor Nixdorf’s Banking (Glossary)  operations in the Americas continued to grow according to plan. There was increased demand for both intelligent deposit systems and ATMs as well as automated teller safes. In the United States, the “Check Clearing for the 21st Century Act” marked an important step in the trend towards branch automation. As a result, there was considerable interest in our intelligent deposit module (CCDM (Glossary)  – cash/check deposit module). We also improved our market position in the countries of Latin America and received a number of orders from major banks.