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Integrated Currency Manager from Fiserv is a web-based cash supply
chain management and optimization tool that automates cash forecasts
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Flexibility of solution and Fiserv local expertise key to selection
process
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Bank will be able to minimize the amount of idle cash in its network,
reduce the cost of providing cash to its customers and increase the
value of cash it can invest
BROOKFIELD, Wis.--(BUSINESS WIRE)--
Fiserv,
Inc. (NASDAQ: FISV), a leading global provider of financial services
technology solutions, along with its local implementation partner,
Mellon Ukraine, announced today that UniCredit Bank (PJSC
"Ukrsotsbank"), based in the Ukraine and a member of UniCredit Group
with financial networks covering 22 countries in Europe and 27
additional countries worldwide, has selected Integrated Currency
Manager™ to optimize the bank's cash reserve levels and maximize
transportation capacity.
"We selected Fiserv because it was able to deliver a solution that met
our unique requirements," said Valeriy Lapin, Professional, Self-Service
Management, UniCredit Bank. "We have already put quite a lot of effort
into successfully reducing our total ATM cash-related costs, and once we
have fully implemented Integrated Currency Manager, we expect that we
will be able to achieve even better results in cost optimization, while
at the same time ensuring maximum cash availability for the customers.
We also expect the advanced management information will help further
improve performance and reduce costs."
Integrated Currency Manager from Fiserv is a web-based cash supply chain
management and optimization tool that automates precise cash forecasts
for multiple cash points, including ATMs, branches, vendors and vaults.
It combines complex forecasting functionality with historical trends to
reduce currency outages and expensive emergency deliveries to restock
empty ATMs. It also optimizes transportation schedules. Through accurate
forecasting, the solution eliminates excess currency inventories,
increases the availability of capital for investment and ensures cash
points are stocked.
"In a country with high interest rates, idle cash, outages or overages
can be very costly," said David McLaren, business development director,
EMEA, Cash & Logistics, Fiserv. "Fiserv consultants understood the
existing processes that were important to UniCredit along with local
operational requirements, and created a solution that allowed these to
be managed more effectively and efficiently. Integral to the success of
this engagement was the flexibility of Integrated Currency Manager and
working with UniCredit to create a solution that truly fit the bank's
needs."
"The implementation of Integrated Currency Manager for PJSC
‘Ukrsotsbank', a member of the well-established international UniCredit
Group, marks another milestone of our partnership with Fiserv and our
commitment to help our customers achieve greater operational
efficiencies, profitability and cost savings," said Panagiotis Vlachos,
General Manager, Mellon Ukraine.
This engagement expands on the expertise that Fiserv has in the region.
Last year, Fiservannounced
that it was working with First
Ukrainian International Bank (FUIB) to help address and manage cash
reserve requirements across its network.
Additional Resources:
About UniCredit Bank (PJSC "Ukrsotsbank")
PJSC "Ukrsotsbank" is a member of the European UniCredit Group. The Bank
was established in September, 1990 and its network consists of 378
branches and 5 macro regions. It has 7.500 employees. With assets of
€969,152 million, UniCredit Group is one of Europe's leading financial
establishments. UniCredit Group is in 50 markets and 22 European
countries and consists of more than 9,578 branches with more than 162
000 employees.
PJSC "Ukrsotsbank" began operating on the Ukrainian market under the
"UniCredit Bank" trade mark on September 1, 2011, while retaining the
PJSC "Ukrsotsbank" legal name. www.unicredit.com.ua
About Mellon Ukraine
Mellon Ukraine is a member of Mellon Group of Companies and was founded
in 2007 in Kiev. The company provides payments solutions and outsourced
services that facilitate the transactions and interactions of
organizations with strong consumer business, such as retail banks,
public utilities, telecommunications providers, the automotive industry
and other private companies. For more information please visit Mellon's
site: www.mellongroup.com
About Fiserv
Fiserv, Inc. (NASDAQ: FISV) is a leading global technology provider
serving the financial services industry, driving innovation in payments,
processing services, risk and compliance, customer and channel
management, and business insights and optimization. For more
information, visit www.fiserv.com.
FISV-G
Media Relations:
Julie Nixon
Senior Public Relations
Manager
Fiserv, Inc.
+1 678-375-3744
julie.nixon@fiserv.com
or
Additional
Contact:
Wade Coleman
Director, Public Relations
Fiserv,
Inc.
+1 678-375-1210
wade.coleman@fiserv.com
Source: Fiserv, Inc.
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