UAE-based Sharjah Islamic Bank (SIB) has entered into a deal with CNS Middle East and Diebold Nixdorf, a US-based technology firm, to launch new and upgraded ATMs.

The partnership agreement is expected to provide cutting edge technology application and self-service functionalities in the bank.

The deal is in line with the bank’s strategy to stay updated with the latest global digital banking technologies.

Through the partnership, SIB will slowly replace its existing ATMs with Diebold Nixdorf’s stand-alone ATMs, CCDMs and drive-through ATMs and Multi-Function Kiosks (MFKs).

The new ATMs will have a higher capacity for cash dispensing and acceptance.

It will be equipped with innovative software, smarter services, and a variety of new features.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The ATMs will feature traditional and NFC card readers and will come with an Emirates ID reading and biometrics authentication capability.

Additionally, the machines will be equipped with fourth-generation media engines for faster detection of counterfeit notes.

The ATM machines features account opening, issuing bank cards and bank statements.

SIB CEO Mohammed Abdullah was quoted by Khaleej Times as saying: “Through the ATM Revamp Project, around 70 new digital services will be introduced on these machines to provide immersive and engaging customer experience and also to reduce the footfall at the branches.”

CNS Middle East MD Hatem Hariri told the publication: “In any industry, CNS delivers its promise to future-proof a client’s business through digital innovations that meet their customers’ ever-changing needs.

“In the banking sector, especially, digitalization means more than efficiencies and revenues; it’s transforming a bank from a place customers keep their money into a trusted service provider that makes their lives easier in more ways every day.”