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.
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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.
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By GlobalDataThe 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.”
