The Global Financial Sector Is Transforming Due to COVID-19: Infiniti Decodes the Impact on ATM Managed Services and Retail Banks

Impact of COVID-19 on retail banking and ATM managed service providers.

LONDON--(BUSINESS WIRE)--Sep 16, 2020--

Infiniti Research is the world's leading independent provider of strategic market intelligence solutions. Our market intelligence services are designed to connect your organization’s goals with global opportunities. In a market that is highly regulated like the financial services industry, it is essential to understand target markets and customers, along with being compliant with regulations and effectively mitigating risks. With over 15 years of experience in working with capital markets and retail, commercials, and investment banks, we have channeled our expertise into developing specific solutions to help our clients stay relevant, competitive, and compliant. Request a FREE proposal.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200916005076/en/

Impact of COVID-19 on retail banking and ATM managed service providers. (Graphic: Business Wire)

The global financial sector is continually evolving its business outlook and strategies to cope with regulatory and competitive pressures, stressed interest rates, and dynamic customer expectations. The COVID-19 pandemic poses more significant challenges to companies in ATM managed service and retail banking markets as they strive to manage daily operations while ensuring services are not disrupted. Amidst these changing market conditions, retail banks are encouraging customers to leverage online banking facilities or rely on ATM centers for basic transactions. As a result, ATM service providers need to upscale existing technology to prevent fraudulent practices and ensure seamless transactions to their customers. In their recent article on the impact of COVID-19 on ATM managed services and retail banking companies, experts at Infiniti Research, some key challenges including:

  • Decline in cash flow and credit
  • Increasing focus to reduce in-person meeting and physical interactions
  • Difficulty in ATM service operations

During this time of upheaval, it is essential to have the right guidance and market information to plan your next course of action. Get in touch with an industry expert for unprecedented market insights.

The COVID-19 pandemic and social distancing norms are reducing the dependency of customers on bank branches. To adapt to the new normal, some banking companies are deploying new self-service technology in ATMs with software updates for higher availability, low failure, and reduced service calls. Consequently, they can easily manage higher transactions and high-volume cash deposits at the ATM, increasing their ability to promote social distancing and safer transactions. Infiniti’s industry experts now offer unprecedented insights into the changing trends, and new opportunities in the ATM managed services market as a FREE download. The resource also comprises a comprehensive analysis by market experts to understand the ATM managed services market in countries including the US, Canada, UK, India, and the Philippines.

Struggling to stay relevant amidst the fast transformations in the banking industry? Get in touch with an industry expert to know how our market intelligence solutions can help.

About Infiniti Research

Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges. Infiniti Research studies markets in more than 100 countries to help analyze competitive activity, see beyond market disruptions, and develop intelligent business strategies. To know more, visit: https://www.infinitiresearch.com/about-us

View source version on businesswire.com:https://www.businesswire.com/news/home/20200916005076/en/

CONTACT: Infiniti Research

Anirban Choudhury

Marketing Manager

US: +1 844 778 0600

UK: +44 203 893 3400

https://www.infinitiresearch.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: PROFESSIONAL SERVICES RETAIL HEALTH INFECTIOUS DISEASES OTHER RETAIL BANKING

SOURCE: Infiniti Research

Copyright Business Wire 2020.

PUB: 09/16/2020 11:01 AM/DISC: 09/16/2020 11:01 AM

http://www.businesswire.com/news/home/20200916005076/en

Copyright Business Wire 2020.

Recommended for you

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Thank you for reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.