GRGBanking Won the Bid for the “Modular-based” STM Project of the Bank of Communications

As banking services have started integrating with technologies, intellectualization and convenience have become the major trends for branch transformation. Traditional banks began to embrace Fintech and explore innovative banking service journeys to enhance customer satisfaction. In 2022, BoComm and GRGBanking collaborated to develop the “modular-based” STM solution and support various banking transactions for branch transformation.

The “modular-based” STM solution is a comprehensive service platform composed of “General+ 4 functional” modules: the general operational module, cash processing module, credit/debit card and U-Key issuing module, bill processing module, and printing module. The modules support free combination and splitting between each other. Moreover, the STM solution has adopted functional modules for identity authentication and biometric recognition, which can migrate cash and cashless transactions from the counters to deliver multiple counter services, self-services, and humanized consultation for branch efficiency and customer satisfaction.

Compared to the traditional self-service terminals, the “modular-based” STM solution has an advantage in various aspects.
1. It can be split and recombined to comply with the branch’s demand for different businesses, such as retail banking and corporate banking.
2. The modules can be quickly changed or renewed separately, ensuring that other functional modules are still in use when one is being repaired.
3. The fashionable appearance can greatly enhance the banking brand and give users a pleasant experience.

As a leading innovative solutions provider, GRGBanking has cooperated with major banks in China to develop branch transformation and digitalization solutions in building an innovative and convenient banking ecosystem for customers. So far, GRGBanking has provided innovative and tailored solutions for financial institutions and banks in more than 110 countries and regions, and its global business maintains vigorous growth. In the future, the company will participate in more oversea business to create greater value for its global customers.

About GRGBanking

• GRGBanking is a well-known provider in the intelligent finance industry, and aims to become a leading innovative solutions provider in the world with its innovative technologies and solutions. Leveraging in-depth knowledge of innovative technology and applicable scenarios, GRGBanking builds solutions with high value, short deployment times and cost efficiency for its customers.

• GRGBanking was founded in Guangzhou, China in 1999, and was listed in the Shenzhen Stock Exchange market in 2007. Since 2008, GRGBanking has been the No.1 ATM supplier in China, and now GRGBanking is within the Top 3 vendors in the financial self-service industry worldwide with more than 330,000 terminals deployed in over 110 countries.

• GRGBanking provides an abundant series of hardware and software products and solutions including ATMs, cash recyclers, cash depositors, cash sorters, retail solutions, and branch transformation solutions. Facing a new wave of technological revolution, GRGBanking continues to focus on the Intelligent Finance business, while rapidly expanding the artificial intelligence industry, building intelligent applications and scenarios for customers in various fields, and committing to becoming a leading innovative solutions provider, so, as to make innovation for a better life.