Ulugbek Tavakkalov: "Businesses need to be able to turn over cash quickly and get money into accounts instantly"

Published: 22 October 2021 y., Friday

On October 15 the Eurasian Forum "Cash Circulation. Technologies - 2021" was held in Tashkent. The event brought together representatives of the regional banking industry and international experts. The trend towards automation and optimization of cash flows was the main topic of discussion at the forum.

"It's a great way to reduce and simplify the work of cashiers, cashier-controllers and all the people who deal with cash circulation. We are seeing today that ATMs are becoming smart - it's not just handing out cash. We see that in order to reduce collection costs, it's important to learn how to work with recyclers. We see that programs that service ATMs, such as Cash Management.iQ, help reduce collection costs. We see that businesses need to quickly deposit cash and instantly get money to the account," said Ulugbek Tavakkalov, Deputy Chairman of the Board of Tenge Bank.

BS/2 representatives delivered two presentations at the forum. Kirill Ovsiannikov, Deputy General Director for Strategic Development of BS/2, spoke on "Technology Development in the Cash Circulation Field. Experience of TBC Bank and other banks."

Anton Valinčius, Director of BS/2 Uzbekistan, talked about the automation of cash processing and how to simplify the work of cashiers at the bank branch level.

We suggest you watch a short video about the forum and listen to what other participants of the event had to say.

Šaltinis: BS2.lt
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment

     

 


Captcha
 

The Penki Kontinentai Group Recognizes Liberty Bank as a Leader in Digital Innovation in the EMEA Region

JSC “Liberty Bank” has been awarded a prestigious honor by The Penki Kontinentai Group for its leadership in banking innovation more »

"Penki Kontinentai Group" opened an office in Spain

On 24 May 2024 in Alicante was registered the company PENKI KONTINENTAI ESPANA. more »

Strategic session of the "Penki kontinentai" group of companies: exchange of experience and plans for further development

Penki Kontinentai Group employees attended the annual strategy session held in Vilnius from January 22nd to 26th, 2024. more »

ASHBURN International and Rietumu Bank will collaborate to improve acquiring services in the Baltics and EU

This collaboration represents a significant advance in payment services in the European Union. more »

BS/2 has received awards from Diebold Nixdorf for outstanding collaboration results

The BS/2 delegation attended the annual Banking Partner Summit organized by Diebold Nixdorf in Indonesia. more »

BS/2 Makes a Ukrainian Girl's Dream Come True

For the first time, the Lithuanian national cheerleading team achieved podium placements at the European Cheerleading Championship. more »

Ashburn International Readies to Launch Two New Products on The Polish Payments Market

As a result of attending the XI Cashless Congress in Warsaw, several agreements were reached with Polish cashless payment operators concerning ASHBURN International's products. more »

BS/2 and Modern Expo plan to increase the supply the innovative retail equipment to the Baltic States

Together with BS/2, the Ukrainian supplier plans to expand its presence in the Baltic. more »

Penki kontinentai group participates in DUOday for the third year

The Penki kontinentai group of companies has joined the initiative of the social employment agency SOPA DUOday" for the third year in a row. more »

BS/2 representatives took part in the Lithuanian-Azerbaijani business forum

On May 22, a Lithuanian-Azerbaijani business forum was held in Vilnius. more »