Cash Transactions Made Easy and Transparent
The use of cloud services has become part of everyday business for many financial institutions. Volksbank Rhein-Nahe-Hunsrück eG found a cloud solution in ALVARA ICC that seamlessly accompanies their cash logistics, offers a reliable, secure standard, and can be integrated into existing technical and organizational structures.
The embezzlement of 250 million euros in customer funds caused by a Ponzi scheme at the time shook the industry and required a rethink in the cash logistics sector. Additionally, the topic of "Cash-EDI" was looming over the heads of decision-makers. With these conditions in mind, Volksbank Rhein-Nahe-Hunsrück eG searched for a provider that could meet their high requirements. With the multiple certified and award-winning online platform "ALVARA ICC", Volksbank found a system that ensures fast, error-free, and secure data processing in real-time.