Monday, 01/20/2014

Cloud services make cash logistics even more efficient.

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.