In this series of blog posts, we’ll go into details the changing patterns of cash usage before, during and after the CoViD pandemic in Turkey. In our first article, we are providing a general overview of what happened as a big picture together with our deductions. We’re not citing any specific bank, location, or amount,...
Predictive maintenance of ATMs is a crucial aspect of cash management for banks and ATM operators, as it is among the most important factors that contribute to ATM downtime. As the ATMs that are most frequently used are most likely to degrade and eventually malfunction, potentially leading to customer dissatisfaction, predictive maintenance is an important...
In our previous blogs, we detailed and compared the effects of CoViD-19 measures in Turkey for the months of March, April and May 2020. We took the values of February as the base (100%) and except for the small seasonality differences, compared February to March, April and May to observe how the curfews and other...
What CIT Routing Optimization is The cost of cash operations for banks can be divided into two categories: 1. Cost of idle cash which stays in ATM and branch vaults 2. Cost of cash transfers from cash centers to ATM and branches. This operation is termed Cash-In-Transit (CIT) in financial terminology. Hence, the both numbers...
Cash Management Optimization In today’s world, a lot of operational problems are solved by new technologies such as Machine Learning. In the ATM world, one of the main problems is, “How to transform the idle cash into active cash and decrease cost of maintaining cash” in an automatic way that is now solved via Machine...
Idle Cash Optimization is one of the most crucial daily operations in the banking industry. When conducted using modern statistical methods and machine learning algorithms, there is potential for huge savings through decreasing idle cash on closing balances and cost of cash-in-transit (CIT) operations. Idle cash is the cash that has not been invested in...
In our last blog (https://arutesolutions.com/the-effects-of-covid-19-pandemic-on-atm-usage-patterns-in-turkey-april-2020/), we detailed the effects of CoViD-19 measures in Turkey for the months of March and April 2020. We took the values of February as the base (100%) and except for the small seasonalities, compared February to March and April to see how the curfews and other measures (such as most...
In our last blog (https://arutesolutions.com/the-effects-of-covid-19-pandemic-on-atm-usage-patterns-in-turkey-march-2020/), we touched upon the effects of CoViD-19 measures in Turkey for the month of March. We compared withdrawals and deposits throughout the weeks in February and March to see how the CoViD-19 measures reflected for individual ATM types. In this post, we’ll examine how the overall patterns manifested for the...
The CoViD-19 Pandemic has affected all countries and all citizens of the world as of March 2020. In many countries, social distancing rules were immediately put on measure and many avoided total lockdowns, but minimized social attractions, gatherings and the operations of the workforce. Turkey is a state which has taken similar measures over the...
Test Driven Development (TDD) is a software development methodology where to deliver a functionality, it is required to write test cases first, then produce the code that can pass those test cases. This method ensures from the very beginning that every single line of code has a corresponding set of unit tests guaranteeing the functionality...
