New SIX and Diebold Nixdorf Partnership Aims to Secure Switzerland’s Cash Supply Through Innovative ATM Pooling

New SIX and Diebold Nixdorf Partnership Aims to Secure Switzerland’s Cash Supply Through Innovative ATM Pooling

(IN BRIEF) In Switzerland, as the number of bank branches, post offices, and ATMs has significantly decreased in recent years. The collaboration aims to develop new, efficient, and sustainable approaches to ensure long-term access to cash for Swiss citizens. A key component of their strategy is the concept of ATM pooling, which would involve Swiss banks integrating their ATMs into a shared network to optimize operations and ensure comprehensive cash availability. An event is planned for September to discuss the implementation of ATM pooling with Swiss banks.

(PRESS RELEASE) ZÜRICH, 28-Aug-2024 — /EuropaWire/ — In response to the evolving landscape of payment methods and the increasing digitalization of financial transactions, SIX and Diebold Nixdorf have announced a strategic collaboration aimed at ensuring the long-term availability and efficiency of cash supply in Switzerland. As cash remains a vital component for many Swiss citizens, this partnership seeks to address the challenges posed by the decreasing number of bank branches, post offices, and ATMs across the country.

Adapting to a Changing Market

Between 2015 and 2023, Switzerland saw a significant reduction in the number of bank branches—from 3,100 to 2,600—and post office branches—from 1,500 to 800. The number of ATMs has also dropped from 7,200 in early 2020 to less than 6,400 today. This decline has put pressure on banks to maintain cost-effective ATM operations while continuing to meet public demand for cash.

Recognizing the need for sustainable and innovative solutions, SIX and Diebold Nixdorf have joined forces to leverage their combined expertise in cash logistics and ATM management. This partnership aims to develop new approaches that will enhance the efficiency and sustainability of cash supply systems in Switzerland.

Streamlining Cash Management

The collaboration between SIX and Diebold Nixdorf will cover the entire cash supply chain, offering banks and ATM users secure, reliable, and efficient services. The partnership will provide a comprehensive range of solutions, from site selection and ATM installation to ongoing management and transaction processing. By utilizing cutting-edge technology and a wide network of partners, the two companies aim to streamline ATM operations, reducing costs and improving service quality for banks and their customers.

A Vision for the Future

A key aspect of this collaboration is the introduction of ATM pooling, a concept that envisions a shared network of ATMs operated collectively by Swiss banks. This network would optimize ATM operations in terms of geographic coverage, cash logistics, and operational efficiency, ensuring that customers across Switzerland have continued access to cash.

An event is scheduled for September, where Swiss banks and ATM operators will discuss the requirements and potential benefits of implementing ATM pooling. The goal is to create a robust and reliable cash supply infrastructure that meets the needs of both banks and consumers in a rapidly changing financial landscape.

About SIX
SIX provides and operates stable and efficient infrastructure for the Swiss and Spanish financial centers, thus ensuring access to the capital markets and the flow of information and money between financial market players. As a global provider of financial information, SIX delivers high-quality reference, pricing, corporate actions, and ESG data and provides regulatory services and indices to clients around the world. The company is owned by its users (more than 120 banks) with a workforce of 4,160 employees and a presence in 19 countries.
www.six-group.com

Media Contact:

Jürg Schneider
Media Relations
Head Media Relations
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SOURCE: SIX