Pillar of automation in the banking industry

banking industry

Nobody has ever appreciated waiting in the long ques- and nobody ever will! Whether it is a shopping regime or an official work- paying the bills or recording your information over the terminals, people don’t benefit from all of the waiting processes. Today’s era is the pioneer of automation, and many industries are coming together to keep up with the automatic functions—we all witness technology in different forms all around us. You rush to the office- and get an automated card punching machine. Moving to the bank, you have a passbook printing kiosk, and at the end of the day, you will have a vending machine that will disburse eatables for you.

In the picture above, you might notice that technology has dramatically influenced the regime of self-service. Earlier, the concept was to serve the customers with workforce, but now, the force has been replaced with some other forms of machinery & automation wherever possible. To a greater extent, this leap has helped both the service providers and service seekers. The former doesn’t have to look after the que of hundreds of people and do all the work single-handedly. While the latter can save a lot of time and energy, and avoid the queues.

It is not very historical that we had to take a token and wait for our turn inside a bank. It is commendable- how fast things turn up for betterment. A passbook printing kiosk, cheque book printing machine, cash withdrawal machine, and few other tech supports have come forward. In every economy, Banking is the central pillar- so naturally, it needs to be healthy. It is undeniable that everything that needs to be healthy has to be DIGITALLY efficient in the present world. The service providers not only require to be on the digital platforms but provide more effective customer services. The digitally enabled, and multiple banking channels have pioneered the automation.

Notably, in the banking landscape, customers need to be quickly updated. To maintain their debits and credits, and keep track of their expenses, a quick solution is a passbook printing kiosk. The Bank’s Automated Passbook Printer is a state-of-the-art system with an easy-to-use interface and a mighty printer. The consumer only needs to insert the printer with the Passbook. The printer prints entries, flip pages and returns the Passbook to the customer automatically. The entire process takes less than only a few minutes to complete.

Now, it is essential to know why a passbook and passbook printing kiosk is important alike:

  • It provides the account manager with full details on financial activity occurring across their account. It improves transparency and openness.
  • On your banking app, you now even have the passbook option available! On your mobile app, you can change your Passbook by merely logging in to it.
  • You will track your revenue and spending smoother with access to your Passbook.
  • You can monitor all the sources of revenue and dues paid off to plan better. For improved economic planning and record-keeping, you can even name and mark expenditures.
  • You will have your wireless Passbook available around the clock.
  • The Passbook is an accepted document which doubles as proof of address and proof of identity.

How to update your Passbook?

You should easily stroll into your bank’s closest branch if you want face-to-face contact with your banker. You can find the human resource there, or move to a passbook printing kiosk if your bank has the facility. Step up to the teller and update your Passbook. Before giving it over to you, the teller will correct it, have it stamped and signed by approved bank employees. The kiosk accepts the account information from the magnetic strip mounted on the Passbook, fetches the account transaction details from these details and prints them on the Passbook. This facility can be accessed by customers 24×7 from the Elobby/ATM.

Besides, the passbook printing kiosk is an entirely automatic system capable of auto-flipping, auto-aligning and reviewing the customer passbook without branch staff or customer involvement. This simple process can provide all participants with a great degree of ease and comfort at minimal costs. Also, it is not necessary to invest a fortune here, as it is an affordable investment. Significant investment would undoubtedly be needed in some places, but broadly speaking, much of the elements that banks need to take advantage of this opportunity could already be in place. Banks have to exploit them further and invest in these focused ways.

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