Glory Ltd, the parent company of Glory, which worked closely with top Japanese financial institutions during the Japanese banking crisis in the 1990s, is gearing up to provide banking automation strategies to the US banking and financial institutions. It has been reported that the financial firms that use Glory’s automation technology, can reduce currency inventory on hand, redundant steps in a banking transaction and reduce errors in the overall process.
Spearheading the efforts at Glory is Rick Friese, senior vice president of sales and strategies. For the past eight years, Mr. Friese has been in charge of all sales and sales strategies for the gaming, retail and banking business segments. Prior to Glory, he held various sales positions with other technology solution providers such as IBM and Okidata.
Mr. Friese said: There are many similarities between the Japanese and US banking markets. During the 1990s Japanese banks faced many of the same challenges that US banks are facing today. A key to the successful transition of Japanese banks was the implementation of bank automation. As a result, we are many generations ahead of others and have the ability to add new technologies to our existing designs and products without securing the technology from other sources. Whenever you outsource you risk product performance, time to market, cost and seamless product integration.
The use of “stacker technology” is the better choice for a cash recycler here in the US. Because of the overall poor condition of US currency as compared to other countries, stacker technology provides banks with more capacity and user friendly operation. We made a conscious decision to use this technology here in the US market,” he added.
Tina Tuccillo, VP of Marketing for Glory, said: Automation has many benefits. We collect “Voice of Customer” data and then review this with our engineers. All toward the goal of optimizing business processes, realizing improved transactional efficiencies and automating the work flows of our customers to reduce their operational costs.
