IBM Mexico and GRG Banking Partner to Promote Leading-Edge Financial Solutions

October, 11 2011. IBM Mexico and GRG Banking, the leading provider of cash processing and currency recognition solutions in the Chinese market, announced today a partnership in Mexico to provide jointly an integrated hardware, software and services infrastructure for the financial services industry, comprising the full range of Automatic Teller Machines (ATMs) with different features depending on client needs, to meet the demand of all the processes that today are carried out in a branch. The partnership initiated in Mexico, where GRG has its own local subsidiary, is planned to be expanded to other LA countries, such as Peru, Colombia and Argentina, within the next three years.

With more than 60,000 ATMs deployed in more than 60 countries around the world, GRG Banking is China’s number one ATM supplier, and one of the top ten suppliers of the global market.

Both companies are working jointly to introduce GRG’s latest technology particularly for cash recycling ATMs, drop-boxes and retail kiosks, based on IBM’s services portfolio, including ATM installation, maintenance and configuration, thus offering an end-to-end value solution.

Through these solutions, our the clients will access leading-edge technology to automate the financial services offered to bank users, benefitting from a rapid and efficient service, considerably reducing waiting time and saving labor costs.

“This partnership represents an opportunity for IBM and GRG to offer our clients in Mexico excellence in self-service ATMs,” said Oscar Sanánez, Global Technology Services Executive, IBM Mexico.