Al Rajhi Bank to Intro On-line Intelligent Cash Deposit Solution in Saudi Arabia

Al Rajhi Bank has signed with Hemaia Group, GRGBanking’s local partner in Saudi Arabia to order 100 unit of GRG Intelligent Cash Deposit Machine P2801L with aDep software from GRG, the leading provider of currency recognition and cash processing solutions in the global market.

 

By implementing the solution, Al-Rajhi Bank will become the first bank in the Gulf Cooperation Council (GCC) to offer on-line deposit solutions for corporate customers and Hemaia will become the first company in GCC region to offer “Complete Managed Services Concept” which includes site preparation, HW & SW installation, FLM & SLM and cassette replenishment.

 

This solution is streamlined for retailers, CITs and banks, and based on a cash deposit machine and a light-weight middleware aDep. It prebuilds some optimized applications to provide overall management on cash, cassettes, machines, operators and other relative resources.

 

P2801 series are high speed and large capacity cash deposit machines with state of the art technologies like banknote validation, sorting, and serial number tracking. As part of GRG’s Intelligent Cash Collection Solution (ICCS), P2801 series are the ideal solution for back office deposit for retailers, and for banks and CIT companies to provide better and more secure service to retail business areas with high cash transactions, including convenience stores, super markets, gas stations and casinos, etc.

 

GRG aDep is one of the software solutions that can provide intelligent cash collection management for cash-intensive businesses, allowing users to store and track cash, settle and credit account in the back office.

 

About Al Rajhi Bank

Founded in 1957, Al Rajhi Bank is one of the largest Islamic banks in the world with total assets of over SR 221 billion (US$ 59 bn), a paid up capital of over US$4 billion and an employee base of over 8,400 associates. With over 50 years of experience in banking and trading activities, the various individual establishments under the Al Rajhi name were merged into the umbrella 'Al Rajhi trading and exchange corporation' in 1978 and it was in 1988 that the bank was established as a Saudi share holding company. Deeply rooted in Islamic banking principles, the Sharia compliant banking group is instrumental in bridging the gap between modern financial demands and intrinsic values, whilst spearheading numerous industry standards and development.

 

About Hemaia Group

Established in 1996 in the eastern province of Saudi Arabia as a “Support Services Company” providing security staffs and support staffs to cater the daily needs of both financial and private institutions in the Kingdom. In 1991 it obtained Ministry of Interior license to move/transfer cash Kingdom wide.

Currently as one of the leading providers of secure transportation, cash management and ATM replenishment services, Hemaia has been delivering these services in full fledge since 2001. The company is a full-service provider of secure logistics solutions utilizing the advanced technology, equipment and communications systems to provide end-to-end cash management.

Hemaia Group is GRG’s partner for Saudi Arabia to provide the state-of-the-art products manufactured and marketed by GRG.

 

About GRGBanking

GRGBanking is a leading provider of currency recognition and cash processing solutions in the global market with great potential and rapid development. GRG specialize in the development/ manufacturing of Automatic Teller Machine (ATM) for financial institutions and retailers, Automatic Fare Collection (AFC) devices for railway or underground systems, as well as other currency recognition and cash processing equipment, modules and systems for over 20 years. Besides, GRG’s various Multi-Channel Software Solutions and Services cover the needs of the financial industry, retail, transportation, payment, self-service, cash automation, cash management outsourcing and managed services, customized for different customers around the world.

Headquartered in Guangzhou, GRG is the No. 1 ATM supplier in China and a top 6 player in the global market. GRG’s products and solutions are widely used in over 70 countries and regions worldwide, with over 110,000 machines providing reliability, security and convenience to over 10 million people on a daily basis.