Halyk Bank (hereinafter - the 'Bank') has moved to a new level of operational efficiency - jointly with Fiserv, Inc., a leading global provider of financial services technology solutions. The Bank for the first time in Kazakhstan has looked at the matter of cash logistics at the level of international standards.

The solutions from Fiserv, Integrated Currency Manager, Device Manager and CorPoint, will ensure proactive management of devices to reduce risks and increase availability of its network for customers. Cash accounting has been automated at all points - storage, ATM, cash register and collection. The Bank will be able to respond quickly to customers' need for cash.

'Having a large and rapidly growing network, and taking into account the fact that without necessary processes valuable time and money could be lost, we needed to find a strategic partner who would be able to provide efficient customization of business processes through automation. Fiserv has offered us a complete solution for all aspects of cash management transactions. The Vendor has proven technology, having achieved results with both CIS and global customers around the world, - said Ertay Salimov, Deputy CEO of JSC Halyk Bank.'

The solution has already been implemented in Kazakhstan; Halyk Bank expects to see results from the implementation in the second half of this year. In the short term the system will be launched in the Bank's subsidiaries in Kyrgyzstan, Georgia and Russia.

' Automation is critical for organizations with large and expanding networks to cost-effectively service customers. We welcome the opportunity to work with top tier financial institutions such as Halyk Bank's initiative, which has for the first time applied such international experience in its country. Technologies and global experience of Fiserv will help our Kazakhstan partner to increase satisfaction of its customers,' - believes Kirill Khomyakov, CIS Director, Cash & Logistics, Fiserv.

About the Bank

JSC Halyk Bank is the backbone bank in Kazakhstan with the largest customer base and the broadest branch network. The Bank is developing as a universal financial services group, which actively render a wide range of services - banking services, insurance, leasing, brokerage and asset management services to its corporate customers and SME.

About Fiserv

Fiserv, Inc. (NASDAQ: FISV) enables clients to achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and business insights and optimization. For more than 30 years, Fiserv has been a leader in financial services technology, and today is among FORTUNE® magazine's World's Most Admired Companies and Forbes magazine's America's Best Employers. For more information, visit www.fiserv.com.

JSC Halyk Bank PR-Service:

+7(727) 2590816, pr@halykbank.kz

www.halykbank.kz

JSC Halyk Savings Bank of Kazakhstan issued this content on 19 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 April 2016 04:00:09 UTC

Original Document: https://halykbank.kz/en/news/6061