FINANCE|ASIA|

Bank Vault Project for a Bank in China

Background
 
A Bank faces a large amount of cash flow every day. At present, the transfer of cash boxes completely relies on manual operation. The measure of copying and writing by hand is cumbersome and inefficient. And it is easy for counterfeit staff to transfer cash boxes, resulting in having the “blind zone” and security risks.
 

Challenges
 
  • There is no electronic identity for cash boxes, so it is necessary that cash boxes are returned to the vault every night for centralized classification management, which has low work efficiency and high labor cost.
  • It only relies on the magnetic stripe, simple documents, spoken password to carry out the identity authentication of the personnel during the transfer of cash boxes between the vault and the outlets. It is prone to counterfeiting, forgery, etc., causing potential safety hazards.
  • Handover procedures are manually registered, which is cumbersome and inefficient.
  • There are no real-time electronic records in cash flow business process. Reports cannot be automatically generated.

Solutions
 

Based on advanced RFID identification and tracking technology, Chainway helps to realize the tracking of cash box transfer and cash logistics. The manager can know the cash flow information in real time for the management of the cash bank cash flow with high efficiency and accuracy. Thus it eliminates potential safety hazards and improves the management of bank vaults.
 
Electronic management for cash boxes
Each cash box is labeled with the two-dimensional code or the electronic tag. Staff can scan the two-dimensional code or electronic tag by the PDA to confirm the identity information of the cash box with ease.
 
Personnel identity management
Intelligent identification of Personnel by PDA is safer and more reliable than manual measures.
 
Intelligent handover management
With the PDA, it optimizes the workflow for rapid personnel identification and batch identification of cash boxes, making the handover faster, safer and more accurate.
 
Real-time monitoring of cash box flow
The real-time tracking of cash box transfer and cash logistics can be realized based on RFID technology, so that the manager can perform real-time monitoring of the entire cash flow.
 

Effects
  • It changes the traditional manual operation of bank vault transfer and upgrades the management level of the bank.
  • The management team make full use of scientific and technological measures to realize management of handover and convoy of cash boxes, in order to optimize cash logistics workflow and boost work efficiency.
  • It enables intelligent verification of multiple information such as the person in charge of transfer, cash unit, lines, outlets, tellers, and cash box types to avoid manual error.
  • The real-time tracking report of cash boxes can be automatically generated. The administrator can capture the flow of each cash box on the background, which provides a basis for business planning and boosts management efficiency.
 
PDA Configuration

P/N: C72
Function: RFID UHF, 2D
Close
Cookies
We would like to use cookies on our website to improve your experience. By clicking “Accept All”, you consent to the use of all the cookies. Via 'Cookie Settings' you can manage your preferences. For more information about the cookies we use, click here to read our Cookie Policy
Cookie Settings Accept All
Close
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. However, blocking some types of cookies may impact your experience of the site
Accept All
Strictly Necessary Cookies
Always Active
These cookies are necessary for the website to function and camnot be swiched of in our systems.They are usully only set in response to actions made by youwhich amount to a requestfor services such as seting your prvacy preferences,logging in o iling in forms.You can set your browser to block or let you boutthese cookies, but some parts of the site will not then work. These cookies do not store any personally identfiable information.
Performance Cookies
These cookies are necessary for the website to function and camnot be swiched of in our systems.They are usully only set in response to actions made by youwhich amount to a requestfor services such as seting your prvacy preferences,logging in o iling in forms.You can set your browser to block or let you boutthese cookies, but some parts of the site will not then work. These cookies do not store any personally identfiable information.
Social Media Cookies
These cookies are set by a range of social media services that we have added to the site to enable you to share our content with your friends and networks. They are capable of tracking your browser across other sites and building up a profile of your interests. This may impact the content and messages you see on other websites you visit. If you do not allow these cookies you may not be able to use or see these sharing tools.
Functional Cookies
These cookies enable the website to provide enhanced functionality and personalisation. They may be set by us or by third party providers whose services we have added to our pages. If you do not allow these cookies then some or all of these services may not function properly.
Targeting Cookies
These cookies may be set through our site by our advertising partners. They may be used by those companies to build a profile of your interests and show you relevant adverts on other sites. They do not store directly personal information, but are based on uniquely identifying your browser and internet device. If you do not allow these cookies, you will experience less targeted advertising.
Confirm My Choices