CMS Info Systems wins 5-year ATM managed services mandate from HDFC Bank – CNBC TV18

CMS Info Systems Restricted has secured a 5-year ATM managed services outsourcing contract from HDFC Bank, India’s largest non-public sector financial institution, in accordance with an organization assertion.

Beneath the settlement, CMS will present finish-to-finish ATM managed services, together with foreign money forecasting, money logistics, and its Imaginative and prescient AI-primarily based monitoring platform, HAWKAI™. The services are geared toward bettering ATM uptime, money availability, and operational effectivity throughout the financial institution’s community.

CMS Info Systems Restricted mentioned the mandate additional strengthens its place within the ATM managed services phase, the place it already works with a number of massive banks in India.

Anush Raghavan, Chief Enterprise Officer at CMS Info Systems, mentioned the HDFC Bank mandate displays confidence within the firm’s expertise capabilities, nationwide operational scale, and execution observe report in sustaining uptime and compliance requirements.

He additionally famous that CMS has expanded its partnerships with non-public sector banks in recent times. The corporate mentioned its non-public financial institution income combine has elevated from 22% in FY25 to 25%, and it expects this to achieve 30% by FY27.

CMS added that with latest massive contracts, together with a ₹1,000 crore mandate from State Bank of India, it’s strengthening its place within the ATM managed services market in India.

The corporate mentioned these developments are aligned with its lengthy-time period development plans for FY27 and FY30, because it continues to develop its ATM administration options platform throughout the nation.

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