JOHANNESBURG (03/01/2004) - AST Products, a division of the AST Group, has been appointed as the South Africa (SA) reseller for Germany-based Wincor Nixdorf -- banking division.
As SA reseller, AST will provide market solutions, systems and services to the financial services sector, as well as for industries that use solutions involving monetary value transactions.
Its functions will involve the provision of self-service cash solutions, self-service non-cash solutions, devices and financial enterprise solutions.
"Banking is changing, perhaps more rapidly than at any other time in its history. Private and corporate clients are altering their strategies. Many retail banking clients make their transactions electronically, while others insist on going into a branch," explains Henrik Stanley-Madsen, MD of AST Products.
"Competition to meet every client's need is fierce, but cost-cutting, including an increased shift towards reduced staffing levels, is squeezing bank resources and operations right and left," adds Stanley-Madsen. "In addition to existing branch networks, financial institutions need the right mix of proven and innovative delivery channels to keep the clients they have and win new ones."
With open system architectures, compliance with standards, a universal system concept and modularity, AST will ensure that their clients have a free choice of tools/networks, function and user software. At the same time, uniform user interfaces, investment protection, improved quality and flexible service and maintenance maximize client acceptance. It also reduces the total cost of ownership for the client.