CMS Algo - World's first AI automated ATM Security software application
CMS Info Systems (CMS), an end-to-end security encrypted fool-proof solution to prevent ATM frauds at the time of cash replenishment or maintenance, brings the world's first fully automated, Artificial Intelligence powered, mobility based, ATM Security software application.
CMS Algo helps banks to implement RBI guidelines on OTC Lock activation through providing first-time-ever geo fencing & GPS enabled, user face recognition, credential authentication, backend service request compliant; OTC code generation software.
RBI Guidelines mandated banks to implement logical and physical security measures in all ATM terminals including Hard-disk encryption, anti-skimming devices, OTC (One Time Combination) enabled safes and vault locks, white listing, black-listing among others.
CMS Algo is machine agnostic and can operate on any ATM OEM with any safe / vault lock. The ATM machine could be manufactured by NCR, Diebold-Wincor, Hyosung or any other and the lock could be from S&G, Kaba MAS Hamilton, Securam, Perto or any other OTC make with one time integration – Algo can be deployed by banks across the world on their ATMs to become fully compliant to the latest Global norms for ATM safety and security.
“We are delighted and proud to have developed World’s first Artificial Intelligence automated ATM Security software application. This application can run on any ATM across the world and helps in fraud prevention. The solution is cost ineffective in the backend and low cost in the front-end. The biggest saving is the reduction of fraud, no requirement of a call-centre, and restricted access to data and premises. We have deployed Algo on the 52,000 ATMs that we are servicing on behalf of customers in India. Bank of Maharashtra and Catholic Syrian Bank have already subscribed to Algo. We are in discussions with other Indian and International banks & Cash Replenishment Agencies for the implementation of Algo” said Rajiv Kaul, Executive Vice Chairman, Chief Executive Officer and Whole time Director.