Banking and Financial Services Industry

Cash Management Challenges 

Banks and financial institutions deal with large volumes of cash, requiring efficient and  accurate handling to minimize operational costs and security risks. Manual cash handling processes can be labor-intensive and prone to errors, impacting efficiency and customer service. Real-time reporting on cash transactions is crucial for informed decision-making and regulatory compliance. 

The Loomis Advantage

Loomis provides a range of solutions tailored to meet the specific needs of banks and financial institutions. With Loomis Direct, our online customer portal, clients have access to real-time cash operations information and reporting tools, enhancing visibility and control over their cash operations. 

Financial Industry Solutions 

• Cash transportation 
• Cash management and processing 
• Check/item processing 
• ATM replenishment  and deposit pulls
• Outsourced and virtual vault services 
• Treasury solutions for retail accounts

Benefits of a Loomis Partnership

The four main benefits financial institutions experience with a Loomis partnership are Efficiency, Security, Visibility, and Compliance. Cash operations are streamlined with automated processes, allowing FIs more time to focus on customer service, deposit development, and loan production. Managers benefit from real-time reporting and cash forecasting tools that provide accurate insights for decision-making. Meanwhile, secure transportation and storage of cash reduces the risk of theft and error. These solutions are all designed to meet regulatory requirements, so the research is already done. FIs can trust that Loomis is an expert in all things cash.