Forecasting cash balances

For whom

Banks, financial institutions, ATM operators.

Technologies used

Machine Learning, AI/ML, Big Data, Python.

Problems solved

Inefficient cash management in ATMs and deposit devices, excessive collection costs, insufficient optimization of cash flows.

Application examples

We were approached by a large bank with a problem of frequent ATM outages due to improper planning of cash balances. We analyzed the current processes and implemented a system of cash balance forecasting based on machine learning. The implementation took 6 months, and as a result, the client reduced collection costs by 20% and improved ATM availability for customers by 15%.