Qorus Banking Innovation Awards 2023

AI-driven cash balance forecasting: Cash In Control

Submitted by

Yapi Kredi

Logo of Yapi Kredi

Yapı Kredi was established as the first retail oriented private bank in Turkey and now the...

premium
Q+
20/09/2023 Banking Innovation

About

Now it's time for smart and fair cash targeting! Please welcome our new project, Cash In Control. Powered by AI, we've developed a smart cash management system designed to optimize the allocation of cash within Yapı Kredi Bank's branches and main vaults which serve as a primary source of cash to meet the bank’s operational needs (bridge between branches, ATM’s & Central Bank). Holding excessive cash in vaults comes at an opportunity cost. Our innovative AI driven solution optimizes cash to ensure efficient and cost-effective cash management, minimizing excess cash in branches and main vaults while maintaining an adequate supply to meet customer demands. Our data driven approach utilizes extensive information; customers’ branch transactions and cash transfers among various actors like branches, ATMs, main bank vaults and third party companies to which bank provide cash storage. The project's purpose is to set optimal targets for maximizing the bank's cash efficiency.

Want to keep reading?

Become a Qorus member to get access to all our innovations

Interested in learning more? Speak to Boris, Qorus's Content Lead

Qorus has a library of almost 8,000 innovation case studies across critical areas like customer experience, sustainability, marketing & distribution and more that can be used to inform your decision-making.
Contact us

Related Content