DALLAS–(BUSINESS WIRE)–Nautilus Hyosung America (Hyosung), the fastest growing supplier of ATMs in North America and the market leader in Branch Transformation solutions, today announced that it is now the largest supplier of ATMs to the U.S. market according to the latest Global ATM Market and Forecasts report from RBR, the leading strategic research and consulting firm in retail banking, banking automation and payments systems.
“At a time when banks are closing branches and subsequently contracting their ATMs, we have increased our ATM deployment in the United States”
The report highlights how banks are reimagining the branch channel and have shifted to new branch formats and ATM technologies – such as assisted self-service ATMs – enabling bankers to spend more quality time consulting with customers. Hyosung has experienced rapid growth over the past several years in the U.S. market as banks are increasingly implementing branch transformation solutions. Already the leading provider of solutions to the Independent ATM Deployer (IAD) market, Hyosung has seen strong growth in the financial industry. According to RBR’s research, Hyosung increased its market share by four percentage points to reach 29 percent in 2013 – representing the largest market share.
“At a time when banks are closing branches and subsequently contracting their ATMs, we have increased our ATM deployment in the United States,” said Andrew Orent, CEO, Nautilus Hyosung America. “We see this as a strong indication that both banks and their customers are demanding the innovative, self-service technology Hyosung is on the forefront of. RBR’s report confirms our convictions that we are the market leader.”
RBR’s Global ATM Market and Forecasts to 2019 is a comprehensive analysis of the development and future of the global ATM and cash dispenser market. The report covers 183 countries and is invaluable for manufacturers, financial institutions, independent ATM deployers, network operators, processors, professional services firms and other suppliers to the financial services industry.