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CMS Info Systems has now secured 30% ATMs across India through its proprietary award-winning security application ‘ALGO OTC'. This application helps banks implement RBI guidelines on OTC Lock Activation to ensure the mitigation of risks during ATM operations and enhancing security.
Launched in 2019, ALGO OTC is the world's first fully automated, Artificial Intelligence powered and mobility-based ATM security software application. ALGO OTC is equipped with first-ever Geo fencing and
GPS-enabled user face recognition which helps in reducing risks and fraud during cash replenishment cycle at ATMs across India. Integrated with maker–checker approval, ALGO OTC can be used by any Bank or
Vault for cash replenishment, FLM, SLM and Vault-related activities.
The company plans to further implement the software application ALGO OTC to existing 15,000 ATMs of the largest bank in India in CY2023.
ALGO OTC is a machine agnostic security software and can operate on any ATM OEM with any safe/vault lock. It can also be deployed by banks across the world on their ATMs to become fully compliant with the
latest global norms for ATM safety and security.
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