Dubai, September 19, 2017:  Emerico Private Limited today marked the launch of its 2nd Generation Virtual Smart Machine (VSM) that will offer enhanced features to strengthen self-service banking and customer-oriented services. The launch was announced at the 7th Middle East Banking Innovation Summit, the region’s largest banking technology and innovation event, being held on Sept. 18 and 19 in Dubai. Emerico is a Networking Sponsor of the event. 

 

The 2nd Generation VSM brings several enhanced banking features such as cash recycling, coin recycling and passbook update, complementing the 1st generation VSM, already launched in the region, which enables instant Europay, MasterCard, Visa (EMV) card dispensing, instant cheque dispensing and localised fingerprint identification. This will enable banking and other customer-service oriented industries to focus on branding, value creation and innovative customer experiences. 

 

A state-of-the-art technology developed by Emerico, the 2nd Generation VSM further strengthens self-service banking to be operated with minimum human assistance anytime, anywhere. It will provide 24x7 full operational banking services including instant account opening, loan acquisition, instant debit/credit card dispensing, instant cheque issuance, and cash/coin handling with UAE Emirates ID fingerprint identification capability. 

 

The 2nd Generation VSM also integrates existing facial and voice recognition features. Further, it offers Artificial Intelligence for decision-making and know-your-customer questionnaires with chatbot technology. The 2nd Generation VSM can be used with video conference or chatbot or both technologies simultaneously. 

 

Francis Lai, Managing Director of Emerico , said: “Our powerful 2nd Generation Virtual Smart Machine is a game changer not only for the banking sector but also for all customer service-centric industries worldwide by providing great fulfilment of just-in-time customer services. This will support the Smart City vision of the region, and bring a new way of banking that will enhance the customer experience. The launch comes at an opportune time as the banking sector and other customer-oriented industries in the region focuses on embracing advanced digital solutions that transform customer service delivery.”

 

In addition to the 2nd Generation VSM, Emerico plans to introduce a new series of Tablet Virtual Machine technology that comes with Mobility and Self-Service series and provide the same functionalities and features of the 2nd Generation VSM but in a smaller compact size. To be launched in 2018 in addition to the 3rd Generation VSM, it is highly customizable and powerful in instant acquisition usage with payment capability. The 2nd Generation VSM can also be applied in government, telecom, aviation, insurance, logistics and more. 

 

Emerico is an MFI Certified Manufacturer by Apple and its Alexis Smart Software solution is certified Payment Application Data Security Standard (PA-DSS) by the Payment Card Industry Security Standards Council (PCI SSC). An ISO-certified company with eight international awards and accolades in the field of Banking & Customer Service solutions, Emerico is a world leader in banking and retail technology. It is dedicated to innovation, international service standards and in supporting customers from all over the world with the freedom to focus on what matters most: their real business.