ATM Outsourcing & Leasing Services

ATM Outsourcing

Many financial institutions cannot accurately identify the total cost of operating an ATM network due to the investment of multiple departments and the various overhead costs that are often difficult to measure.

Since its inception, Bankom has been in the ATM business, managing Uganda's Interbank ATM Switch and providing ATM outsourcing and leasing solutions. Financial Institutions have also contracted Bankom to run training seminars for their operations, e-banking and technical personnel on how to better run their networks.

Banks can opt to outsource management of part or entire ATM networks to Bankom which would provide the following services:

1. Bankom is able to offer turn key ATM operating services for bank-owned, bank-branded ATMs installed and operated in branches and in key offsite locations
2. Bankom eliminates hidden costs such as salaries, pensions, health, etc.
3. There is an opportunity cost of re-deploying staff to other productive and income generating activities

ATM Switch Hosting

Bankom offers a switch hosting and card management facility to financial institutions looking to add ATM services to their product range. Institutions therefore need not operate a switch in order to provide ATM sevices to their customers. Instead, Bankom directly connects its high-end switch to an institution's core banking platform via an ISO 8583 interface.

Bankom currently provides this service to Fina Bank and Finance Trust.

Value proposition of ATM Switch Hosting

• No capital investment required to set up a switch
• No costly annual license fees
• No in-house expertise required
• Access to other partner insititution ATMs through Inter-bank connectivity 

 ATM Leasing

Instead of outright purchase of own ATMs, institutions can affordably lease ATMs from Bankom. Bankom ensures installation, configuration, branding and certification of the machines. Outsouring sevices listed in the previous section may be provided if an institution so wishes.

Value proposition of ATM Leasing

1. No capital investment in own ATMs.
2. No capital assets on balance sheets.
3. No freezing of cash for capital expenditure
4. Abiltiy to earn revenue when transactions are acquired.