GEIT Shortlisted for Bank of Communications Head Office Zhiyitong Cash Equipment Project

Recently,GEIT has received the Letter of Award for the Zhiyitong Cash Equipment Project from Bank of Communications Co., Ltd. (hereinafter referred to as "Bank of Communications"), successfully winning the bid for this project.

To further advance the integration of self-service equipment at Bank of Communications and address the issues of single functionality and low utilization rate of traditional cash-based self-service devices (ATM/CRS) in 24-hour self-service banking areas, the bank has launched the Zhiyitong Cash Equipment with cash-handling capabilities.

Compared with traditional cash machines that only support basic functions such as inquiry, withdrawal, deposit, and transfer, the Zhiyitong Cash Equipment integrates a series of non-cash functions including investment and wealth management, foreign exchange services, account management, and credit card services. It supports remote review in unmanned mode, providing customers with comprehensive service content, further improving the overall service efficiency of self-service areas and enhancing the coordinated operation capabilities of online and offline channels.

The Zhiyitong Cash Equipment will form a family and serialized product line together with the existing Zhiyitong Non-Cash Equipment and Zhiyitong Printing Equipment, meeting the needs of various combinations of machines in different scales of outlets and scenarios.

Founded in 1908, Bank of Communications is one of the oldest banks in China and one of the note-issuing banks in modern China. On April 1, 1987, the reorganized Bank of Communications officially opened for business, becoming China's first national state-owned joint-stock commercial bank with its head office located in Shanghai. In June 2005, Bank of Communications was listed on the Hong Kong Stock Exchange, and in May 2007, it was listed on the Shanghai Stock Exchange.

The business scope of Bank of Communications Group covers commercial banking, offshore finance, funds, trusts, financial leasing, insurance, overseas securities, debt-to-equity swaps, and asset management. As of the end of June 2019, Bank of Communications had 242 domestic branch institutions, including 30 provincial branches, 7 directly affiliated branches, and 205 prefectural and municipal branches. It has established a total of 3,176 business outlets in 242 prefecture-level and above cities and 162 counties or county-level cities nationwide. Overseas, Bank of Communications has set up 23 overseas branches (subsidiaries) and representative offices in 17 countries and regions.

As an overall solution provider with excellent products and outstanding brand influence in the field of financial self-service equipment,GEIT's various product series and solutions have not only won high praise from banks in practical applications but also gained customers' trust with its professional, timely, comprehensive, and thoughtful services. This also reflectsGEIT's unremitting efforts to uphold the service tenet of "Leading Financial Self-Service with Technological Innovation" through its products, solutions, and all-round services.GEIT will continue to improve product quality, enhance service levels, ensure the safe and stable operation of products, and contribute to the construction of intelligent banking outlets!