Hyosung Cho Hyun Joon President Expects its Self-banking Solution ‘NBS’ to be Global No.1 Product

Hyosung supplies its own self-banking solution ‘NBS’ to major banks in about 30 countries

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Hyosung KOSPI 004800

Sep. 22, 2017 22:00

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SEOUL--(Korea Newswire)--Hyosung’s operating profit surpassed 1 trillion won last year for the first time since its foundation 50 years ago. Cho Hyun Joon President’s ‘Technology Management’ became a cornerstone for the milestone performance. He is determined to keep its operating profit above 1 trillion won by securing business in such promising fields as carbon fiber, heavy industry and IT.

ATM is one of the future income sources for Hyosung. Nautilus Hyosung supplies various financial automation equipment, including NBS, a self-banking solution it developed on its own, to major banks in about 30 countries. NBS (New Branch Solution) provides an unmanned service by automating 107 banking businesses or 90 percent of businesses performed at tellers’ counters, thus making it possible to use banking services regardless of banks’ opening hours.

Hyosung plans to expand its global ATM supply largely from its plant in Huizhou, China, which will roll out 75,000 ATMs annually by 2018. It is developing various services and functions to meet customer needs by utilizing advanced technology and knowhow it has accumulated in the financial IT area.

Hyosung Cho Hyun Joon President says “Hyosung has secured its competitive edge in banking automation equipment and smart banking-related total solutions such as UI/UX,” He added “We will grow up to be global No. 1 company in the field of self-banking solutions by utilizing salient features of technology and knowhow we have acquired so far.”

Website: http://www.hyosung.com