Rototype International unveiled its new ATM, the CJD 8000 Cashless ATM to a gathering of bank executives at its Wall Street showroom in New York today. The changing economic climate is putting pressure on banks to look for new revenue opportunities in order to meet its return on equity targets. Moreover, the implementation of tough new regulations such as the Dodd-Frank Act is expected to reduce $27b in annual debit card fees for large banks. For reasons such as these, banks are constantly looking for ways to reduce its cost to revenue ratio in order to remain competitive in the industry.

Self-services banking has come a long way since Maybank introduced Malaysia’s first automated teller machine (ATM) self-services banking kiosks in 1981, followed throughout that decade by other banks in Malaysia, both multinational and Malaysian-owned.

Rototype International (Malaysia) brought on-board new chief executive officer(CEO), Irwin Oh in January this year, to further drive this proudly Malaysian home-grown retail banking systems and solutions provider’s presence in the Asia-Pacific region.

Rototype International, which provides end-to-end banking solutions and self-service banking machines, has appointed Irwin Oh (pic) its new chief executive officer, effective Jan 3, 2013, at which time Harres Tan assumed the role of group chief executive officer.

IT PROFESSIONALS need to brush up on their interpersonal skills instead of merely focusing on their skills at dealing with machines if they want to stand a chance in today’s job market

Banks will impose a cheque processing fee of 50 sen on the issuer of the cheque with effect from April 1,2014 as Bank Negara Malaysia (BNM) sets a new pricing strategy to promote greater efficiency.