AB Securitas-Amana Bank introduce Brown Label SSD concept in Sri Lanka

From left: Amana Bank Manager Legal Shareef Ayubkhan, Manager Operations Business Process Reengineering/Automation Chandana Dissanayake, VP Business Banking Irshad Iqbal, Head of Legal Sulani Dayaratne, Chief Operating Officer Imtiaz Iqbal, Managing Director/CEO Mohamed Azmeer, AB Securitas (Pvt.) Ltd Managing Director Phiroze Pestonjee, Director/CEO Pradeep Kannangara, Head of Project Innovations Prasanna Aryaprema, Senior Manager Currency Lionel Rathnasekara, Senior Manager ATM Sanjaya Fernando and Head of Branding and Communications Vipula Gunaratne

The AB Cash Management services entity, which is under AB Securitas (Pvt.) Ltd, a leading total loss prevention solutions provider in the country, recently introduced Total SSD Management in Sri Lanka. 
This newest add-on to the products and services is the novelty concept of Brown Label SSD. The project is operated under AB Cash Management to cater to multiple aspects and demands in commercial and industrial security in Sri Lanka. 

The signing of the agreement for this new venture took place at Amana Bank, with the participation of the managing directors of both organisations.

As a continuous service development, AB Securitas launched this new service together with the total solution where they look into the hardware management and service, electronic security, AC facility and security guard services. This new system at the banks includes having one single point of contact, lack of capital expenditure for banks, as they charge a monthly service charge, no maintenance or staff cost, it’s hassle-free and with this, the banks can focus on giving their full attention to the core business as AB Securitas takes care of the non-core activities. The first system was launched with Amana Bank in Thoppur, Trincomalee. 

ATM Management Service has covered all ATM-related services, including replenishments, calls out and first-line maintenance. The replenishment services include cash replenishments, clear cards, clear cash, clear deposits, journal roll replacement, ribbon replacement, cash reconciliation, maintaining consumables of ATM/CDM and closing and reactivating ATMs. Brown Label ATMs are those automated teller machines where hardware and lease of the ATM machine are owned by AB Securitas but the cash management and the connectivity to banking networks are provided by a sponsor bank whose brand is used on the ATM.  

Under this new concept, AB Securitas provides the total end-to-end solution from the ATM and CDM machines to cash collections (CIT), replenishments and reconciliation, real-time monitoring of machine behaviour and forecasting, currency processing and storage, RTGS, Central Bank deposits/withdrawals, static security and cleaning, CCTV systems, middleware and quick response (QRT).