BS/2 Awarded for Achievements in Uzbekistan

The banking technologies company Penkių kontinentų bankinės technologijos (BS/2) of Penki Kontinentai Group received an exceptional award from the world leader of the banking and trade equipment Diebold Nixdorf for successful business development in Uzbekistan.

The Special Achievement Banking 2019 award was presented to BS/2 at the Banking Eurasia Partner Summit, held in Rome (Italy) on April 8-10. Over 120 delegates from 30 countries participated in the annual event, shared strategic plans for the future with their colleagues, and discussed last year’s results.

“We are pleased that the results BS/2 achieved in one of the major countries of Central Asia were recognized by our reliable partner Diebold Nixdorf. Currently, the financial sector of Uzbekistan is experiencing some major reforms. Banks are actively introducing innovations, increasing the number of ATMs, and expanding the range of services. It is gratifying that our company can contribute to the development of banking in Uzbekistan by offering financial organizations advanced solutions for self-service devices,” says Anton Valinčius, director of BS/2 Uzbekistan.

Last year the company executed several large projects, providing the country’s largest banks with over 300 Diebold Nixdorf self-service devices with cash recycling functionality. The devices also included the proactive security solution ATMeye.iQ and currency exchange system FCX.iQ integration.

The company BS/2 Tashkent was established more than 10 years ago. It contributes to the development of the local banking technology market. Today, the range of provided services includes the sale of specialized equipment and software, system maintenance, IT infrastructure monitoring, consulting, and other services catered to unique client needs.

According to Anton Valinčius, Uzbekistan is becoming one of the most attractive countries for foreign investors. In Central Asia, it ranks first in terms of population (over 32 million inhabitants) and second (after Kazakhstan) in economic development.  Last year Uzbekistan embarked on the development of digital banks at the state level and improved the regulatory framework in e-commerce. In January 2018, the term “digital banking” appeared in the legislation and revealed the need to develop the full range of modern technologies that allow interaction between banks, their customers, and the government through electronic communication channels.

From left to right: Jaivinder Singh Gill (Diebold Nixdorf), Neil Emerson (Diebold Nixdorf), Kornelijus Šišla (BS/2), Idrakas Dadašovas (Penki Kontinentai), Joachim Struck (Diebold Nixdorf)