Company: Bluechip Technologies
Product: Cash Complete
Link: bluechiptech.biz
Industry: payment
Project Overview
Cash Complete is an advanced Cash Management Solution designed for banks to optimize their cash supply chain. Leveraging Machine Learning and AI technology, Cash Complete automates the process of cash threshold management, alerting treasurers when cash levels approach critical limits and ensuring cash availability while minimizing costs.
The Problem
Managing cash flow in banks is a complex process with risks of either cash shortages or surpluses. Banks face operational inefficiencies when cash falls below required levels, or when excess cash in vaults exceeds insurance limits, leading to increased costs and security concerns.
Solution
The Cash Complete system provides:
- Real-Time Cash Monitoring: Offers a comprehensive overview of payments and liquidity positions in real time, enabling accurate cash management across branches.
- Threshold Alerts: Uses AI to learn and predict cash needs, automatically alerting treasurers when cash levels are too low or exceed vault insurance limits.
- Centralized Cash Supply Chain: Integrates all cash point data, simplifying the cash supply chain and ensuring cash demands are met efficiently and at the lowest possible cost.
- Digital Cash Disbursement: Allows cash management teams to view requests and fulfill them digitally, improving the speed and accuracy of cash distribution.
Temidayo’s Project Achievements and Contributions
- Leadership & Execution: Managed the end-to-end development and deployment of the Cash Complete platform, ensuring seamless integration with banking systems and efficient cash management operations.
- AI Integration: Supervised the incorporation of Machine Learning and AI into the platform, enabling predictive cash management and automated threshold alerts for optimal liquidity management.
- Real-Time Analytics: Led the implementation of real-time cash flow monitoring and reporting tools, allowing banks to have a precise understanding of cash requirements at any given moment.
- Collaboration & Stakeholder Engagement: Worked closely with cash management teams, central banks, and stakeholders to ensure that the solution addressed key operational needs and regulatory requirements.
- Enhanced Cash Supply Chain: Oversaw the integration of centralized cash point data, enabling banks to manage cash needs more effectively, reduce costs, and maintain optimal cash levels across all branches.
- Operational Impact: Successfully contributed to significant improvements in cash management efficiency, reduced operational costs, and ensured compliance with safety standards by avoiding cash surpluses in vaults.