CMS launches AI-automated ATM security software ‘Algo’

Mumbai, Oct 14 (IANS) : CMS Info Systems (CMS) has announced the launch of fully automated, Artificial Intelligence-powered ATM security software application Algo.

CMS Algo is an end-to-end security encrypted a fool-proof solution to prevent ATM frauds at the time of cash replenishment or maintenance, the company said in a statement.

The application is machine-agnostic and can operate on any ATM manufactured by any OEM.Rajiv Kaul, Executive Vice Chairman, Chief Executive Officer and Whole-time Director of CMS Info Systems, said: "This application can run on any ATM across the world and helps in fraud prevention.The solution is cost-effective in the back-end and low cost in the front-end.

""The biggest saving is the reduction of fraud, no requirement of a call centre, and restricted access to data and premises," he said.He noted that the company has deployed Algo on 52,000 ATMs in India.rrb/sn/vd .