Cash Management Companies – Part of the Solution?

60 people met in Jakarta at the end of September last year for a summit by the Asian Cash Management Association (ACMA). They came from a range of stakeholders across cash cycles in the region, including central banks, Cash Management Companies (CMCs) and commercial banks.

This was an important meeting both because of the importance of Asia and because the voice of organisations managing cash beyond cash centres is so seldom heard.

Highlights

Three points from the summit were:

• While there are differences between countries, there are also important similarities in their cash markets
• Collaboration between central banks, commercial banks and CMCs is necessary to ensure the success of cash
• CMCs should be regarded not just as a way to reduce costs through outsourcing, but as trusted partners capable of managing ‘brown label’ ATM networks, cross-selling cash between banks and holding central bank extended inventory. They have much to offer.