The Changing Face of Cash Management

Cash management is changing as cash moves from being a core business for commercial banks and retailers to being a cost centre. Today’s cash management companies (CMC), such as Loomis, are changing their ‘offer’ to that of ‘cash-as-a-service’ rather than just offering traditional cash-in-transit (CIT) cash services.

The goal is to move cash from being a logistical headache into a predictable, measurable, and even optimisable asset for banks and retailers based on organising a mix of hardware, software and services around CIT, cash management services (CMS) and digital platforms.

Loomis is particularly active in Sweden, Norway, and other European markets, in many of which banks have aggressively closed branches and outsourced cash entirely. As a result, cash management solutions are being tightly integrated into banking ecosystems so that Loomis, and companies like it, are less of a generic logistics vendor and more a quasi-infrastructure partner.