Cash Balance Optimization Using AI & Big Data

Garanti BBVA has developed software using Big Data and Artificial Intelligence (AI) to manage its cash logistics. Alper Sayin, Head of Cash Planning and Operations, has written about his experience introducing this software and how they are using it.

Why Big Data?

Garanti BBVA is the second largest private bank in Turkey and its Cash Planning & Operations Department manages its cash logistics and cash processing in-house. Cash services are provided to 7,216 service points (branches, off-site ATMs and retail points) via a fleet of 255 armoured vehicles and 45 cash centers. The different dynamics of its 911 branches, located all over the country, create a wide range of variables and unique cash flows. In addition, to increase the accuracy of the predictions, the bank uses historical data for all of the routines, seasons and customer transactions.