the risk management blog

byLowers & Associates | October 23, 2018

It’s no secret that Latin America has suffered its fair share of cyberattacks, but the extent of the damage might be worse than many have imagined. In a 2018 study of cybercrime by the Organization of American States (OAS),…

byLowers & Associates | September 27, 2018

The ITM (sometimes called VTM for video teller machines) has added a new dimension to modern banking. These machines take advantage of digital networking capabilities to expand the range of customer services that can be handled through remote machines,…

byLowers & Associates | September 20, 2018

Interactive Teller Machines (ITMs) offer new business opportunities to banks, and therefore to CIT carriers. A significant side benefit to the CIT carrier is the chance to take on an even bigger role in cash management in partnerships with…

byLowers & Associates | August 29, 2018

Interactive Teller Machines (ITMs) represent a major shift in CIT carriers’ operations and that entails an added set of risks. In a global sense, ITMs offer an opportunity to expand a portfolio of cash management services that can make…

byLowers & Associates | August 21, 2018

It was not too long ago that CIT carriers operated armored vehicles with armed guards carrying cash from one brick-and-mortar facility to another. With the introduction of Automated Teller Machines (ATMs) in 1969, the role of carriers changed to…