Vaultex Consulting Services: we make managing cash easier

Vaultex Consulting Services support central and commercial banks, retailers and cash management companies across the globe.

We help our clients manage their cash more effectively – optimising operations while maintaining a balance between security, efficiency, cost and service excellence.

Central Banks

We support central banks optimise their cash centres’ processing capacities and operational efficiency against global benchmarks.

Commercial Banks

We’ve helped commercial banks to streamline their cash processes, optimise their Cash-In-Transit and integrate new complex systems.

Retailers

We’ve helped retailers build a business case for automation and reviewed their back office processes to improve efficiency and save costs.

Vaultex Consulting Services Blog

May 13, 2020
Published by Vaultex Consulting on May 13, 2020
Categories

Managing Cash in the time of Covid-19

Covid-19 has presented the cash industry with an unprecedented challenge. It’s a scenario few would – or could – have planned for, and one that will […]
April 2, 2020
Published by Vaultex Consulting on April 2, 2020
Categories

Cash in the time of Covid

In this blog post, Vaultex Commercial Director Mark Trevor argues that we need to look at the evidence before we make any snap judgements on cash […]

Our Services

Our expertise across the end-to-end cash cycle has enabled us to develop and deliver bespoke solutions to Central Banks, Commercial Banks, Financial Institutions and Retailers. Depending on your specific challenges, Vaultex offers various levels of service – from overarching strategic advice, to operational transformation, to more tactical implementation. Every project is unique, so we’ll work with you to find the right approach to meet your specific objectives.

Strategic Consulting

Helping you prepare for the future by supporting your long-term strategic cash management goals.

Transformation and Optimisation

We’ll help you introduce and embed policies, procedures, software and equipment – turning theory in robust practice.

Implementation Support

Working with you to ensure that your people, processes and technology are all aligned and optimised.

Risk, Security & Audit Consulting

We provide organisations with the support they need to adopt world-leading risk and audit solutions and processes.

Our Approach

1

Discover

We work with our clients and stakeholders to understand their specific challenges and requirements – using our experience as the leading UK cash management provider
2

Recommend

We realize that one size doesn’t fit all. Vaultex works independently of any suppliers: so we’ll find or develop the right solutions for your needs.
3

Deliver

Our subject matter experts and project team have decades of combined experience, helping you deliver projects on time and on budget. And we’ll keep stakeholders informed throughout the process.

Expertise in Cash Centre Operations

Vaultex was formed in 2007 as joint venture between HSBC and Barclays.
We were tasked with transforming the inherited business to create a new efficient, secure and robust multi-bank cash processing operation, compliant with the Bank of England Note Circulation Scheme (NCS).

Helping a Central Bank reduce the cost of cash management

A major economy in the Middle East uses a segregated cash management operating model: of the 11 local banks, some have their own cash centres while others partially or fully outsource their cash operations. The country’s Central Bank wishes to establish a new multi-bank cash to increase the efficiency of the cash cycle.

Our Clients & Partners

  • Tim Allen | Director Cash and Self Service
    “Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia. With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 140,000 people. Barclays moves, lends, invests and protects money for clients worldwide. A key part of our success is to develop strategic partnerships with suppliers such as Vaultex, who are innovative, forward thinking, and provide valuable insight into the global markets. Their industry knowledge is deep and fundamental in supporting the evolution of our products and services, which continue to deliver significant benefits for Barclays and our clients. Vaultex has developed a team of knowledgeable and professional people, who have a positive, can do attitude which is crucial for embedding complex technological and operational projects for Barclays. Their reliability in delivering agreed services, and ability to respond quickly to change or operational challenges is another significant strength.”
    Tim Allen | Director Cash and Self Service
    Barclays Bank plc
  • Victoria Cleland | Former Director for Banknotes and Chief Cashier
    “As an NCS member, Vaultex helps the Bank deliver our objectives of ensuring a robust and cost-effective supply of cash throughout England & Wales, whilst maintaining public confidence in cash. As part of this Vaultex is subject to the Bank’s security standards, validated by independent, annual audit and separate site visits by Bank of England personnel.”  
    Victoria Cleland | Former Director for Banknotes and Chief Cashier
    Bank of England
  • Andrew Mills | Director of Circulating Coin
    “The Royal Mint truly believes in the value of a premium supply chain and our Supplier Awards demonstrate our commitment to working closely with our suppliers. It is fantastic that the contribution made by Vaultex has been recognised with these awards and I am thrilled that Supplier of the Year has been awarded to one of our key partners.”  
    Andrew Mills | Director of Circulating Coin
    The Royal Mint
  • David Oakley | Head of Information Technology
    “Vaultex’s approach and delivery was of an excellent quality and highly professional throughout. Their deep knowledge of cash automation in particular assured us that we would not leave any stone unturned when considering solutions, and their reports were clear, structured and very well presented. I would have no hesitation in recommending Vaultex to any other retailer who want to review their cash management.”  
    David Oakley | Head of Information Technology
    Hamleys of London

Contact us to discuss how we can help you with your specific cash challenges.