Wincor Nixdorf was a German corporation that provided retail and retail banking hardware, software, and services. Wincor Nixdorf was engaged primarily in the sale, manufacture, installation and service of self-service transaction systems (such as ATMs), retail banking equipment, lottery terminals, postal terminals, software and services for global financial and commercial markets.
Following Wincor Nixdorf's IPO in May 2004, KKR and Goldman Sachs sold all of their shares. In total, KKR received over €685 million, broken down into €160 million in dividends in 2004, €225 million (two-thirds of stock market proceeds) in 2005, and €300 million in sales proceeds, also in 2005. During the five years that the Company was owned by KKR and Goldman Sachs, the number of employees at Wincor Nixdorf increased from 3,400 to 6,300.[4]
In October 2015, Wincor Nixdorf’s cashless Payments unit was carved out of the group and started trading independently under the name of AEVI. On August 15, 2016, through the merger of Wincor Nixdorf and Diebold Inc., Diebold Nixdorf was formed as the succeeding international technology and services company.
History
Founded by Heinz Nixdorf, Nixdorf Computer was formed in 1952. In 1990, the company was purchased by Siemens AG and renamed Siemens Nixdorf Informationssysteme.[5] The company was re-focused exclusively on its current product, set in 1998, and renamed Siemens Nixdorf Retail and Banking Systems GmbH. Following a buyout by Kohlberg Kravis Roberts and Goldman Sachs Capital Partners on October 1, 1999, the company was renamed Wincor Nixdorf. The company was taken public May 19, 2004, with a successful IPO. On November 8, 2006, Chief Executive Officer Karl-Heinz Stiller announced his resignation from the Board of Directors. Eckard Heidloff was elected as his replacement.[6]
Corporate relationships
IBM
Following the end of the InterBold partnership in 1997, IBM eventually entered into a re-distribution arrangement with Wincor Nixdorf. IBM sells and services Wincor Nixdorf machinery in several countries in the Americas.[7]
Security issue
On July 12, 2016, the media reported that at least 34 ATMs belonging to the Taiwanese First Commercial Bank[zh] had been hacked via a Malware heist. Over 70 million Taiwan dollar (equivalent to 2 million USD) had been withdrawn illegally. The ATMs had been manufactured by Wincor Nixdorf.[8] According to the investigative authority, the international criminal hacker group used mobile devices instead of bank cards to activate the cash-withdrawal process.[9] Security experts from the company were sent to investigate the security breach.[10] At the time of the incident, there were approximately one thousand cash machines of this same type in use in Taiwan. A detailed investigation into the vulnerability began immediately.[11]
On July 17, 2016, Taiwanese authorities declared the case to be solved. The hacker group was found to consist of 16 people from Russia, Romania, and Latvia.[12]
An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff.
Siemens Nixdorf Informationssysteme, AG (SNI) was formed in 1990 by the merger of Nixdorf Computer and the Data Information Services (DIS) division of Siemens.
Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services or research. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.
Diebold Nixdorf is an American multinational financial and retail technology company that specializes in the sale, manufacture, installation and service of self-service transaction systems, point-of-sale terminals, physical security products, and software and related services for global financial, retail, and commercial markets. Currently Diebold Nixdorf is headquartered in the Akron-Canton area with a presence in around 130 countries, and the company employs approximately 23,000 people. Founded in 1859 in Cincinnati, Ohio as the Diebold Bahmann Safe Company, the company eventually changed its name to Diebold Safe & Lock Company. In 1921, Diebold Safe & Lock Company sold the world's largest commercial bank vault to Detroit National Bank. Diebold has since branched into diverse markets, and is currently the largest provider of ATMs in the United States. Diebold Nixdorf was founded when Diebold Inc. acquired Germany's Wincor Nixdorf in 2016. It is estimated that Wincor Nixdorf controls about 35 percent of the global ATM market.
KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strategic partners, hedge funds. As of December 31, 2022, the firm had completed more than 690 private equity investments in portfolio companies with approximately $700 billion of total enterprise value. As of December 31, 2022, assets under management (AUM) and fee paying assets under management (FPAUM) were $504 billion and $412 billion, respectively.
GE Capital is the financial services division of General Electric.
CEN/XFS or XFS provides a client-server architecture for financial applications on the Microsoft Windows platform, especially peripheral devices such as EFTPOS terminals and ATMs which are unique to the financial industry. It is an international standard promoted by the European Committee for Standardization. The standard is based on the WOSA Extensions for Financial Services or WOSA/XFS developed by Microsoft.
Nixdorf Computer AG was a West German computer company founded by Heinz Nixdorf in 1952. Headquartered in Paderborn, Germany, it became the fourth largest computer company in Europe, and a worldwide specialist in banking and point-of-sale systems.
Kotak Mahindra Bank Limited is an Indian banking and financial services company headquartered in Mumbai. It offers banking products and financial services for corporate and retail customers in the areas of personal finance, investment banking, life insurance, and wealth management. It is India's third largest private sector bank by market capitalisation after HDFC Bank and ICICI Bank. As of 31 March 2023, the bank has a national footprint of 1,780 branches and 2,964 ATMs.
Nixdorf may refer to:
Teller Assist Units (TAU), also known as Automatic Teller Safes (ATS) or Teller Cash Dispensers (TCD), are devices used in retail banking for the disbursement of money at a bank teller wicket or a centralized area. Other areas of application of TAU include the automation of starting and reconciling teller or cashier drawers (tills) in retail, check cashing, payday loan / advance, grocery, and casino operations.
Goldman Sachs Asset Management Private Equity is the private equity arm of Goldman Sachs, focused on leveraged buyout and growth capital investments globally. The group, which is based in New York City, was founded in 1986.
China International Capital Corporation Limited is a Chinese partially state-owned multinational investment management and financial services company. Founded in China in 1995, CICC provides investment banking, securities and investment management services to corporations, institutions and individuals worldwide.
CB Bank is one of Myanmar's oldest and largest commercial banks. It became the first bank in Myanmar to issue ATM cards and credit cards. The bank, led by U Khin Mg Aye (Chairman) and U Kyaw Lynn (CEO) has over 200 branches across the country.
Carbanak is an APT-style campaign targeting financial institutions, that was discovered in 2014 by the Russian cyber security company Kaspersky Lab. It utilizes malware that is introduced into systems running Microsoft Windows using phishing emails, which is then used to steal money from banks via macros in documents. The hacker group is said to have stolen over 900 million dollars, from the banks as well as from over a thousand private customers.
Lazarus Group is a hacker group made up of an unknown number of individuals, alleged to be run by the government of North Korea. While not much is known about the Lazarus Group, researchers have attributed many cyberattacks to them between 2010 and 2021. Originally a criminal group, the group has now been designated as an advanced persistent threat due to intended nature, threat, and wide array of methods used when conducting an operation. Names given by cybersecurity organizations include Hidden Cobra and ZINC or Diamond Sleet. According to North Korean defector Kim Kuk-song, the unit is internally known in North Korea as 414 Liaison Office.
The Bangladesh Bank robbery, also known colloquially as the Bangladesh Bank cyber heist, was a theft that took place in February 2016. Thirty-five fraudulent instructions were issued by security hackers via the SWIFT network to illegally transfer close to US$1 billion from the Federal Reserve Bank of New York account belonging to Bangladesh Bank, the central bank of Bangladesh. Five of the thirty-five fraudulent instructions were successful in transferring US$101 million, with US$81 million traced to the Philippines and US$20 million to Sri Lanka. The Federal Reserve Bank of New York blocked the remaining thirty transactions, amounting to US$850 million, due to suspicions raised by a misspelled instruction. As of 2018, only around US$18 million of the US$81 million transferred to the Philippines has been recovered, and all the money transferred to Sri Lanka has since been recovered. Most of the money transferred to the Philippines went to four personal accounts, held by single individuals, and not to companies or corporations.
Dridex, also known as Bugat and Cridex, is a form of malware that specializes in stealing bank credentials via a system that utilizes macros from Microsoft Word.
GreenSky, Inc. is a financial technology company founded in 2006 based in Atlanta, Georgia. The company provides technology to banks and merchants to make loans to consumers for home improvement, solar, healthcare and other purposes. Financing for GreenSky credit programs is provided by federally-insured, federal and state-chartered financial institutions. From 2012 to 2016 nearly $5 billion had been lent through GreenSky credit program. In September 2021, Goldman Sachs announced to acquire GreenSky for about $2.24 billion and completed the acquisition in March 2022. Goldman Sachs announced it would sell the business at a loss in 2023.
Andreas Walter Mattes is a German businessman. He served as the president and chief executive of Diebold, an ATM and security company until December 2017. Mattes is currently the President and CEO of Coherent Inc., as well as member of the Board of Directors.
This page is based on this Wikipedia article Text is available under the CC BY-SA 4.0 license; additional terms may apply. Images, videos and audio are available under their respective licenses.
