Newly-created ATM giant Diebold Nixdorf is embarking on a massive online brainstorming effort, inviting people from outside the financial services industry to help it come up with new products and services for the digital age.
Formed earlier this year through the $1.8 billion merger of two of the world's biggest cash machine manufacturers - America's Diebold and Germany's Wincor Nixdorf - the new company is aiming to stay relevant in the era of digital banking.
With this in mind, it has launched a crowdstorming programme, tapping into the Jovoto platform, which gives firms access to a community of more than 80,000 creative professionals from a host of industries.
Diebold Nixdorf is asking the community to "think outside the box" and come up with ideas for its initiative, dubbed 'rethinking services and consumer touchpoints in the financial industry'.
Jovoto members have until 18 October to pitch their ideas, which will be judged by executives and experts from banks and fintech firms, with up to 17 efforts sharing a $23,500 prize pool.
Andy Mattes, CEO, Diebold Nixdorf, says: "Together with the jovoto community, we are seeking groundbreaking concepts that rethink consumer touchpoints at a time when basic financial transactions are becoming increasingly commoditized and technologies like virtual reality will become commonplace."