Automatic teller machine (ATM) is a device that allows to carry out multiple activities associated with bank or financial institutes besides cash dispensing. ATM machines are becoming an indivisible part of modern day economy and one of the most reliable & referred sources for cash transaction.

The global insurance technology market is growing proficiently, projected to grow at a CAGR of 36.7% during the expected period from 2019 to 2027, starting from US$ 1.28 Bn in 2018. Innovation through new technologies is a key driver of change in the financial sector which will further lead to immense adeptness gains, with initial accomplishment by doubt and uncertainty. In the coming years, innovations coupled with new technological developments, is likely to drive the demand for insurance technology globally, owing to expedite delivery of services and lower transaction cost.