Financial Systems Corp.

What Financial Systems Corp. does

Financial Systems Corp. (FSC) is a privately-held, founder-led financial equipment dealer and solutions provider headquartered in Naperville, Illinois, serving financial institutions (banks and credit unions) and retailers across 12 U.S. states. The company sells, deploys, integrates, and services a portfolio of cash-management and self-service banking hardware — including ATMs, Interactive Teller Machines (ITMs), Teller Cash Recyclers (TCRs), Smart Safes, cash and coin processing equipment, security and video surveillance systems, and drive-up banking infrastructure. Notable technical elements include core-banking system integration for ITMs with video transaction and cash-recycling capability, modular/upgrade-ready equipment architecture, and integrated surveillance for loss prevention and compliance. FSC also bundles its hardware with ongoing maintenance, supplies, and partnerships with regional cash-in-transit providers to deliver full cash-handling coverage for retail clients.

FSC operates a consultative, relationship-driven sales-led go-to-market model, anchored by VP of Sales Art Diaz and founder/President Peter Cucinello, executing direct field sales through five regional offices (Naperville IL, Sussex WI, Davenport IA, Irving TX, and a Carney MI warehouse). Revenue is generated through hardware sales of ATMs/ITMs/TCRs/Smart Safes, professional services (installation, maintenance, supplies, alarm services), and managed-service partnerships (cash-in-transit). Pricing is quote-based with multi-year enterprise contracts rather than standardized tiers. The company serves 3,804 customers, has completed 19,025 branch transformations, and supports 29,945 installed ATM/ITM units. Distribution is supplemented by a Partner Program enabling third-party resellers and referral partners, and marketing is primarily website- and referral-driven rather than broad digital advertising. The firm remains independently owned under Peter Cucinello's leadership with no disclosed institutional investors, acquisitions, or capital-raise events.

Name

Financial Systems Corp.

Legal name

Financial Systems Corp

Website

https://financialsystemscorp.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Financial Systems Corp. is a privately-held, founder-led financial equipment dealer and solutions provider headquartered in Naperville, Illinois, selling and servicing ATMs, ITMs, Teller Cash Recyclers, Smart Safes, cash/coin equipment, and security systems for banks, credit unions, and retailers across 12 U.S. states.

Ownership category

akta.pro rank

Product category

Banking and Retail Cash Management Equipment

akta.pro primary industry

Cash & Coin Processing / Cash Centers (FSAMAOAF)

akta.pro secondary industry

Branch & In-Person Banking (Teller/ATM Networks) (FSABAAAE)

Keywords

• Cash management equipment
• ATM solutions
• Teller cash recyclers
• Smart safe solutions
• Banking automation

Headquarters

HQ city

Naperville

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. ATM/ITM Hardware Sales and Deployment: Sale and deployment of ATMs, Interactive Teller Machines (ITMs), and related self-service banking equipment. Includes modular, upgrade-ready solutions with flexible deployment options for financial institutions and retailers.
2. Teller Cash Recycler (TCR) Solutions: Sales of teller cash recycling equipment for both financial institutions and retailers. TCRs help improve efficiency, enhance cash security, and reduce transaction times.
3. Smart Safe and Cash Management Equipment: Sale of smart safes for automated cash handling, reconciliation acceleration, and improved accountability in retail environments.
4. Service and Maintenance: Ongoing maintenance, support, and service for ATM/ITM equipment, coin machines, currency counters, drive-through systems, teller cash recyclers, and other equipment. Includes alarm services.
5. Supplies: Sale of essential supplies for ATM and cash processing equipment to ensure uninterrupted operations.
6. Cash-In-Transit Services: Partnership with regional cash-in-transit providers to deliver responsive, personalized cash management solutions for retail clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Financial Systems Corp. sells, deploys, and services cash management and self-service banking hardware for financial institutions and retailers, including ATMs, Interactive Teller Machines (ITMs), Teller Cash Recyclers (TCRs), Smart Safes, cash and coin processing equipment, security and video surveillance systems, and drive-up banking infrastructure. The company integrates these systems with banking cores and provides ongoing maintenance, supplies, and service contracts across 12 U.S. states.

Product overview

Financial Systems Corp. is an end-to-end solutions provider offering a unified portfolio of cash management and banking technology products for financial institutions and retailers. The core product suite includes ATMs, ITMs, Teller Cash Recyclers (TCRs), Smart Safes, Cash & Coin Solutions, Security & Video, and Drive-Up Banking solutions. These products work together to provide comprehensive cash handling, security, and customer service automation across bank branches and retail locations. The company also offers service/maintenance support and a partner program, enabling nationwide deployment through multiple offices across 12 states while supporting 3,804 customers, 19,025 branch transformations, and 29,945 installed ATM/ITM units.

Differentiator

Problem solved

Functional benefit

Products and services

• ATMs (Automated Teller Machines) Self-service automated teller machines providing cash dispensing and deposit capabilities with multiple denomination dispense, modular design, and upgrade-ready architecture for both retail and financial institution clients.
• ITMs (Interactive Teller Machines) Video-enabled interactive teller machines offering video transactions, cash recycling, and core integration capabilities, enabling financial institutions to optimize FTE transaction costs, reduce video utilization, and expand market reach.
• Teller Cash Recyclers (TCRs) Cash automation devices that recycle incoming cash to optimize cash flow, improve operational efficiency, enhance deposit security, and reduce transaction times for both retail and financial institution environments.
• Smart Safes Automated cash management safes that strengthen cash controls, improve accountability, accelerate reconciliation, reduce shrink, and deliver measurable operational value through advanced automated reconciliation features for retailers.
• Cash & Coin Solutions Cash and coin processing solutions providing accuracy, efficiency, and reliability for front-line customer service and high-volume back-office processing operations.
• Drive-Up Banking Solutions Drive-up lane solutions enabling customers to manage financial transactions from their vehicles, providing accessibility for parents, seniors, people with disabilities, small business owners, and busy professionals.
• Security & Video Solutions Integrated surveillance solutions providing high-reliability video monitoring that helps protect assets, customers, and employees while strengthening loss prevention and enhancing compliance across operational environments.
• Cash In Transit Services Regional cash-in-transit provider partnerships delivering responsive, personalized service and operational flexibility with local expertise and stronger customer relationships for retail clients.
• Service & Maintenance Comprehensive service and maintenance support for ATM/ITM equipment, coin machines, currency counters, drive-through systems, and teller cash recyclers including alarm systems and supplies.

Quantifiable outcome

• Reduced checkout transaction times through cash automation technology
• +4 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Regional Cash-In-Transit ProviderscoreStrategic or Co-development PartnerFSC partners with regional cash-in-transit providers to deliver higher level of responsiveness, personalized service, and operational flexibility for retail clients. Local expertise enables faster support and stronger customer relationships tailored to specific market and operational needs.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Brink's US: Brink's provides US cash-in-transit, smart safe, and cash management services for retailers and financial institutions. It competes directly with FSC's CIT partnership and smart safe offerings in the same retail cash management market.
• Loomis (US): Loomis is a major US cash-in-transit and cash management services provider for retailers and banks. FSC partners with regional CIT providers to deliver cash management solutions to retail clients, making Loomis an adjacent services competitor and partner in the same FSC commercial solutions motion.

Direct peers

• GLORY Global Solutions: GLORY (formerly Fujitsu Frontech North America) supplies cash recycling, cash processing, and coin handling equipment for banks and retailers globally. Its TCR, coin, and currency counter portfolio overlaps directly with FSC's teller cash recycler and cash & coin solutions lines.

Others

• KISAN America (Hyosung brand): KISAN America is a cash automation and ATM solutions provider in the US, integrated with the Hyosung brand. It overlaps with FSC's teller cash recycler and ATM deployment offerings for retail and bank channels.

Emerging players

• Genmega Inc. Genmega manufactures retail ATMs and self-service kiosks distributed through US dealers and integrators. It competes as a lower-cost OEM in the same retail ATM channel that FSC serves through its commercial solutions business.
• Nautilus Hyosung (Retail): Nautilus Hyosung manufactures retail ATMs, TCRs, and self-service devices and competes in the same retail ATM and cash automation categories as FSC's commercial solutions business.
• Sesami: Sesami provides software and orchestration for branch transformation, ITM, and cash management workflows for financial institutions. FSC's VP of Sales previously led at Sesami, and Sesami sits adjacent to FSC as a software/workflow partner and competitor for branch modernization budgets.

Broad incumbents

• Hyosung America: Hyosung America is a large ATM and ITM manufacturer serving US financial institutions through dealer and direct channels. FSC's VP of Sales previously held leadership roles at Hyosung America, and Hyosung competes as an OEM supplier in the same ATM/ITM product category.
• NCR Atleos: NCR Atleos is a leading global manufacturer and service provider of ATMs, ITMs, and branch self-service technology. It is the most direct OEM competition for FSC's ATM/ITM hardware lines, and FSC resells and integrates comparable platforms into US financial institutions and retailers.
• Diebold Nixdorf: Diebold Nixdorf is a major global provider of ATMs, ITMs, teller cash recyclers, and branch banking hardware and software. It competes head-to-head with FSC on ATM/ITM and cash recycler deployments for banks and credit unions in the US.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/financialsystemscorp
• LinkedInlinkedin.com/company/financialsystemscorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Financial Systems Corp.