CFM, a cash automation software provider for the financial industry, is considered one of the fastest-growing companies in the United States by Inc. magazine, the firm recently announced from its base in Chandler.
Embracing CFM’s “hardware-agnostic approach” to integrating cash automation machines, banks and credit unions nationwide have contributed to the firm’s meteoric rise in the past three years.
"CFM is disrupting decades-old banking technology with patent-pending products that give bankers the tools they need to best serve their clients," CEO John W. Smith said. "Our record-setting growth is a clear indication that we're developing the right solutions at the right time in our industry."
With its flagship product, S4, CFM integrates teller platforms with every type of cash machine on the market in a niche market that gives bankers more options in the hardware they deploy. Using the company’s prototype, financial institutions can streamline operations to eliminate obsolete practices such as long teller lines, allowing staffers to assist clients whenever and wherever needed and achieving better consumer engagement.
"We're honored, and humbled, that the 'Inc. 5000' recognizes our incredible success. And we're just getting started," co-founder Nathan Moore said. Two new products, including a self-service kiosk, are slated to be released later this year.
To date, CFM has completed integrations on more than 5,000 cash machines in 225 financial institutions nationwide.