KAL

In 1989, software engineer Dr. Aravinda Korala founded KAL in Edinburgh, Scotland. The company's focus was to create multivendor software for ATMs, allowing banks to use a single standardized software across different ATM hardware manufacturers. This was a novel approach in an industry where software was typically tied to the hardware it ran on. The core of KAL's offering is the Kalignite software suite, which enables banks to manage their entire ATM network from a central point, reduce operating costs, and roll out new functionalities faster. This hardware-agnostic software allows financial institutions to avoid costly and disruptive hardware upgrades that are often required for compliance. Their product suite covers everything from the application layer to remote management and transaction processing. Over the years, KAL has grown to be a leading global provider of ATM software, with its products used in over 100 countries by major banks like Citibank, UniCredit, and HSBC. While remaining privately held for most of its history, the company has engaged in strategic partnerships to expand its reach. A significant event occurred in June 2025, when The Brink's Company, a global leader in cash management, made a strategic investment in KAL. This partnership aims to combine Brink's operational services with KAL's software to advance ATM Managed Services, offering a comprehensive solution for financial institutions worldwide.