World Banknote Summit 2018

Immersion Session : Managing a new banknote series project

The creation of a new banknote series is a complex and demanding undertaking. The requirements of many different stakeholders need to be taken into account, and numerous challenges along the project timeline need to be circumnavigated. In this immersion session, central banks will share their experience when they set out to create a new banknote series. Challenges encountered during the project and hands-on solutions will be discussed. This session is designed for delegates who are managing or will manage a new note series project. Ample opportunities to engage with the speaker and the audience will be given in this session.

Maha Bahou

Executive Manager - Payment systems and domestic banking operations and financial inclusion dept

Central Bank of Jordan

Maha Bahou holds a master's degree in banking and finance and has an overall experience of 30 years in different management positions. In 2016, she completed the “Leadership in Financial Inclusion” program from Fletcher School - Tufts. She is a certified assessor of the European Foundation for Quality. CGAP Board member, Karandaz Board member. In early 2014, she joined BMGF's (DFS) Platform Enablers group.

Shadow economy, e-payments, and cash: a view on the Jordanian payment landscape

To promote a better livelihood for the people in Jordan, the government and the Central Bank of Jordan have started several initiatives. Among others, they implemented financial inclusion projects, and introduced e-payment policies (e.g. electronic payment of wages and social security benefits, humanitarian cash assistance programs) along with robust and secured infrastructure, aiming to reduce the shadow economy and increase government revenues. Cash in many cases is a cause , but also a consequence of the shadow economy, and should be addressed by means such as government controls or reduction of the administrative burden, to incentivize informal companies to register their activity. This presentation will give an inside view on different forms of payments seen from the Central Bank of Jordan’s perspective.

Anton Bleikolm

Chairman of the Board of Directors

Orell Füssli Holding

Swiss-Austrian double citizenship, born 1949.

Qualifications: Studies of Organic Chemistry at the Technical University in Graz, Masters Degree and PhD.

Significant professional employment and functions:

1973 - 1976 Technical University Graz, Institut for Organic Chemistry, Assistant Professor

1976 - 1980 Hoechst Ltd,Graz, Research Chemist, synthetic polymers and automotive coatings

1980 - 1991 SICPA S.A., Research 1991 - 2000 SICPA S.A., Technical Director

2000 - 2010 SICPA S.A., Managing Director

2010 - 2012 SICPA Group, Chief Operating Officer and Head Security Ink Division

2012 - 2014 SICPA Group, Strategic Advisor to the CEO and Chairman

Since 2014: Owner and Chairman AFB-Engineering & Services, Ecublens

Immersion Session: Managing a new banknote series project

The creation of a new banknote series is a complex and demanding undertaking. The requirements of many different stakeholders need to be taken into account, and numerous challenges along the project timeline need to be circumnavigated. In this immersion session, central banks will share their experience when they set out to create a new banknote series. Challenges encountered during the project and hands-on solutions will be discussed. This session is designed for delegates who are managing or will manage a new note series project. Ample opportunities to engage with the speaker and the audience will be given in this session.

Ann Börestam

Adviser, Market Integration Division

European Central Bank

Ann Börestam, Adviser Market Integration, European Central Bank, is coordinating work related to retail payments and financial integration. She has been intensely involved in retail payments innovation and the legal aspects of payment integration. Before joining the ECB, Ann worked for the Swedish Bankers’ Association, the Swedish Ministry of Industry and the Swedish ACH, Bankgirot. Ann has a Master of Law Degree from Stockholm University.

Instant payments - a complement or a competitor to cash?

The SEPA Instant Credit Transfer scheme was launched in November 2017, and more and more payment service providers are joining up and offering instant payment services to their customers. The ECB supports the development of instant payments as a basis for further innovation in the retail payments market. This presentation will cover the current state of play of instant payments in Europe, focusing in particular on the development of innovative end-user solutions for various use cases. It will address the benefits such solutions could have for end-users and the potential impact on their payment behaviour.

Sven Büsselberg

Executive Director Europe

Oberthur Fiduciaire

A trusted partner and global security expert serving its clients since 1842, Oberthur Fiduciaire is one of leading private security printers in the world, now serving 70 countries. Oberthur Fiduciaire is a specialist in the design and production of banknotes, associated security features, and secure documents. Oberthur Fiduciaire’s know-how and expertise, integrity and trust, have long been recognized by central banks and governments across the world. The company is headquartered in Paris and two manufacturing sites in France and in Bulgaria.

Immersion Session: Creating a new banknote series - A partnership approach

When Norges Bank set out to create the new note series, it was clear to the bank that they wanted to establish a partnership with a capable supplier to tackle the challenges ahead. To work well, partnerships need to be well organized and managed, with clear responsibilities in the different project phases. This immersion session discusses how a central bank and printer can organise a cooperation to work their way through the various phases of the project based on the experiences from Norges Bank and its chosen partner Oberthur Fiduciaire. It also sheds light on the difficulties that had to be overcome, and gives a first-hand account of the new note series project. Ample time for discussions with the audience will be available. This immersion session is designed for executives dealing with new banknote series, and could serve as blueprint to other central banks for similar projects.

Sandipan Chakraborty

Founder and CEO

Sonect

Disrupt or get disrupted – relevance of cash 20 years from now

Death of cash has so far been hugely exaggerated. Most of the global consumer payment still relies heavily on cash. But for how long? Will the mobile and tech savvy next generations ditch cash for digital payment? How can we reduce the “cost of cash” for banks and retailers such that cash logistics never becomes a burden to either of them? How can an entire industry around cash survive and stay relevant for decades to come? Sonect, one of the top fintech companies from Switzerland, believes the answer lies in blurring the gap between physical and digital world.

Ioannis Chatziantoniou

Specialist/forensic expert

Europol (European Union Agency for Law Enforcement Cooperation)

Ioannis began his career in the Greek Police in 1990 and has worked since 2005 as a forensic examiner in the Greek National Central Office at the Hellenic Forensic Science Division. Since 2007, he has been leading the Greek National Analysis Centre (GR NAC). In 2010, he was seconded to Europol, initially a team member of the focal point Soya, which targets euro counterfeiting; the last 5 years is employed as an expert at the Europol forensic laboratory part of EC3 Cybercrime Centre.

As the European Union law enforcement agency, Europol supports its Member States in preventing and combating all forms of international serious crime and terrorism. Europol strives to support the MS by delivering a unique set of operational services for the European Union and envisions to becoming its principal: support centre for law enforcement operations, criminal information hub, and centre for law enforcement expertise

Successful euro counterfeiting investigations - Challenges of the Darknet

Cases of successful euro counterfeiting investigations supported by Europol in the past years will be presented, aiming to stress the difficulties and challenges that law enforcement faced to achieve a successful outcome; in the second part of this presentation, the challenges brought by the use of the Darknet by criminals involved in counterfeiting and sourcing of raw materials will be addressed.

Caroline Coelsch

Project Manager Online- and Mobile-Payment

EHI Retail Institute

Caroline Coelsch, Project Manager Online- and Mobile-Payment at EHI Retail Institute, deals with payment topics, developments and trends in the German E-commerce Market. Ms Coelsch is responsible for the annual EHI Online-Payment Study and the Online- and Mobile-Payment workshop for EHI members. She is part of the Payment Systems Research Department and has also gathered experience on payment topics at the Point of Sale (POS). Hence, at the World Banknote Summit 2018, she will report on the research of Card-Based Payment Systems focusing on developments and trends in this field.

Payment topics, developments & trends in the German retail sector

The presentation gives an overview of results based on the recent study “Kartengestützte Zahlungssysteme im deutschen Einzelhandel 2018” (Card- Based Payment Systems in German Retail Industry 2018) and will address the most important payment topics from the perspective of EHI Retail Institute. Questions that will be covered are: Which payment options are offered to customers at the POS? What are benefits and drawbacks of these options? Which role plays cash and what other types of payment methods evolve in the German market? Are cryptocurrencies a valid payment alternative or just a hype? What are expectations towards Instant Payments?

Jonathan Dharmapalan

CEO

eCurrency Mint

eCurrency Mint Limited enables central banks to issue digital fiat currency to operate alongside notes and coins. eCurrency has pioneered the world’s first end-to-end solution for digital fiat currency issuance and circulation. The technology combines hardware, software, and cryptographic security protocols to provide central banks the tools they need to preserve their charter and doctrine as the sole issuer of the national currency.

Digital Fiat Currency, the alternative to physical fiat currency

Many nations are discussing the future of cash. Central Banks are studying their role in the digital evolution which will allow them to continue to regulate and fulfill their fiscal responsibilities. Banknotes are a sovereign legal tender issued solely by the Central Bank. Their digital equivalent must also follow the currency laws of the nation. There now exists a technological solution that enables central banks to issue a digital fiat currency instrument that can be transacted in existing networks and payment systems. In this presentation we will discuss how eCurrency’s technology provides a secure and efficient digital instrument whose sovereignty can be ensured and validated.

Trond Eklund

Special Adviser

Norges Bank

Immersion Session: Creating a new banknote series - A partnership approach

When Norges Bank set out to create the new note series, it was clear to the bank that they wanted to establish a partnership with a capable supplier to tackle the challenges ahead. To work well, partnerships need to be well organized and managed, with clear responsibilities in the different project phases. This immersion session discusses how a central bank and printer can organise a cooperation to work their way through the various phases of the project based on the experiences from Norges Bank and its chosen partner Oberthur Fiduciaire. It also sheds light on the difficulties that had to be overcome, and gives a first-hand account of the new note series project. Ample time for discussions with the audience will be available. This immersion session is designed for executives dealing with new banknote series, and could serve as blueprint to other central banks for similar projects.

Martin Etheridge

Head of Notes Division

Bank of England

Yohann Goulhot

Project Manager

Oberthur Fiduciaire

A trusted partner and global security expert serving its clients since 1842, Oberthur Fiduciaire is one of leading private security printers in the world, now serving 70 countries. Oberthur Fiduciaire is a specialist in the design and production of banknotes, associated security features, and secure documents. Oberthur Fiduciaire’s know-how and expertise, integrity and trust, have long been recognized by central banks and governments across the world. The company is headquartered in Paris and two manufacturing sites in France and in Bulgaria.

Immersion Session: Creating a new banknote series - A partnership approach

When Norges Bank set out to create the new note series, it was clear to the bank that they wanted to establish a partnership with a capable supplier to tackle the challenges ahead. To work well, partnerships need to be well organized and managed, with clear responsibilities in the different project phases. This immersion session discusses how a central bank and printer can organise a cooperation to work their way through the various phases of the project based on the experiences from Norges Bank and its chosen partner Oberthur Fiduciaire. It also sheds light on the difficulties that had to be overcome, and gives a first-hand account of the new note series project. Ample time for discussions with the audience will be available. This immersion session is designed for executives dealing with new banknote series, and could serve as blueprint to other central banks for similar projects.

Chris Hanan

Partner

Webrepublic

Chris Hanan is a Partner at Webrepublic. In this role he advises global senior management teams in the areas of strategic marketing, transformation, strategy and analytics in the digital space. He has more than 20 years experience in the technology space with a specific focus on B2B, Industrials, Sports and Financial Services. Mr. Hanan majored in international marketing and holds an MBA from Harvard Business School.

Digital Communication for Central Banks - Beyond the Website

Whilst traditional communication channels like ads, fliers, videos, radio & tv spots and publications on their website have become familiar tools to interact with the public, many Central Banks feel insecure when it comes to effectively communicating in the digital sphere. How to reach the right stakeholders, craft the right message and adapt this message to the various channels such as social media networks like facebook, twitter or YouTube? How does a broader digital communication approach impact Central Banks' communications? What are the dos & donts? Chris is an expert in this area, and he shares his vast experience with us, illustrated with practical live cases.

Stefan Hardt

Director General Cash Management

Deutsche Bundesbank

Dr. Stefan Huch

Head of Payments & Blockchain D/A/CH/NL

Capgemini Invent

Capgemini Invent is the Global Strategy and Transformation Consulting brand of the Capgemini Invent Group. Capgemini Invent specializes in advising and supporting enterprises in significant transformation, from innovative strategy to execution and with an unstinting focus on results. With the new digital economy creating significant disruptions and opportunities, a global team of over 3,000 talented individuals work with leading companies and governments to master Digital Transformation.

The development of cash versus non-cash payments

The World Payment Report is an in-depth analysis of today´s dynamic payments environment. The report studies the growing demand for value-added services coupled with structural changes in the financial industry that are forcing banks and industry participants to build a new payments ecosystem collaboratively. WPR also analyzes the evolution of next-generation payment instruments, and the role of cash in this future payment landscape.

Eric Lam

Production Manager

Hong Kong Note Printing Limited (HKNPL)

Production of the 2018 Series Hong Kong Dollars Banknotes

A new series of Hong Kong Dollars banknotes, the 2018 Series, will be launched in July 2018. The series includes 15 banknote designs, i.e., 5 denominations for each of the 3 Note-issuing Banks of Hong Kong. This presentation covers the preparation works of and challenges encountered by the Hong Kong Notes Printing Limited in the production of the 2018 Series.

Heike Mai

Senior Economist: Banking, Financial Markets, Regulation

Deutsche Bank AG

Why would we use crypto euros?

The rise of cryptocurrencies and the decline in cash payments are the background for a new concept : digital cash issued by central banks. Several central banks are working on projects related to this topic. This presentation will take a user’s perspective. Why would consumers use such digital cash instead of existing alternatives? The presentation will assess the potential advantages and disadvantages of digital cash including the possible impact on the use of physical cash.

Henrique Matsinhe

Director Currency Issuing Department

Banco de Moçambique

Henrique Matsinhe joined the Banco de Moçambique in April 1995 as economist in the Currency and Banking Operations Department and in 2003 was appointed Assistant Director for the Currency Issuing Division in the same Department. In 2003, he was appointed to conduct the National Currency Reform that resulted in the introduction of the new family of Metical (Name of the national currency) in 2006. From 2006 to 2014 he was a director of the Currency and Payment Systems Department and during this period conducted in parallel the process of establishing the Mozambique Interbanking Society - The Single card and electronic payments processing platform that is live since June 2011. From 2015 to March 2018 he was director of the Maputo Branch and from April 2018 Director of the Currency Issuing Department.

How to increase circulation efficiency - and what role plays financial inclusion in cash circulation in Moçambique

The Banco de Moçambique has observed an increasing demand for banknotes in the past years. The efficient management of the notes in circulation is crucial, to supply the enconomy with the required note quantity on time, whilst keeping the cost of circulation as low a possible. At the same time, the financial inclusion of all members of society is equally vital to the economy. This presentation will shed light on how the Banco de Moçambique copes with these challenges in a demanding environment.

Lachlan McDonald

Technical Services Manager

CCL Secure

Lachlan McDonald has over 22 years of international experience in banknote substrate and print. Over this time Lachlan has worked for Portals Ltd, De La Rue Currency, and for the past 12 years CCL Secure. Lachlan is currently on the regional management team responsible for CCL Secure’s technical support in Europe, Africa, Middle East and Canada.Lachlan McDonald holds a Bachelor in Chemistry from University College, London University, and is also a business graduate from the University of Melbourne. He currently lives in Zurich Switzerland

CCL Secure is the supplier of Guardian™, the world's most advanced banknote substrate which has been issued on more than 55 billion banknotes. The company is a trusted partner to central banks worldwide who use Guardian™ polymer substrate to transform their currency’s performance via dramatically lower counterfeits, greater durability leading to significant cost savings, a cleaner note handling experience for the public, and 100% recycling of used banknotes.

The evidence of polymer note performance

In an industry with little research around product design, use, performance and future trends, how do we assist users of Banknotes in their decision making? Data driven outcomes in a future Banknote market which is facing greater scrutiny in terms of cost, environmental impact, confidence and convenience will help cash remain a popular choice. But what evidence is there around polymer banknote performance? This presentation will present some of PolyTeQ’s research collected over the past eleven years covering nearly all circulating conditions, to identify the important factors impacting on polymer banknotes performance across different metrics and even try to define the meaning of life!

171121 Hansjoerg NAUMER Allianz Global SW 200 227

Hans-Jörg Naumer

Global Head of Capital Markets, Thematic Research, Contributing author to "Wirtschaftliche Freiheit"

Allianz Global Investors

Hans-Jörg Naumer joined Allianz Global Investors in 2000 and is Global Head of Capital Markets & Thematic Research. The focus of his work is on analysis relating to strategic and tactical allocations, specific investment opportunities and the identification of long-term investment trends. Furthermore he is the “European Hub” of the US-based Allianz GI Center of Behavioral Finance. He publishes i.a. at "Ökonomenstimme" & "Wirtschaftliche Freiheit".

Martin Novak

Directorate Banknotes

European Central Bank

Martin has held a number of positions in different areas of the ECB's Directorate Banknotes since 1999, covering inter alia Communication, Issuance & Circulation and Banknote Security matters. He was the Secretary of the Banknote Committee (BANCO) of the European System of Central Banks for several years. Between 1997 and 1999 he worked at the European Commission and was responsible for the co-ordination of information activities on the euro with EU Member States. Before that, he was Secretary General of the Working Group for Small and Medium-Sized Enterprises (SME-Union) at the European Parliament. He holds a Master’s Degree in Law from University of Vienna and wrote his thesis about commercial law at Universidad Central de Caracas / Venezuela.

The new €100 and €200 banknotes

The ECB unveiled the new €100 and €200 banknotes on 17 September 2018. The €100 and €200 banknotes are the last two denominations of the Europa series of euro banknotes. Both high denomination banknotes contain new and innovative security features. This presentation takes a look at the two new denominations and provides details about respective changes.

Michel Popovic

Sales Manager

IN-CORE Systèmes

IN-CORE Systèmes is a Front-line player in banknotes and passport production. Involved in ultra-security paper inspection since 2003. The inspection systems have allowed manufacturers to manage more efficiently quality standards, waste reduction and optimal yield. The system guarantees 100% production monitoring, through continuous control and global traceability at each process step.

Quality as a fundamental requirement for the acceptance and the functioning of banknotes

The consistent quality of banknotes is crucial for their acceptance by the public and their proper functioning in circulation. The definition, implementation and monitoring of measurable quality standards in the production process is paramount in achieving this objective. This presentation looks at these aspects from different angles, and provides guidance and practical recommendations on how to manage issues related to banknote quality control during the production process and the final validation stage.

Grazyna Rafalska

Head of Product Managers Division

Polish Security Printing Works

Grazyna Rafalska has gathered almost 20 years of experience in the security printing industry working for Polish Security Printing Works (PWPW). A printing engineer also holding an executive MBA, her entire career has been dedicated to the selling & marketing of security documents, printed materials and banknotes. For over 10 years, she has been creating, developing and managing the PWPW export sales, cooperating directly with clients from Europe, Latin America and Asia. She was responsible for launching export projects at PWPW. Her knowledge of the product functions and technology helps her to advise clients optimally and deliver top-quality, tailor-made products. Grazyna is currently Head of Product Management & Sales Support at PWPW. Her role is to understand the customer and market needs, to focus on new products and services and to steer R&D activities and implement new strategies for PWPW product & services development.

PWPW has been implementing projects which are strategic for state security and the good of the citizens since 1919. The company offers security products of the highest quality in the world, solutions which are commonly employed both by customers both at home and abroad. The products include banknotes, documents, stamps, cards and IT systems, so the company can provide comprehensive, end-to-end solutions to its customers. A modern machinery park, own paper mill, design studio, printing house, personalisation centre, electronic certification centre, R&D unit and skilled IT personnel - all these areas of PWPW contribute actively to its excellence in trust and security services. The company executes contracts for governmental institutions. PWPW products are found in Europe, Asia, Africa and the Americas.

Various approaches to banknote design – case studies on circulation, commemorative and house notes

There are different reasons for creating a new or upgrading an existing banknote design – sometimes it is to test a new substrate or security features, in other cases, the designer’s goal is to commemorate important events or outstanding individuals and their role in the history of the country and its citizens, or it can be the development of the functionality of banknotes in circulation. The key cause always defines the process of banknote design that should be adopted. This presentation focuses on the various approaches to banknote design with reference to case studies on circulation, commemorative and house notes.

Benoît Renault

QHSE and Engineering Director

Oberthur Fiduciaire

Having graduated with a master of science in environmental and industrial engineering from a French engineering school, EME, in partnership with the University of Coventry, Benoît RENAULT started his career as Health Safety and Environment manager on industrial plants. His missions covered various areas such as chemistry for Elf Atochem 1998 – 2000, agrifood for Terrena 2000-2002 and lenses for Carl Zeiss Vision 2002-2008. The goal was to impulse new dynamic integrated environmental, health and safety in the management system with the challenge to increase performance. During his posting, he developed different solutions on each plant to optimize the quality, productivity and environmental impact of processes, drawing on ideas from different areas, to create efficient innovation. One of these innovations developed for Carl Zeiss Vision won the Silmo d’Or Environment award receiving a special mention for its contribution to Sustainable Development in the Environment-Manufacturing Process category. In 2008, Benoît joined Oberthur Fiduciaire as Quality Health Safety Environment Manager. Over the course of his first 8 years, Benoit has successfully integrated ISO 14001, OHSAS 18001, ISO 50001, ISO 37001 and customer requirements in a unique management system based on 7 axes , security, costumers, productivity, health and safety , environment and anti-bribery. Since 2017 as QHSE and Engineering Director, also in charge of facilities and engineering, he has integrated a global sustainable approach, EARTH 365, throughout the organization bringing all staff members on board. This has involved widening the spectrum, developing a sustainable management system based on ISO references with total transparency for customers in accordance with the values of Oberthur Fiduciaire.

A trusted partner and global security expert serving its clients since 1842, Oberthur Fiduciaire is one of leading private security printers in the world, now serving 70 countries. Oberthur Fiduciaire is a specialist in the design and production of banknotes, associated security features, and secure documents. Oberthur Fiduciaire’s know-how and expertise, integrity and trust, have long been recognized by central banks and governments across the world. The company is headquartered in Paris and two manufacturing sites in France and in Bulgaria.

Sustainable management System: EARTH 365

After the ambitious meetings & agreements made in Paris (COP21) and Marrakech (COP22) related to climate change, Oberthur Fiduciaire decided to take its responsibilities to be the change that we want to see in the world. Oberthur Fiduciaire is permanently striving to improve its procedures and products while constantly being aware of its impact on the environment, its consumers and employees, the communities where it operates, its shareholders and suppliers. To achieve this goal, Oberthur Fiduciare, in accordance with its historical values: expertise, trust, innovation, respects and integrity, has developed a sustainable management system based on international ISO standards and a holistic integrated approach.This presentation will focus on the total commitment of Oberthur Fiduciaire towards its sustainable management system, EARTH 365. In partnership with our customers we will develop their specifications to contribute to the implementation of measures consistently in line with human and environmental stakes. Our commitment is not only to meet the requisites but also to go beyond with ambitious social and environmental policies.

Bram Scholten

Senior Policy Advisor

De Nederlandsche Bank

Bram Scholten serves on the staff of DNB’s Cash Policy Department. He has been a member of the ESCB’s Banknote Committee from 2000-2010. In 2011/12, he chaired BANCO’s taskforce that prepared its so-called ‘Cash2020’ report. Most recently, he chaired the taskforce of the Netherlands National Payments Forum on the future of cash. Bram joined DNB in 1980, worked at the IMF and the ECB, and held positions at DNB as deputy head of the monetary and economic policy department and head of the statistics department. He has a master's degree in economics and law.

Cash in the Netherlands: decline in progress

The use of cash in the Netherlands has been declining in past years. At the WBS 2017, Bram Scholten gave a first-hand account on how the DNB is addressing the challenges related to this decline. This presentation gives and update on what has happened since, and how the Netherlands are responding to the continuing decline in the use of cash.

Jelena Stapf Deutsche Bundesbank SW 200 227

Dr. Jelena Stapf

Head of Cash Payment and Cash Strategy Division

Deutsche Bundesbank

Jelena Stapf studied economics at the Universities of Bielefeld, Cologne, Paris and Kiel. She joined the Deutsche Bundesbank in 2000 and has been a senior economist of the capital markets group in the economics department. From 2015 to 2017 she took over responsibility for organising the German G20 Presidency from the part of the Bundesbank. Since 2018 she heads the Cash Payments and Cash Strategy Division.

The bright and dark sides of cash

Despite one or the other is singing swan songs on the use of notes and coins, physical cash still is in great demand as a means of payment and a store of value in many countries around the world. I discuss the available evidence on illicit cash uses - sometimes called the dark side of cash - and the economic cost of making cash payments. Privacy, security, inclusiveness and reliability constitute some of the advantages of using cash and are therefore introduced as the bright side of cash. Weighing the arguments I conclude that cash will play a role in the future of money.

Armin Stöckli

Head of Algorithms for Banknote Processing / R&D

CI Tech

Armin Stoeckli has an engineering/scientific background. Actually he is head of the algorithm R&D-team for authentication and fitness sorting at CI Tech. Other interests are cost-effective sensors for banknote processing. He has intense collaborations with other industries and government agencies regarding new machine readable features and banknote design.He has been working for CI Tech Sensors AG since 2007. Before he worked for industries in R&D, quality assurance and government in radar procurement. Armin Stöckli holds a diploma degree of Physics and a PhD of natural sciences (ETH Zurich).

Switzerland-based CI Tech Sensors AG is a specialist in producing banknote validators based on full image sensor technology. These sensors are used in ATMs, Cash Recycling Machines, retail and table top sorters. They are installed worldwide and templets for more than seventy currencies are supported. CI Tech Sensors AG, former BEB Industrie-Elektronik AG (founded 1981), is now hold by Diebold-Nixdorf AG (majority) and Giesecke & Devrient GmbH

Automated note inspection: the crucial role of sensors

Banknote circulation is becoming increasingly automated, with sensors playing an important role in the cash cycle. From small tabletop devices to complex industrial note inspection solutions, sensors deliver the data for banknote counting, authentication and fitness sorting. Their performance and reliability are vital for the detection of counterfeits and unfit notes, and they are key to maintaining a consistent fitness level of the banknotes in circulation. The result is a high level of trust in banknotes and the cash cycle. Inadequate sensors could create havoc.This presentation looks at the role of sensors in the cash cycle: What are installed sensors capable of today, and what are their limitations? What impact do sensors have on the selection of machine readable features, note design & specification, to ensure efficient and trustworthy note circulation?

Alberto Torfer

Printing works Director

Banco de México

Alberto Torfer is an industrial engineer by profession and holds a master's degree in engineering in management and manufacturing systems. He has been involved in diverse projects at the Banco de México printing works for the past 21 years. In 2014 he was appointed Printing Works Director, in this position his main task is to maintain banknote quality while also increasing operational productivity. The biggest challenge that he and his team face is the construction and commissioning of a second printing works in Mexico.

New printing works and the new banknote series in Mexico

This presentation focuses on two strategic multiannual projects that make the provision of banknotes to the mexican economy more efficient, ensure the business continuity and increase the security and durability of the banknotes. A first-hand account of the challenges during the construction and incommissioning of the new printing plant will be given : which items deserve special attention, what worked well, and what could be improved? The second part describes the creation of the new banknote Series, elaborating on the various aspects of the project, the key decisions that had to be made, and the presentation of the final result.

Immersion Session: Setting up a new security printing plant - the inside view

Building a new banknote printing plant is a journey larded with plenty of challenges: choosing the right location, having the building designed and engineered, putting together the project management team, planning time and resources, and executing the project successfully, in time and within the given budgetary framework. The Banco de México embarked on this journey and has successfully inaugurated a new banknote printing plant in summer of 2018. Alejandro Alegre will look back and give a first-hand account of the journey, the obstacles that came up and the solutions that were found. This immersion session is meant for management executives who are or will be entrusted to implement a project of similar scope and complexity.

Peter Vesco

VP Payments & Digital Commerce

DieboldNixdorf International GmbH

Diebold Nixdorf, Incorporated (NYSE: DBD) is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. The organization is headquartered in North Canton, Ohio, USA. Visit www.DieboldNixdorf.com for more information.

Payment in Europe facing major changes: cash on the decline

Alternative Payments (non-scheme-card, PSD2 payments) continue to take market share as consumers demand choice. Google, Apple, Facebook, Amazon & Co. enter the payments arena as do large Chinese powerhouses (Wechat and Alipay). “Hybrid” consumer behavior drives business models, omni-channel is the new normal and the proliferation of end-to-end mobile payment methods will further fight cash. Fintech 2.0 provides more mature and integrated use cases for consumers and more attractive business models for retail. Leading issuers are pushing mobile payments based on barcode and QR-code. Completely new products and use cases emerge, driven by regulation (PSD2, instant payment), technology (blockchain, AI, IOT) and the “sharing economy” (P2P).

Paul Wilson

Director General

British Iranian Chamber of Commerce

Immersion Session: Digital fiat currency

Many nations are discussing the future of cash. Central Banks are studying their role in the digital evolution which will allow them to continue to regulate and fulfill their fiscal responsibilities. Banknotes are a sovereign legal tender issued solely by the Central Bank. Their digital equivalent must also follow the currency laws of the nation. There exist technological solutions that enable central banks to issue a digital fiat currency instrument that can be transacted in existing networks and payment systems. This immersion session sheds light on the challenges and the opportunities inherent to digital fiat currencies, discusses technical requirements, and provides thought-provoking insights and practical guidance on this complex topic.

John Winchcombe

Managing Director

3C Advice (Currency and Cash Cycle)

Immersion Session: Creating a new banknote series - A partnership approach

When Norges Bank set out to create the new note series, it was clear to the bank that they wanted to establish a partnership with a capable supplier to tackle the challenges ahead. To work well, partnerships need to be well organized and managed, with clear responsibilities in the different project phases. This immersion session discusses how a central bank and printer can organise a cooperation to work their way through the various phases of the project based on the experiences from Norges Bank and its chosen partner Oberthur Fiduciaire. It also sheds light on the difficulties that had to be overcome, and gives a first-hand account of the new note series project. Ample time for discussions with the audience will be available. This immersion session is designed for executives dealing with new banknote series, and could serve as blueprint to other central banks for similar projects.

Alexandra Wrage

President and Founder

TRACE International, Inc.

The fine line between good intentions and bribery

Navigating the grey areas of bribery can be difficult for employees and third parties. This presentation will offer guidance on how organizations can help employees understand what kinds of requests are inappropriate, how to decline requests without damaging the relationship and why compliance is important. Using case studies, the speaker will highlight what can go wrong when the line between good intentions and bribery is crossed and what companies can do to stay on the right side of the law.

Lydia Yip

Head of Currency and Settlement Division

Hong Kong Monetary Authority

Public Engagement programme for the HK 2018 new series banknote

In launching the 2018 new series banknote, the Hong Kong Monetary Authority engages social media, mobile apps and treasure hunt games to arouse public awareness and easy recognition of the new security features.

Immersion Session : Managing a new banknote series project

The creation of a new banknote series is a complex and demanding undertaking. The requirements of many different stakeholders need to be taken into account, and numerous challenges along the project timeline need to be circumnavigated. In this immersion session, central banks will share their experience when they set out to create a new banknote series. Challenges encountered during the project and hands-on solutions will be discussed. This session is designed for delegates who are managing or will manage a new note series project. Ample opportunities to engage with the speaker and the audience will be given in this session.

Samson Yuen

Director and General Manager

Hong Kong Note Printing Limited (HKNPL)