The information below pertains to the 2017 Europe Cash Cycle Seminar (ICCOS) Sponsor Breakout Meetings.
While the rare forceful external attacks on your cash center may be spectacular and dangerous, they can easily be forgiven; however, internal errors or fraud always count against the cash management responsible. Better managing your internal risks is the focus of this session: Let’s look into how to manage these risk sources better – across people, processes and information in cash operations. It is not about guns and armored glass: It’s about how a well-integrated and sufficiently automated cash operations environment helps to reduce and manage risk better. Case studies illustrate how using software, supported by IT security solutions, one-touch logistics, automated sorting and material handling increase the security of a cash center.
A staggering volume of data is generated daily at an amazing pace from a variety of platforms, applications, processes and ubiquitous devices. The emergence of a new social sharing culture with social media platforms such as Facebook, Twitter and Uber, which cuts across different demographics, coupled with the ushering in of the Internet of Things (IoT) era will further increase the rate of data generation. This is also true for the cash industry, where the availability of banknote data from different sources in the cash cycle allow staggering and so far unavailable insights allowing Central Banks a completely new basis for decision making in developing new banknote series, to supervise their commercial cash sector or to optimize their own day-to-day cash center operations.
(CLOSED TO COMPETITORS)
Cash processors use varying amounts of automation in their processes and automation in general is on the increase. But what does automation actually mean? This breakout session will set out to answer this question and explore the different ways in which automation can increase efficiencies, reduce cost and ensure consistency and control. You will hear about automation using hardware, software and a combination of both, and an evaluation of the effectiveness of each.
(CLOSED TO COMPETITORS)
Easy access to cash - anywhere, anytime, around the clock and across the network is one of the most significant trends in retail banking today. But the hidden costs of cash management are very significant. In addition to tangible cost savings and improvements to cut down on those hidden costs, financial institutions are looking to transform their branch processes and add automated cash recycling devices to shorten the cash cycle. By classifying deposits, cash recycler ATMs are partly replenished by the consumer and re-distribute cash on the spot. Managing this new kind of cash cycle requires new, sophisticated optimization solutions to plan just-in-time cash service schedules exactly to demand. This Breakout demonstrates how True Cash Cycle Management lives up to the promise to integrate delivery processes and transform branch cash management.
As the rate of change continues to accelerate within the financial services industry and banks are forced to cope with regulatory changes, increased competition and fluctuating interest rates, there is mounting pressure to deliver greater operational efficiencies alongside first class customer service. During this session Iain Gibson, Head of ATMs at Sainsbury’s Bank, will share an insight into the journey the Bank has taken in order to optimise the management of its ATM estate. From effective cash management to advice on best practice principals for the future, discover more about how one of the UK’s busiest ATM networks is successfully managed.
As Central Banks and their commercial partners increasingly look to outsource note processing, how do they maintain visibility of the quality and authenticity of notes in the cash cycle? Innovia Systems has developed a range of solutions that enable organizations involved in banknote recirculation or policy enforcement to assess the authenticity of notes and also establish the quality of notes in a consistent manner at both a regional and national level.
The introduction of new substrates, such as polymer, and the enhanced security features they bring means the capability of many traditional detection technologies are no longer state of the art. To address this, Innovia Systems has developed a range of detection devices for central banks, commercial processors, and retailers that provide quick and easy identification of suspect banknotes and thus reduce the impact of counterfeiting at all points in the cash cycle.
The majority of cash handling businesses today still rely on traditional methods of cash management that are low value, high risk, and high cost. Such companies can dramatically improve the efficiency and accuracy of their cash management processes by leveraging technology to implement a complete cash management solution. Today’s intelligent cash management systems have been proven time and time again in markets around the world to improve cash management processes and to give managers more time to focus on the rest of the needs of their operation. Cash handling businesses as well as cash-in-transit (CIT) companies and the financial institutions serving them have achieved significant benefits and savings by embracing this technology.
A major challenge faced by all retailers is how to ensure currency received is deposited safely in a bank account, as the management of cash is particularly vulnerable to a variety of interceptions – deliberate or accidental – which can have a negative impact on businesses.
Methods used to divert cash from its rightful repository range from theft by shop staff, snatch-and-grabs from tills, and break-ins at premises where cash is stored in tills.
G4S has recently broadened the scope of its cash solutions by developing CASH360™, the first innovative integrated end-to-end cash management system that controls every stage from cash payment to depositing into bank accounts.
More than you may think! In today’s world data is everything but more than that, data analytics is key to supporting a business strategy as well as protecting existing investments. Knowing how to use data is the key to unlocking a successful and innovative business. Whether you’re a small or large financial institution, a Cash-In-Transit, or even a Central Bank, your business model and costs are always changing. Find out how you can stay ahead of the game with the right Cash Management solution working for you.
(CLOSED TO COMPETITORS)
Cost of cash is usually one of the most important operational cost factors for the cash supply in ATMs and cash recyclers. Due to the prolonged low interest rates in the Euro zone, costs of cash are almost approaching zero. This situation changes the focus of a cost optimal management of cash machines: cheap cash allows the use of ATM cash capacities to extend up to the limits, while at the same time costs of transport, cash preparation and cash counting may be reduced significantly. Besides that, an increase in ATM administration efficiency moves into the focus of cost reduction. This presentation will give an overview of ATM costs and cost reduction potential, especially during low interest periods.
Ram raids, explosives and gas attacks are well known problems with multiple solutions. Spinnaker will be sharing their 31 years of experience in cash security by looking at solutions to eliminate internal losses from ATMs. Losses are experienced even with localised CCTV. Losses occur whether cash replenishments use bank staff or CIT crews alike. Spinnaker will look at how to eliminate all losses of any nature.