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Below are the details of the programme from the 2017 event.

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The 2017 Programme

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Wednesday 4 October 2017

Time    

  9:00 - 9:15  

Guillaume Lepecq

Opening remarks

 

Setting the Scene

 

9:15 - 9:40

Stefan Augustin, OENB    

The Austrian Cash Cycle

  • The ever-growing demand for euro cash in Austria since its introduction in 2002 is in part due to consumer preferences.
  • In line with Eurosystem principles, one of OeNB’s key tasks is to provide Austrian businesses and consumers with high quality, secure cash.
  • Brief introduction to the Austrian approach to cash logistics featuring the public private partnership GSA and its benefits for the Austrian market.

9:40 - 10:05

Ton Roos, ECB    

Cash demand in the Euro Area

10:05 - 10:30

Leif Veggum, Central Bank of Norway

The importance of central bank money as an alternative to private money

  • Cash is getting less used, and cash services are getting less available

  • Why is cash still important?

  • Measures to arrange for the availability of cash

10:30 - 11:00

Q&A

 

11:00 - 11:30

Coffee Break

 

 

The Utility Model - Does it work?    

 

11:30 - 11:55

Günter Ernst, GSA

Cash – C.ommon A.sset S.mart H.andled

  • Digitalisation influences the use of cash and changing volumes and values require higher efficiency

  • New technologies enable ways to create higher productivity and security

  • End-to-end processes in the cash cycle improve the business case of cash usage

11:55 - 12:20

Peter Wesenberg, NOKAS

Local recycling – problem or opportunity?

  • Brief introduction to the Norwegian Cash Cycle

  • Trends in the Scandinavian cash handling market

  • The need for new delivery- and business models

12:20 - 12:40

Q&A

 

12:40 - 14:00

Lunch

 

 

Improving the Efficiency of Cash

 

14:00 - 14:25

Barnabas Ferenczi, Giesecke & Devrient

Cash data analytics: future-proofing of cash 

  • Connected systems all along the cash cycle, provide access to a variety of data and analytics tools using artificial intelligence 

  • New insights to the life cycle of banknotes and enhanced controls become possible 

  • Experience how applying today’s industry standards and technologies like big data analytics allow smarter decisions on the future of cash

14:25 - 14:50   

Meritxell Serra Sanz, Santander Bank

The cash supply chain in commercial banks

  • Introducing Santander Cash Supply Chain

  • Challenges that we are facing

  • The Future: innovation and opportunities to collaborate with other parties

14:50 - 15:15

Alper Sayin, Garanti Bank

How much does your cash cost? – Efficiency projects with the central bank of Turkey

  • Current situation & cost of cash in a market with high interest rates

  • Project CMS (Cash Management System)  - An infrastructure that allows commercial banks to deposit money to CB faster

  • Project DCMS (Decentralized Cash Management System) – Future project that will allow commercial banks to process and keep money on behalf of the CB

  • Outcome and profitability analysis of the projects

15:15 - 15:45    

Q&A

 

15:45 - 16:15   

Coffee Break

 

 

Improving the Cash Cycle

 

16:15 - 16:40

Leonor Machado, Caixa Geral de Depositos

Efficiency in the cash cycle – still space to improve?

16:40 - 17:05

Thierry Lebeaux, ESTA

Inefficiency of Cash: Fatality or Deliberate Strategy

  • Cash outflow is very efficient. Cash inflows can be substantially improved as there are very specific and clearly identified sources of inefficiencies in this part of the cash cycle

  • Cash is not free for users – they pay for the cash they use: therefore 1) they need to keep access to cash and 2) they are entitled to a better service  from those who are paid for offering cash services (standardisation and investments)

  • If cash is not a profitable business for some operators, they should leave it to others. But they should not restrict access to cash and promote their own alternative payments to cash instead

17:05 - 17:30

Franz Seitz, Weiden Technical University of Applied Sciences

Abolishing cash, negative interest rates and the banking system

  • The welfare effects of cash abolition

  • Cash abolition and the future of banks

  • Negative interest rates and banks

17:30 - 17:55

Q&A

 

Thursday 5 October 2017

       

Time    
  Understanding Cash Usage  
8:30 - 8:55 Victoria Cleland, Bank of England Forecasting future banknote demand
  • Forecasting demand is an inherently complex problem
  • Identifying drivers of demand and modelling statistical forecasts
  • Determining the capacity and infrastructure requirements
  • The need for flexibility
8:55 - 9:20 Nikolaus Bartzsch, Deutsche Bundesbank Cash usage and demand
  • Transactional balances of small denomination banknotes: findings from the introduction of ES2
  • Components of small denomination notes in circulation
  • Estimating external demand
9:20 - 9:45 Céline Blanchot, Glory King Cash: in cash consumers trust, but how do retailers make it pay?
  • In a highly sophisticated technology payment world, cash is still king
  • Cash should always be a reliable option within the Retail environment
  • How to optimise the cash management in store
9:45 - 10:10 Anne Lewis, Vaultex Social construction of the demand for payment methods in the UK
  • UK cash landscape
  • Discussion of the social factors involved with our choice at the till
  • Response of the UK cash industry to lower demand
  • Financial inclusion in the UK
10:10 - 10:30 Q&A  
10:30 - 11:00 Coffee Break  
  Understanding Cash Usage  
11:00 - 11:25 Heike Mai, Deutsche Bank Cash, freedom and crime – Use and impact of cash in a world going digital
  • Despite a growing role of electronic payments, demand for cash is on the rise in Europe 
  • Physical cash limits the power of monetary authorities, provides data protection and can therefore act as a guarantor of civil liberties
  • Cash is often associated with a stronger shadow economy 
  • The shift towards a cashless society seems to trigger higher levels of card fraud
11:25 - 11:50 David Fagleman, UK Cash Services Down but not out: Understanding the changing role of cash in society
  • The role of cash in the payments landscape is changing
  • Cash use remains strong in many European countries
  • Understanding the drivers behind why people choose cash, where they spend it and how they acquire it
  • The UK research programme to support the Bank of England, Royal Mint, CIT providers and financial institutions
11:50 - 12:15 

James Sherpherd-Barron, Disaster Management Consultant

 

The future of humanitarian cash transfers
  • Overview of humanitarian cash
  • Case studies (Nigeria and Lebanon)
  • Utility of cash in disaster settings
  • Payments challenges (cash, vouchers and digital payments)
  • Role of the private sector
12:15 - 12:35 Q&A  
12:35 - 13.50 Lunch  
  Putting Cash to Work  
13:50 - 14:15 Sameer Dubey, Barclays Bank

Is cash a profitable banking product?

14:15 - 14:40 Evangelos Kontomitros, Piraeus Bank Shifting the cash cycle model in Greece - the role of deposit devices
  • Towards the optimization of the cash cycle
  • Could Deposit Devices contribute to this effort?
  • What are the advantages and the concerns pertaining to its use?
  • Could this be an ideal solution for reducing cash processing efforts and expenses for the Bank?
14:40 - 15:15

Gerben Van Wijk, International Currency Association (ICA)

Keeping Cash Viable

  • A united effort against a misinformed policy proposal
  • Outcomes of worldwide study on the connection between cash and crime/terrorism
  • Steps forward
15:15 - 15:35 Q&A  
15:35 - 16:05  Coffee Break  
  The Innovation Panel   
16:05 - 16:30 Sebastian Seifert, Barzahlen Cash payment solutions for the 21st century
  • Why cash? Is cash relevant in the future?
  • How to bring cash into the digital age
  • Innovating cash management processes
16:30 - 16.55 Achim Boers, Prosegur The return of the seal bag
  • How traditional seal bag deposit machines and software complements the roll out of recyclers in transformed bank branches.
  • Same day value for seal bags and how to deal with fraud and anti money laundering.
  • And supplementing Apple Pay with a virtual Cash Service Card.
16.55 - 17:20 Ron Delnevo, ATMIA

Innovation in the ATM Space