Central banks, banknotes and coins have existed for centuries. In the past few decades, however, profound changes have taken place in how central banks implement their role in currency management. This chapter from the book ''Banknote Management for Central Banks'' examines the strategic dilemma central banks face in choosing the best cash cycle model and central bank style for their country and introduces a new framework to map risk and cost management for various cash cycle models.
The way a casino handles cash is a significant measure of success for a gaming property. Undeniably, cash is the lifeblood of a casino and streamlining a casino’s cash handling process requires the right tools and partners. From soft count to cage operations, every dollar matters and needs to be maximized to its potential. The three step evaluation process outlined in this document serves as a playbook for casinos to increase their efficiency, security, and reduce cash handling errors.
Digitalization affects all sectors – and monetary transactions are no exception. But can digital money such as bitcoin really be considered currency? And how digital have traditional currencies already become? G+D provides answers for the payments of today and tomorrow. This White Papper presents various features of digital money and looks beyond digital forms of currency to explore alternative routes to more efficient electronic payment schemes.
Faced with the aggressive FinTech challenge, financial institutions are looking in new directions. What effect will emerging technology have on their business model? For cash transactions, digitalization posesno threat. Partly because G+D employs the latest technologies, such as artificial intelligence, which make cash more efficient in circulation and production.
Efficiency is less a question of productivity. Instead, it is the adequate handling of various forms of disruption. Those companies who are truly lean are best prepared. They understand the importance of cash, logistics and productivity for growth in a highly competitive market. G+D Currency Technology provides solutions for tomorrow’s cash logistics processes.
Countries, businesses, and technologies alike, they all rely on people’s trust. This basic feeling, however, is in acute danger because the world is changing in many ways. Therefore, security, confidence and risk-trust-management become the most strategic elements of entrepreneurial activity – especially when it comes to money. G+D provides answers and solutions for the payments of today and tomorrow.
Automation is not a simple transfer of tasks from man to machine. Its real power lies in the ability to fundamentally change traditional ways of working and operating. Examples from logistics show how far intelligent automation has already progressed, including the genesis of new business and operating models. Intelligent Automation can also be applied to cash logistics: G+D provides solutions for a cash center with the highest possible degree of automation and minimum interactivity between man and machine.
Data might be the oil of the twenty-first century. Just hoarding it, however, won’t turn into a unique selling proposition. Just as crude oil must be refined, raw data has to be processed. In the digital economy, only the ability to monetize data will give organisations a real competitive advantage. Of course, there are several ways to translate data into business insights, but at the bottom of it lies the enterprise’s data strategy. With its G+D Data Intelligence ® suite, G+D Currency Technology puts data into action. An approach, offering solutions that help to convert data into performance-driven results while turning insights into action and finally drive adoption.
The management of cash is an expanding market driven by growth in cash circulation, a rising safe and vault demand for cash management, and outsourcing of cash management services by financial institutions. Get exclusive insights like type of services and business segmentations, market shares and revenue growth rates and impacts of drivers and challenges