Delivering Cash Cycle Resilience and Efficiency

As published in our sister publication Currency News™, Giesecke+Devrient (G+D) held its Currency Technology Symposium 2023 in July in Munich, the main themes of which were resilience, hyper-efficiency and sustainability within the cash cycle and generally the role of cash in today´s world.

According to G+D, an important part of resilience is having in place strong technology cash infrastructure, along with appropriate redundancy and back-up for the unexpected. At the same time the cost of cash must be kept on a level so that commercial banks and merchants choose to use it. Digitisation, standardisation and automation in cash processing are key to delivering this.

G+D uses the term ‘hyper-efficiency’ to describe the combination and integration of these activities to optimise the cash cycle.