The organisers of The Future of Cash 2016 are delighted to confirm that the conference will be opened on 11 April by Alain Gerbier, Director of the Cash Department at Banque de France.
A Global Cash Strategy
In his opening address, he will present the Bank's global cash strategy and offer details of its ambitious modernisation plans for its cash operations, which include a new national cash centre at La Courneuve in Île de France, near Paris, at a cost of approximately €95 million.
This site is on former industrial wasteland and will enable the work previously carried out at four centres in the Paris region to be consolidated on a single four hectare site. According to the Bank, it will be one of the most secure and automated cash centres in Europe – counting, sorting, storing and recycling up to one billion notes per year in an automated process supported by robots.
The Cash Management Directorate will also be housed at the 25,000 m² site, which will employ 100 people when it opens in 2018 (compared to 150 today).
The Bank plays a centralised role in cash circulation, and will continue to do so. But the network of cash centres is being reduced from over 70 to under 40 by the end of the decade.
Those that remain are being modernised and automated with new equipment as part of a broader strategic plan, with a target completion date of 2020 to reconfigure cash operations to provide more efficiency and visibility.
In addition to the new centre at Ile de France, another automated cash centre has also been created in Lille, while the cash centre in Chamalieres (where the Banque de France printworks is located), is to be expanded to support the national banknote handling framework.
The opening presentation will set the scene for two days of new perspectives on cash, with central banks, financial institutions, retailers and suppliers hearing from 20 respected cash professionals on new ways to manage cash more efficiently through new strategies and technologies - in order to create cash cycles that are fit for the needs of today - and tomorrow.
Read the 2016 programme for full details of this year's presenters
How to reserve your place
See who is confirmed to attend already