2023 Review

Neurocash will improve the design of the future banknotes. This neuroscience based methodology developed by the Banco de España and the LENI Institute of Universitat Politècnica de València will help issuing authorities to enhance the attractiveness and public engagement of new series.Traditional perception studies only retrieve inputs on the human conscious mental processes since they are based on explicit responses obtained through questionnaires and interviews. Nevertheless, there is much to be gained from the study of the unconscious mental processes. Neurocash will provide valuable insights into the visual interest, attention to certain areas, emotions, motivation, the mental load and the level of stimulation of the public when interacting with a banknote.
Neurocash is a new methodology for conducting innovative perception studies of banknotes based on the application of neuroscience and artificial intelligence that offers an objective and scientific understanding of the public perception of banknotes and security features.
Neurocash provides a wide range of benefits such as:
• Data-driven decision making on the best design,
• Informed choice of security features,
• Assessment of the anti-counterfeiting resilience,
• Improvement of the banknote production efficiency,
• Evaluation of effectiveness of the communication campaigns.
Neurocash advantages can also be complemented with the use of Virtualcash. This tool enables the creation of new banknote designs in a virtual environment.

Nowadays the question is raised many times “How long do we need cash anymore?”. The role of cash in daily life purchasing transactions is even decreasing almost in every European country, but on the other hand during the early waves of the Covid-19 crises the amount of circulating cash increased in every country and the same happened in Central Europe at beginning of the Russian-Ukrainian war. So, the role of cash is rapidly changing, its transactional function gets even meaningless, but cash as a value-storage tool, and as a resort in critical social situations is still needed by the public. This changes in cash demand means complex challenge to central banks how to forecast and on the other hand to the printingworks how to manage their production capacity. The presentation introduces the result of an economic research that analysed the key drivers of cash holding ratio in selected European countries. The key finding of this analyse is that social uncertainty, the cost of financial transactions and the predictability of institutional changes also affect on cash holding. According to this we can predict that demand and parallelly production need for high value banknotes will remain stable in the upcoming years, but the demand for low face-value notes is expected to shrink year by year in almost every European countries.

We are delighted to present on behalf of Banknote Factory of the National Bank of the Republic of Kazakhstan the 20 000 Tenge commemorative banknote issued in 2021 to mark the 30th anniversary of the Independence of the Republic of Kazakhstan. This commemorative banknote showcases the rich history, culture, and identity of Kazakhstan. Printed on a unique composite substrate called Durasafe, the banknote includes numerous security features that were used for the first time in a circulating banknote.
At the second stage, the design underwent slight modifications to integrate it into the regular series of banknotes. The revised banknote was issued in October 2022 and is now in circulation alongside other denominations.

The new version of the most famous red cover passport was launched on 31 October 2022. This presentation will focus on the design concept behind the new Swiss passport, as well as the story it wants to tell to its users.

Launching a new passport is no small feat. It requires a well-structured approach that only few manufacturers can provide, and close proximity with the customer to understand their needs. In this insightful presentation, IN Groupe’s expertise in secure documents conception will be illustrated with the new Seychelles biometric passport.

Many central banks report that people do not check their banknotes carefully enough. This is indeed a problem for currency issuers, and the basis of the counterfeiter’s business.The KINEGRAM optical platform from KURZ offers a security feature that gives the user the maximum opportunity to recognise the genuine note – and spot the fake one which does not bear the right feature – even when the user has no training or even any great interest in checking his or her money.
Durability in circulation is another key concern of banknote issuers. Conferences such as the HSPC EMEA are the venue for lively discussion on the merits of paper, durable paper, pre-and post-print varnish, polymer and composite substrates. A KINEGRAM security feature from KURZ offers proven durability in circulation on any substrate even in challenging environments.

In a world that becomes more and more digitised it is important not to forget the need for secure physical documents. This presentation will explore the future for physical documents and how to secure them.

Jura is a global brand name as a reputed supplier of the security printing market.Jura’s design software packages are in function at more than 100 governmental and licensed security printers worldwide. The new Corvina software family provides a complete solution for banknote and high-security design.
The Passport and national ID documents are the most important printed security products after banknotes. One of the revolutionary developments in this version would be the passport design module. The big question is: What is revolutionary?
In the presentation we try to give some hints about some of the possibilities, but we deliver a solution for all kind of challenges within the security pre-press from planning, design, imposition, quality control and much more.
ID document personalization
Jura is the global pioneer in supplying security solutions against photo-replacement on ID documents. Jura’s technology encodes invisible personal data into the portrait, directly linking the photograph both to the document holder and the document itself, be that the main ID image or a secondary one.
In the center of all the developments is the customer and this is not a marketing phrase this is the philosophy of the company. Hopefully in the presentation we give a hint what are we talking about.

With the development of quantum computers, the cryptography of today will have to adapt. For ID documents, cryptography is used to ensure citizen privacy, to verify the authenticity of a document and to provide secure access to government web services. To remain resistant against quantum computers and to secure future solutions, new cryptographic techniques called Post-Quantum Cryptography (PQC) must be developed. While the advent of quantum computers is uncertain, IDEMIA has already started working on this challenge. Standardization is a key element for the transition to PQC, and IDEMIA has been participating in committees that discuss urgent topics for ID documents. Having already developed a passport based on PQC algorithms to secure the biometric data stored in the chip, IDEMIA will present the status and the future direction of this technology.

At a time where digitalization is omnipresent in our daily-life, we are used to have everything ready and available at the instance. At the same time, there is an increasing awareness towards environment and the consequences of the climate change, that push the governments to act. These two trends apply as well to industries in general. High reactivity and sustainability are indeed expected from the banknote production. An efficient production needs flexibility and a quick response time. This is particularly true in pre-press. Our fully integrated solution is the answer to this requirement. On top, it relies on the latest technologies to provide, in the end, a sustainable plate-making.

G+D is well known for its products such as banknotes, passports, paper for banknotes and passports, security threads and foils, machines for banknote inspection and destruction, ID and payment cards. For many decades these products have been manufactured ‘in-house’ at G+D and Veridos production sites.It is less known that G+D and Veridos offer their production experience for other customers as well. This also includes security concepts and equipment for the physical and cyber security of production plants. Reference examples from previous years are a paper mill and foil production plant in Asia, cash centers in Asia, Africa and Europe, passport production plants in Middle and Far East and the lighthouse project of a banknote print works and cash center in Egypt.
For the many customers that now see the benefit of synergies and proximity between several production facilities, located in one big and well protected security compound, G+D is ready to assist!

Sustainability is becoming key for our world of today and many industries have already set benchmarks in their fields.
The banknote industry is committed to sustainability and emphasizes this towards their suppliers. But when it comes to the end of a banknote’s lifecycle, sustainability has been somewhat neglected so far.
The “Wheel of Destruction” provides details of how separation of substrates is mandatory in the destruction process; a profound analysis of a one- or two step shredding process unveils hidden energy saving potentials and a proper compacting solution supports the CO2 footprint for transportation. Smaller destruction units for a decentralized process might be the right solution when lower shredding volumes or geographical challenges are the driver.

To fight against counterfeiting and fraudulent attacks, we need to protect the new generation Identity Documents by different levels of security features integrated with one another. Different levels means that they must be overt, covert and forensic; but it also means that they must be visual, tactile and structural. The inner layers of an identity document (cards or passport) need to contribute effectively to guaranteeing the integrity and the authenticity of the document.Recently, many counterfeited documents have been intercepted with fake operating system, chip and inlay (containing the RFID antenna). We know that counterfeiting masterminds exploit every weakness of an identity document. Today, an inlay that does not bring any additional security features is a potential weakness. Inlays need to include security features and/or structural specificities, which will be combined to other level of security features and work harmoniously with the overall security design of the document. This presentation will illustrate different way to secure an ID document from its core to stay one step ahead of counterfeiters.

More and more governments aim to offer their citizens an easy and convenient way of using online services to prove their identity, cast their vote or apply for social benefits. Modern electronic identity systems are increasingly supporting these multiple purposes by using a single document with. As diverse as the possible applications are, so are the requirements on governing ID documents in the different countries. These demands for versatility call for innovative eID solutions.Veridos’ very own card operating system Sm@artCafé Expert 8.0 in combination with the Applet Suite 4.0 fully supports multi-purpose usage of a single document. While SmartCafé Expert 8.0 is the first card operating system that follows the strictest security standards of JavaCard 3.1 and Common Criteria EAL6+ to enhance the security of governments’ eID projects, Veridos’ Applet Suite 4.0 goes beyond. It comes with a configuration suitable for various standard requirements. However, country specific needs can easily be integrated as Applet Suite 4.0 is based on an open platform. With the support of Veridos’ experts, the development of additional customized applets is easy and convenient to integrate in existing systems. Governmental and non-governmental organizations benefit equally: declare taxes online, using e-signatures or managing commercial memberships at stores. The possibilities are endless.

A key requirement for today’s Government in Citizen Identity is to enable scalable hardware and software solutions that are also highly secure! Often building from one or two applications (ePasspot, eID) and then scaling with more features or entire documents utilising the same platform. This makes implementation simple, fast and easier to manage. Infineon will share its vision on how to address security and scalability challenges in citizen authentication in different environments: physical documents, digital identity and physical and logical access like for instance FIDO tokens and biometric authenticator devices.

Certificates, on which we rely to prove our identity, ownership, education, marital or any other status, in one form or another have been with us for a long time. The logical question to ask next is: are today’s certificates secure enough to rely on? And how can we make sure that a presenter of a certificate is actually its owner?
We at TECH5, an innovator in the field of biometrics and digital identity management, believe that this issue can be addressed technologically. That is why together with our partner Landqart AG, a manufacturer of secure substrates, we first designed a concept, and then developed a unique technology offering for certificate-based documents which are highly secure and durable, and biometrically verifiable against the holder. This innovation is based on Landqart’s Durasafe Certify® paper-polymer composite substrate and TECH5’s Digital ID technologies for issuance and offline verification of Digital ID.

During the conference, we would like to describe our concept and technology behind it that allows the issuing authority of any certificate in the EMEA region to secure it by providing the link between a document and its holder. We will be delighted to share examples of use cases and demonstrate a real certificate based on our partner technology with Landqart, run a live demo, biometrically verifying our speaker against his certificate in a completely offline manner, and share some insights and feedback from our partners and customers testing this technology today.

Watch the detailed video, to learn more about the concept that will change the world of certificates forever, making them secure and linked to its holders in an innovative way.

Today, we have a growing responsibility to ensure the cash cycle serves the public in the most secure, efficient and sustainable way possible. This presents an opportunity for central banks, state print works, printers, banknote designers, cash-in-transit companies, retailers and other stakeholders to consider reinforced technologies and solutions that can further optimise their infrastructures and cash processes.SICPA’s proven expertise and innovative solutions around the cash cycle aims to contribute to a sustainable society where each individual can reap the benefits of stability and prosperity. To achieve this mission, it requires careful strategic planning and collaboration between key stakeholders to make this transformation a reality while effectively addressing climate change challenges and building a more equitable and sustainable future for all.
This session will highlight the latest global trends shaping the cash cycles and present problem-targeted solutions and approaches as to how we can respond to it.

SMI is regarded as one of the world’s leading technical and commercial advisory companies specialising in the design, specification and production of banknote and coins. Key areas of expertise include the objective evaluation of banknote security features; banknote testing to ensure compliance with contractual specifications; assisting Central Banks to manage their evolving cash cycle; and the design and layout of banknote printing, minting and cash centre facilities for which SMI is currently working on a couple of large infrastructural projects for two major Central Banks in the Asia Pacific region.

Cash is the dominant form of payment and the oldest means of payment available today. Cash is an essential factor for personal freedom and privacy as well as social inclusion. Cash has a unique place as a public good that enables everyone to be involved in the economy and society, regardless of income of status and the only form of payment that guarantees the freedom, sovereignty and privacy of the individual. What practical steps do policy makers need to take in order to protect the supply and acceptance of cash and promote its further development? In its new Cash Policy White Paper, which it is launching at the HSP conference in Abu Dhabi, the International Currency Association presents its reflections in the form of Nine Recommendations to inform the debate and engage in further reflection with stakeholders and policymakers.

Joachim Caillosse joined IN Groupe in 2016 with Product Management responsibilities, focusing on ID & travel documents and especially ePassports. Prior to that he worked for KURZ (parent company of OVD Kinegram) and within the Arjowiggins Security group, two providers of highly secure components for ID documents and banknotes. Joachim regularly collaborates with identity and document fraud experts from various countries and international organisations. Since 2021 he has chaired the ‘Document Security’ working group for the Secure Identity Alliance (SIA).

This session will cover the statistics and trends in the digital identity world by exploring the numericals and explaining the story behind them.

Heidelberg Instruments is a leading manufacturer of high-precision micro- and nanolithography systems. With our various technologies, we cover a wide range of markets and applications.
In the high security market, holograms are used for protection of banknotes, sensitive documents or products. There are different possibilities to produce holograms.
With help of our systems we can realize binary structures, 2.5D (based on grayscale lithography) and even real 3D structures.
This presentation will explain, how these types of structures are realized from preparation of designs to printing of structures.