How collaboration and working together to create strong plans leads to successful banknote series
Change increases risk and there are few more public “products” than a banknote. Although the theory of risk management is well known, this presentation considers the role of strong partnerships in risk mitigation in the banknote industry. Legal structures give clarity and drive rigour but it is the willingness of capable partners to work together to a shared plan that delivers. As the cash cycle becomes more complex and the number of stakeholders involved increases, the need for an effective shared plan increases while becoming harder to deliver. Innovia will share its experience and highlight what it regards as best practice enabling Central Banks to introduce new banknote designs successfully.