Currency Research is inviting delegates to the Middle East & Africa Cash Cycle Seminar (ICCOS) 2017 in Nairobi, Kenya

Currency Research is inviting delegates to the Middle East & Africa Cash Cycle Seminar (ICCOS) 2017 in Nairobi, Kenya

16.11.2016
The next Middle East & Africa Cash Cycle Seminar (ICCOS), the premier educational seminar focusing on the efficiency and security of the cash cycle, is taking place in Nairobi, Kenya at the Safari Park Hotel and Casino, from February 13 to 15, 2017. Currency Research (CR), is looking forward to welcoming delegates from central and commercial banks, retailers, suppliers and other industry stakeholders for three days of engaging presentations within the Plenary Sessions and Sponsor Breakout Meetings, networking opportunities in a Sponsor Exhibit Area and Panel Discussions to shape the future of the industry. CR will also conduct an exclusive tour of the De La Rue Currency and Security Print Ltd factory for groups of the delegation!

Nena Vukicevic, Managing Director of Africa & Europe noted that “for the first time ever, the Cash Cycle Seminar (ICCOS) is taking place in Africa. This seminar will open opportunities to everyone involved, end users as well as technology leaders, and it will be an ideal chance to form new relationships and strengthen existing ones. Cash will remain prevalent in Africa for many years to come; however the industry faces many more challenges than in other regions. This is a great chance for industry leaders to get together, sharpen their skills, learn about the latest industry innovations, and to take their organisations to the next level.”

Among planned Plenary Session presentations is Customer Experience Through Branch Efficiency: Smart Branch by Commercial Bank Africa. This presentation is a comprehensive review of the challenges faced today for Financial Institutions in finding ways to both increase revenue and reduce the cost of the branch.

Another presentation – The New Nigerian Cash Management Model: Challenges & Prospects – will be made by the Central Bank of Nigeria (CBN). This presentation will consider how, despite improvements in the payment systems available in Nigeria, currency in circulation continues to increase, indicating that cash still remains a major fixture in the Nigerian economy. This has necessitated the need for a more efficient and effective currency management approach, championed by the CBN.

Integrated Cash Management Services will continue the theme from above and present on The Evolution of Cash-In-Transit (CIT) Services In Nigeria. This presentation will be a first-hand account of the structure and evolution of the CBN, Currency Issuance and Cash-in-Transit (CIT) Services. It will also examine the developments in the industry over the years and hinge more on the current developments and initiatives. The presentation will be concluded with the challenges faced by the industry and a set of recommendations for the future.

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