Tag: Central banks

  • Nanotechnology meets banknotes: G+D’s new security thread delivers unmatched visual effects

    Nanotechnology meets banknotes: G+D’s new security thread delivers unmatched visual effects

    Munich/Muscat, September 30, 2024 – Giesecke+Devrient (G+D) has introduced an innovative new security thread for banknotes at the Global Currency Forum in Oman. RollingStar Venus is the first thread to utilize nanotechnology combined with micro-mirrors, enabling two brand-new effects for secure authentication. These effects elevate both the visual appeal and security of banknotes to a new level.

    Central banks bear the responsibility of ensuring that their issued banknotes can be verified easily, quickly, and securely for authenticity in everyday use. Optical features with changing and dynamic effects, vibrant colors, and clear recognizability of security elements are critical in achieving this goal. 

    With the introduction of RollingStar Venus, Louisenthal, a subsidiary of G+D, is expanding its extensive portfolio of security threads with a truly groundbreaking product. The new thread incorporates advanced micromirror technology with additional nanostructures that enable a highly dynamic synchronization of color change and movement. This unique combination results in two entirely new effect classes: “ColorFlip” and “Color MotifFlip.”

    New effects ensure superior anti-counterfeiting security

    When viewed head-on, the RollingStar Venus thread exhibits a secure, highly precise, and visually striking two-tone appearance. Upon tilting the banknote, the dynamic ColorFlip effect is activated: specific sections of the thread appear to move, and they change color. This effect is achieved through meticulously controlled dynamics and color variations at the micro-scale. The Color MotifFlip effect adds an additional layer of security by displaying a dynamic switch between two distinct colored motifs, enhancing recognizability and significantly boosting anti-counterfeiting protection.

    G+D showcases these new effects through two sample banknotes presented at the Global Currency Forum. The first note features a hummingbird in flight, where a floral motif dynamically shifts between complementary green and red hues when the note is tilted (ColorFlip). The second note depicts a pianist engrossed in her performance, with the thread’s motif alternating between the number “100” and a musical note (Color MotifFlip). The orange motifs shift against a purple background, creating a display-like visual impression.

    The thread’s millions of micromirrors, combined with nanostructures applied to their surfaces, reflect most of the incoming light. Together with a highly reflective metallic surface, they ensure optimal visibility even in low-light conditions. This blend of nano-effects and cutting-edge mirror technology makes RollingStar Venus a standout feature that captures the viewer’s attention and makes banknote authentication easier than ever before.

     “Our new RollingStar Venus security thread is a significant technological innovation with which we are taking banknote security to a new level,” says Clemens Berger, Chairman of the Board of Managing Directors at Louisenthal. “Nanotechnology enables dynamic and captivating effects in banknote design. With the Venus thread, we are leveraging these effects to ensure the long-term appeal and security of banknotes.”

    Patch featuring ColorShift technology

    In addition to the RollingStar Venus thread, G+D also showcases the RollingStar Patch with ColorShift technology at the Global Currency Forum. This security feature provides intuitive authentication through its dynamic visual effects and has already been implemented in the new 5,000 Tenge banknote issued by the National Bank of Kazakhstan in December 2023.

    Both innovations are part of Louisenthal’s established “Security+” strategy. With its product offerings for central banks, the company delivers not only superior security features but also added value in terms of technology, innovation, efficiency, and sustainability.

    Video: New effects “ColorFlip” and “Color MotifFlip” on the RollingStar Venus security thread

    G+D RollingStar Venus on the sample note “Kolibri” (Source: G+D)

    G+D RollingStar Venus on the sample note “Piano” (Source: G+D)

    About Giesecke+Devrient

    Giesecke+Devrient (G+D) is a global SecurityTech company headquartered in Munich, Germany. G+D makes the lives of billions of people more secure. The company shapes trust in the digital age, with built-in security technology in three segments: Digital Security, Financial Platforms and Currency Technology.

    G+D was founded in 1852 and today has a workforce of more than 14,000 employees. In the fiscal year 2023, the company generated a turnover of 3 billion euros. G+D is represented by 123 subsidiaries and joint ventures in 40 countries. Further information: www.gi-de.com.

    Press Contact

    Giesecke+Devrient
    Ulrike Woenckhaus
    Spokeswoman
    Corporate Brand Communication
    Phone: +49 89 4119-1386
    E-Mail: ulrike.woenckhaus@gi-de.com

    PR-COM
    Nadine Harbeck
    Senior Account Manager
    Phone: +49 89 59997-761
    E-Mail: nadine.harbeck@pr-com.de

  • Report by G+D and OMFIF: Unlocking the potential of a CBDC ecosystem

    Report by G+D and OMFIF: Unlocking the potential of a CBDC ecosystem

    Central bank digital currencies (CBDC) are emerging worldwide, bringing new capabilities and opportunities to financial systems. Although central banks are the driving force behind CBDCs, the development of a coherent ecosystem in cooperation with private stakeholders is also essential for success. A report, published by the SecurityTech company Giesecke+Devrient (G+D) and the independent think tank Official Monetary Financial Institutions Forum (OMFIF), sheds important new light on how to create a thriving CBDC ecosystem.

    For many central banks, the introduction of a digital form of cash is not a question of if, but when and, more importantly, how. CBDCs cannnot exist and evolve in isolation. It will require, among other things, interoperable systems that enable efficient and fair transactions, along with a regulatory framework supporting global interoperability principles. A wide range of participants will be involved in the creation and operation of CBDCs, with an even wider range of beneficiaries. One key motivation for central banks to collaborate within an ecosystem – or network of organisations – is to foster innovation. CBDCs, beyond serving as a complementary public means of payment to cash, hold the potential to become a platform for innovation and the cornerstone of an entire digital economy.

    The new report, ‘Unlocking the potential of a CBDC ecosystem’, published by OMFIF in partnership with G+D, looks into ecosystem participants and its potential opportunities. It also explores the challenges faced by central banks in realising the CBDC ecosystem, as well as its value to private sector stakeholders and individuals. This report aims to delve into the CBDC ecosystem, highlighting the organisations involved, the benefits such a network could bring, and the practical challenges that must be addressed to bring about these advantages.

    Before exploring the potential innovations of a central bank digital currency, it is important to consider the participants in its primary functions, such as its issuance, operation and regulation. The report interviewed ten key organisations that would make up the CBDC ecosystem, including four central banks, two technology providers, two merchants, one commercial bank and one payment service provider.

    As the CBDC ecosystem evolves, important strategic decisions must be made to ensure it delivers on its promised benefits. The report by OMFIF and G+D serves as a guide to navigate the factors influencing the decisions that central banks are grappling with. 

    Key findings:

    ·       Central banks will operate the core system while private sector intermediaries provide new services to facilitate payments and conduct compliance.

    ·       Industrial and real economy players along with individual end users and merchants stand to benefit significantly from the new ecosystem.

    ·       CBDCs can deliver programmable payments, which should unlock valuable benefits for businesses, citizens and governments.

    ·       CBDCs can play an important role in facilitating the settlement of digital assets, supporting the growth of the digital asset ecosystem.

    ·       Ensuring interoperability among CBDCs and existing payment systems will require a collaborative effort between technical service providers and regulators.

    ·       All ecosystem players will need to participate in the communication effort to educate end users.

    “CBDCs have the potential to transform society and lay the foundations for economic growth and social progress in the years to come,” says Dr. Wolfram Seidemann, CEO of G+D Currency Technology. “There are still some challenges to overcome along the way, but the benefits for consumers, competition and power of innovation speak for themselves. This report gathers views and insights from a range of stakeholders, all of whom will be part of an upcoming digital currency ecosystem. Now is the time to seize the opportunity to lay the foundation for the future financial system.”

    Dr. Wolfram Seidemann, CEO of G+D Currency Technology (Source: G+D)

    About Giesecke+Devrient

    Giesecke+Devrient (G+D) is a global SecurityTech company headquartered in Munich, Germany. G+D makes the lives of billions of people more secure. The company shapes trust in the digital age, with built-in security technology in three segments: Digital Security, Financial Platforms and Currency Technology.

    G+D was founded in 1852 and today has a workforce of more than 14,000 employees. In the fiscal year 2022, the company generated a turnover of 2.53 billion euros. G+D is represented by 123 subsidiaries and joint ventures in 40 countries. 

    Further information: www.gi-de.com

    About OMFIF

    OMFIF is an independent think tank for central banking, economic policy and public investment, providing a neutral platform for public and private sector engagement worldwide.  With teams in London and the US, OMFIF focuses on global policy and investment themes relating to central banks, sovereign funds, pension funds, regulators and treasuries.

    For me, an eco-friendly advance technology is necessary to the entire digital economy for the growth & success of the entire concerned citizens in the community this day & beyond.

    Reference & Contact (Press Release – Munich/London, January 31, 2024):

    Valeria Jessen: PR-COM GmbH
    Sendlinger-Tor-Platz 6
    D-80336 München
    Amtsgericht München, HRB 114932
    Geschäftsführer: Alain Blaes, Martina Jahrbacher

    Giesecke+Devrient
    Ulrike Woenckhaus
    Communications Manager
    Spokeswoman
    Corporate Communications
    Phone: +49 89 4119-1386
    Mail: ulrike.woenckhaus@gi-de.com

    OMFIF
    James Fitzgerald
    Marketing Manager
    Phone: +44 (0)20 700 27729
    Mail: James.fitzgerald@omfif.org