CCL Secure awarded for leading-edge innovation by CFI.co
22 June 2017
CCL Secure has been awarded ‘Most Innovative Banknote Technology Global’ in the 2017 CFI.co Awards for its Guardian™ polymer substrate, the most sophisticated banknote substrate in the world.
The award recognises the significant impact our company has had on innovation in the banknote industry, as well as our ongoing efforts to remain the dominant supplier of polymer banknote substrate used by some of the world’s leading central banks.
This is opportune recognition that the time has come for polymer banknotes to significantly expand their use across the globe. Exciting times are ahead for CCL Secure as we take this on with ambition and passion.
CCL Secure will be featured in the upcoming edition of CFI.co, a leading financial and economic journal based in the United Kingdom, to recognise the achievement. The annual awards program brings together the critical eye of a combined 170 years' leadership and experience in financial journalism.
Each year, CFI.co seeks out individuals and organisations that contribute to the convergence of economies and add value to all stakeholders. The awards identify and reward excellence in the hope to inspire others.
Comments from the Judges’ Report are below.
201702 Judges’ Report
Most Innovative Banknote Technology Global 2017
Cash is king and [CCL Secure] continues its long history of market disruption and leading edge innovation.
The “home” of plastic money since banknotes were first printed on a polymer substrate in 1988 – [CCL Secure] remains the purveyor of choice of secure currency having issued more than 55 billion polymer bills by the end of 2017.
Formerly Innovia Security – recently renamed CCL Secure after their acquisition by market behemoth CCL Industries – is trusted by some of the world’s most influential and respected central banks who have objectively assessed the benefits of polymer banknotes and selected Guardian™ polymer banknote substrate for the latest in fraud-resistant technology and proven durability.
Originally a joint-venture between Innovia Films and the Reserve Bank of Australia (RBA) to provide counterfeit-proof banknotes, [the company] was formed after the RBA exited the business in 2013 having succeeded in its goal to push the envelope of banknote technology.
Enjoying a head start, and determined to keep its edge, [CCL Secure] managed to stave off heavyweight competitors that repeatedly tried to enter its domain.
While having 4% market share of the total banknote market, Guardian™ dominates the global plastic money market with use in excess of 99%. With the company widely recognised for its peerless technology and ability to deliver large volumes of high quality high-tech notes to some of the world’s largest banknote markets, the growth potential for this technology is eye-watering.
[CCL Secure] is the first and only company to date to have presented a viable – and superior – alternative to paper-based money that at first shocked the 300 year-old industry but in recent years has transformed it by attracting others into the alternative-substrate banknote market.
By being an open platform for third party security features from across the banknote industry, Guardian™ polymer substrate has been a catalyst for innovation across the industry. Notably, a series of ground-breaking new banknote designs have been released on to the world market in the last 12 months from New Zealand, Australia, and the United Kingdom that are redefining banknote aesthetics and is the source of some serious national pride.
The recently released Fiver from the Bank of England is a case in point. In its paper days, the fiver was known as a ‘tatty’ note. The Bank put paid to that reputation by delivering a smaller, smarter more user-friendly note that offers greater security, durability and cleanliness.
The CFI.co judging panel agrees that with the cashless society but a distant mirage, plastic money is clearly a winner with Guardian™ poised for significant expansion worldwide. With that in mind, the judges are pleased to offer [CCL Secure] the 2017 Most Innovative Banknote Technology Award.
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