42 Technology was appointed by Talaris – a world leader in cash handling equipment and software solutions – to help develop its next generation of banknote sorting and validation systems. The product range enabled easier, faster and more reliable handling of used notes by bank tellers, as well as greater security and more accurate identification of counterfeit currency.
Talaris first approached 42 Technology to help run a product innovation workshop with engineers based at its main product development facility in Bern, Switzerland before then appointing the consultancy to develop initial system concepts for the new range.
“42 Technology is bringing a fresh perspective to our product development programme and helping Talaris incorporate some advanced technologies and new concepts into our next generation of banknote handling systems. The consultancy’s systems-level approach, creativity and pragmatic engineering are proving invaluable in helping optimise our designs, as well as accelerating our new product development process.”
Engineers from the two companies worked together to integrate new technologies into specific modules, optimise system designs, reduce product footprints and look for ways to lower manufacturing costs in readiness for volume production and market launch.
“Banknote counting and validation requires a particularly complex electro-mechanical system. We understand the challenges, having previously worked on paper and web-handling systems and have been able to quickly assemble the ideal project team by supplementing our own in-house resources with some very specialist expertise drawn from our extensive network of associates. The consultancy’s combined team is working from our Cambridge site as well as extensively with Talaris engineers in Bern.”