Earlier this year, Cornwall-based Spinnaker International Ltd rebranded to become Secure Innovation Ltd. Speaking on The Leaders Council Podcast, managing director Tony Westington discussed the thinking behind the rebrand, before moving on to discuss cash circulation and the new technologies Secure Innovation has developed to protect it.
As a security technologies developer, Secure Innovation built a reputation under its previous guise as the global leader of intelligent protection products and custom control solutions. It has provided products for the protection of cash and high value assets for over 40 years, bolstering the banking, cash-in-transit and retail industries.
Speaking about the rebrand, managing director Tony Westington explained that the change was to reflect the changing image of the company as its technology is adapting to serve new industries.
Westington said: “As our business advances, our technology reaches new markets and our core beliefs get strengthened. Over the coming months and years, we will be releasing new user focussed products, both into our existing markets, and pioneering developments into new industries.
“Having been awarded funding in partnership with the European Space Agency [ESA], this has cemented our future growth into unique online asset control solutions with satellite technology. This is why we have chosen to update our name and image to reflect who we are.”
Elaborating on Secure Innovation’s partnership with the European Space Agency, Westington talks about the product of that collaboration, Remote Planet, an Internet-of-Things [IOT] tracking device which can be applied across multiple sectors to meet various client needs.
Westington described Remote Planet as the “key” to “offering customers a product they need which can evolve with their business.”
As the conversation moved on to cover the declining use of cash and speculation of one day there being a cashless society, Westington pointed out that cash was the only form of payment that runs independently of the internet and stressed that there will always be a need for it in society, alongside digital methods.
He argues that the removal of cash would disadvantage sections of society and could even reach the extent of leaving society vulnerable due to an over-reliance on technology. As a case in point, he reminded listeners of an incident in June 2018, when widespread disruption was caused by a temporary outage of Visa Europe’s card authorisation system.
“The bottom line will always be; if we don’t have a physical form of payment that doesn’t rely on the intenet, we will leave ourselves vulnerable,” Westington explained.
“Cash has to be consistently circulated in society to make it viable as an alternative payment method, and for all sectors of society.”
Listen to the full interview with Secure Innovation’s Tony Westington on The Leaders Council Podcast below.
Image provided by Secure Innovation
