Banking & Finance

Verint Unveils New Security and Fraud Investigation Software

Verint Unveils New Security and Fraud Investigation Software that Significantly Improves Productivity and Helps to Reduce Risk for Financial Institutions. Verint Video Investigator Simplifies the Complexity of Security and Fraud Operations through a Modern, Innovative Platform. The new software platform helps banks and credit unions simplify, modernize, and automate security, surveillance and fraud investigations across their enterprise.

Qatari Bank Standardizes On March Networks Video Surveillance And Business Intelligence Solution

March Networks announce that one of Qatar’s top banks is deploying the company’s business intelligence software and integrated analytics to improve customer service and operations. The customer is one of six Qatari financial institutions currently using March Networks systems for advanced video surveillance and fraud prevention. The bank is already using an end-to-end March Networks video recording and management solution in all of its Qatari retail banking branches.

Finance And Technology Sectors Account For 70% Of All Attack Targets In The Americas

NTT Security has released 2018 NTT Global Threat Intelligence Report (GTIR), which reveals attacks on the finance sector have increased 43% in 2017 up from 15% in 2016 in the U.S., while ransomware detection increased globally by a staggering 350% in 2017. The 2018 NTT Security GTIR summarizes data from over 6.1 trillion logs and 150 million attacks, and analyzes global threat trends based on data from NTT Group operating companies: NTT Security, NTT Communications, NTT DATA and Dimension Data.

The Power Of Pixels And How To Harness Them

As the physical security / video surveillance market continues to mature, you are seeing more and more attention paid to integrated solutions. Instead of solely looking at video management software (VMS), or video analytic software, or access control systems, you are now being drawn to VMS systems that work seamlessly with a wide range of additional capabilities such as video analytics, Point-of-Sale (POS) systems, and access control – just to name a few. Over the years, end-users have come to understand —even expect— advanced technologies like video analytics being part-and-parcel of the provided solution set. Security.World caught up recently with Paul Eaton, President of Convergence To Pixel, to talk more about integrating other organizational systems into video surveillance VMS systems.

Avigilon Reports Record Revenue; Stock Plummets

Although Avigilon Corporation (AVO.TO) recently reported their financial results for the six months ending June 30, 1016, it hasn’t been well received for the Toronto-based security solutions provider. In order to achieve those record revenue figures, the company had to slash prices on many of its popular products. This means much lower operating margins and their earnings per share are half of what they were last year. Much of this is in direct response to Chinese companies, such as Hikvision and Dahua, taking a larger share of the market with a low-price strategy. Therefore, Avigilon has had to make some significant price adjustments to remain a market contender.

SG-System 5 Integrates With Manitou Central Station Software From Bold Technologies

Tyco Security Products is announcing an enhanced integration between its SG-System 5 receiver and Bold Technologies’ Manitou central station software. The enhanced integration means that Manitou now supports visual alarm verification provided through SG-System 5 to provide central stations with the tools they need to more accurately access alarm situations and to reduce false alarms. […]

Tyco Security Products Introduces World’s Most Accurate Reader, Contactless Biometrics

Tyco Security Products introduces the Safran MorphoAccess SIGMA Series access control high speed biometric and card reader featuring the world’s number one performance-ranked fingerprint technology and the world’s only single hand movement capture and match reader, the MorphoWave Tower. Using this technology, C•CURE 9000 Security and Event Management platforms are now able to deliver contactless […]

New GPS Tracking Solution Offers Protection for ATMs in Financial and Retail Establishments

This innovative system’s global platform leverages multiple security and tracking applications and will deliver impressive apprehension (up to 70% of cases) and asset return (more than 87%) rates. By incorporating smart technology, the devices offer wide flexibility in deployment and improved data storage and organization. The ATM Tracker offers a compact profile which makes it easier to install in different ATMs or similar cash dispensing machines.

DigitalPersona Fingerprint Biometric Solutions Improve Security And Service In Latin America Banks

DigitalPersona, Inc., a trusted partner for biometric identity verification solutions, announced that Coppel Corporation, a group of retail and finance companies, has chosen DigitalPersona® fingerprint technology to verify employee and customer identities in more than 800 banks and 1,000 Pension Fund Offices throughout Mexico, Argentina, and Brazil. Coppel Corporation also maintains similar biometrics-based solutions in […]

Biometric Technology: Curbing Fraud In Banks

biometric Mukosha mulenga By MUKOSHA MULENGA BANKS and other financial institutions hold the key to one of our most treasured assets: our money. Most banks are now looking at using biometrics to protect against identity fraud and comply with government regulations. The use of biometric technology is becoming widely recognised in the banking industry as a viable means to prevent identity fraud, safeguard data, improve ease-of-use, and save money from lost or stolen passwords. When you consider that approximately 84 percent of bank fraud is committed by in-house staff, or that nearly 40 percent of all help desk calls are for forgotten passwords, it is no surprise that many banks are turning to biometric technology for increased security and convenience.  Banks therefore now have the challenge of integrating fingerprint functionality into existing in-house applications or their core banking applications. Banks can use solutions such as ) from M2SYS, for safeguarding enterprise data and reducing costs. EBS supports active directory, and can enable banks to secure login to their network and replace user names and passwords with something that you cannot share, lose, or forget: Your Fingerprint! With an ever-increasing number of security breaches, the pressure on banks to implement methods of password management, identity management, data and network security, and two factor authentication has never been stronger. The sharing or theft of user passwords still remains the most popular reason that corporate data is compromised. Biometrics solves this problem by allowing businesses and banks to implement a centralised biometric […]