Colombia’s Banco de Occidente Standardizes Security With March Networks

  • Aug 31, 2009

March Networks, a provider of intelligent IP video and business analysis applications, recently announced that Banco de Occidente S.A. will use the company's NVRs and management software to centralize security and loss prevention operations across 200 retail banking branches.

Based in Cali, Colombia, Banco de Occidente provides numerous banking services to customers nationwide. It is one of the country's largest financial institutions and is a subsidiary of Grupo Aval Acciones y Valores S.A. (Grupo Aval), a publicly-traded holding company that includes four of Colombia's major banks and other financial organizations.

Following an evaluation of several surveillance systems, Banco de Occidente selected the March Networks solution based on the strength of its video compression technology, which reduces bandwidth and storage requirements, and its enterprise-class video management software.

The system's advanced case management tools and high quality video evidence will help the bank combat theft and fraud and better safeguard customers. In addition, the system's remote health monitoring capability will provide the bank with optimum performance and reliability.

"Our IP video solutions for the financial market continue to outperform in competitive trials, where high reliability, video resolution and performance across the network are of prime importance," said Peter Strom, president and CEO of March Networks. "We are proud to provide Banco de Occidente with the video management capabilities it requires to protect its clients and assets while streamlining security operations."

Featured

  • AI Is Now the Leading Cybersecurity Concern for Security, IT Leaders

    Arctic Wolf recently published findings from its State of Cybersecurity: 2025 Trends Report, offering insights from a global survey of more than 1,200 senior IT and cybersecurity decision-makers across 15 countries. Conducted by Sapio Research, the report captures the realities, risks, and readiness strategies shaping the modern security landscape. Read Now

  • Analysis of AI Tools Shows 85 Percent Have Been Breached

    AI tools are becoming essential to modern work, but their fast, unmonitored adoption is creating a new kind of security risk. Recent surveys reveal a clear trend – employees are rapidly adopting consumer-facing AI tools without employer approval, IT oversight, or any clear security policies. According to Cybernews Business Digital Index, nearly 90% of analyzed AI tools have been exposed to data breaches, putting businesses at severe risk. Read Now

  • Software Vulnerabilities Surged 61 Percent in 2024, According to New Report

    Action1, a provider of autonomous endpoint management (AEM) solutions, today released its 2025 Software Vulnerability Ratings Report, revealing a 61% year-over-year surge in discovered software vulnerabilities and a 96% spike in exploited vulnerabilities throughout 2024, amid an increasingly aggressive threat landscape. Read Now

  • Motorola Solutions Named Official Safety Technology Supplier of the Ryder Cup through 2027

    Motorola Solutions has today been named the Official Safety Technology Supplier of the 2025 and 2027 Ryder Cup, professional golf’s renowned biennial team competition between the United States and Europe. Read Now

  • Evolving Cybersecurity Strategies

    Organizations are increasingly turning their attention to human-focused security approaches, as two out of three (68%) cybersecurity incidents involve people. Threat actors are shifting from targeting networks and systems to hacking humans via social engineering methods, living off human errors as their most prevalent attack vector. Whether manipulated or not, human cyber behavior is leveraged to gain backdoor access into systems. This mainly results from a lack of employee training and awareness about evolving attack techniques employed by malign actors. Read Now

Most   Popular

New Products

  • Unified VMS

    AxxonSoft introduces version 2.0 of the Axxon One VMS. The new release features integrations with various physical security systems, making Axxon One a unified VMS. Other enhancements include new AI video analytics and intelligent search functions, hardened cybersecurity, usability and performance improvements, and expanded cloud capabilities

  • FEP GameChanger

    FEP GameChanger

    Paige Datacom Solutions Introduces Important and Innovative Cabling Products GameChanger Cable, a proven and patented solution that significantly exceeds the reach of traditional category cable will now have a FEP/FEP construction.

  • 4K Video Decoder

    3xLOGIC’s VH-DECODER-4K is perfect for use in organizations of all sizes in diverse vertical sectors such as retail, leisure and hospitality, education and commercial premises.