Financial Institutions Benefit from Video-driven Analytics and Insight

March Networks is pleased to introduce March Networks Searchlight 4 for Banking. The new, video-based business intelligence solution provides banks and credit unions with exceptional insights into customer service, operations and marketing, helping them improve performance and win new business. It also delivers powerful search and investigation capabilities that enable financial institutions to reduce costs associated with ATM skimming, cash harvesting and other fraudulent activity.

Most banking organizations have invested significantly in video surveillance systems to ensure the security of their customers, employees and assets. Many have taken that investment further by adopting software applications that combine recorded video with ATM and teller transaction data, making it easier to investigate suspicious transactions.

New Searchlight for Banking extends the benefits of integrated data by incorporating intelligent analytics – including people counting, queue length and dwell time – from March Networks’ MegaPX Indoor Analytics Dome camera. Conveniently accessible via the software’s browser-based dashboard, Searchlight provides financial institutions with a complete view of their retail banking business using customizable reporting tools that enable them to:

  • Improve customers’ experience and optimize staffing:

Searchlight delivers metrics on customer experiences, including wait times and the number of people in line at teller stations or ATMs. Managers can easily run reports to analyze and compare data from one or multiple locations and use that information to optimize staffing or identify where more training is needed. This knowledge is key to branch performance, as customer experience is the most common reason consumers give for opening and closing accounts, ahead of fees, rates, locations and convenience (Ernst & Young 2014 global consumer banking survey).

  • Improve fraud defenses and cut investigation costs:

Searchlight enables banks to identify potential fraud and reduce investigation times considerably with integrated video, audio and transaction data, and the ability to search across multiple sites simultaneously. Managers can easily view statistics on which branch, teller or ATM has the most withdrawals or deposits over a certain amount, for example, and pull up the recorded video for further review. The software can also proactively alert managers or investigators to suspicious activity at an ATM, which could indicate ATM skimming or cash harvesting.

  • Assess financial services and promotional success:

Measuring how well a promotion is working in a branch, or seeing if it’s been executed correctly across the organization, can be invaluable to marketing teams. Searchlight delivers visual auditing capabilities and sophisticated metrics on customer dwell times. Staff can use the software to assess how long a potential customer waited to speak with a financial service advisor or if promotional signage is having an impact. If one branch is outperforming, they can use Searchlight to uncover the reasons why and make adjustments at other locations.

  • Enhance security and operations:

With Searchlight, authorized managers and security/operations staff can remotely spot-check branches from any networked location to assess customer activity, maintenance, policy compliance and overall operational efficiency. The software provides detailed reports on a variety of events, such as when a safe is opened, and makes it easy to review suspicious activities using synchronized video and audio.

“Searchlight extracts relevant information from vast hours of recorded video and data and turns it into effective business intelligence,” said Net Payne, Chief Marketing Officer, March Networks. “It gives financial institutions the insights they need to improve customer service and overall performance, and allows them to leverage investments they’ve already made in video surveillance by extending the value it delivers to additional groups within the organization.”

March Networks will demonstrate the new Searchlight for Banking platform, as well as its recently launched Searchlight for Retail solution and complete IP video portfolio in Booth 26041 at the ISC West 2015 security conference and exposition, April 15-17, at the Sands Expo and Convention Center in Las Vegas, NV.

Featured

  • Cybersecurity Awareness Month: Top Five Action Items to Elevate Your Data Security Posture Management and Secure Your Data

    October is Cybersecurity Awareness Month, and every year most tips for security hygiene and staying safe have not changed. We’ve seen them all – use strong passwords, deploy multi-factor authentication (MFA), be vigilant to spot phishing attacks, regularly update software and patch your systems. These are great recommended ongoing tips and are as relevant today as they’ve ever been. But times have changed and these best practices can no longer be the bare minimum. Read Now

  • Boosting Safety and Efficiency

    Boosting Safety and Efficiency

    In alignment with the state of Mississippi’s mission of “Empowering Mississippi citizens to stay connected and engaged with their government,” Salient's CompleteView VMS is being installed throughout more than 150 state boards, commissions and agencies in order to ensure safety for thousands of constituents who access state services daily. Read Now

  • Live From GSX: Post-Show Review

    Live From GSX: Post-Show Review

    This year’s Live From GSX program was a rousing success! Again, we’d like to thank our partners, and IPVideo, for working with us and letting us broadcast their solutions to the industry. You can follow our Live From GSX 2023 page to keep up with post-show developments and announcements. And if you’re interested in working with us in 2024, please don’t hesitate to ask about our Live From programs for ISC West in March or next year’s GSX. Read Now

    • Industry Events
    • GSX
  • People Say the Funniest Things

    People Say the Funniest Things

    By all accounts, GSX version 2023 was completely successful. Apparently, there were plenty of mix-ups with the airlines and getting aircraft from the East Coast into Big D. I am all ears when I am in a gathering of people. You never know when a nugget of information might flip out. Read Now

    • Industry Events
    • GSX

Featured Cybersecurity

New Products

  • A8V MIND

    A8V MIND

    Hexagon’s Geosystems presents a portable version of its Accur8vision detection system. A rugged all-in-one solution, the A8V MIND (Mobile Intrusion Detection) is designed to provide flexible protection of critical outdoor infrastructure and objects. Hexagon’s Accur8vision is a volumetric detection system that employs LiDAR technology to safeguard entire areas. Whenever it detects movement in a specified zone, it automatically differentiates a threat from a nonthreat, and immediately notifies security staff if necessary. Person detection is carried out within a radius of 80 meters from this device. Connected remotely via a portable computer device, it enables remote surveillance and does not depend on security staff patrolling the area. 3

  • Luma x20

    Luma x20

    Snap One has announced its popular Luma x20 family of surveillance products now offers even greater security and privacy for home and business owners across the globe by giving them full control over integrators’ system access to view live and recorded video. According to Snap One Product Manager Derek Webb, the new “customer handoff” feature provides enhanced user control after initial installation, allowing the owners to have total privacy while also making it easy to reinstate integrator access when maintenance or assistance is required. This new feature is now available to all Luma x20 users globally. “The Luma x20 family of surveillance solutions provides excellent image and audio capture, and with the new customer handoff feature, it now offers absolute privacy for camera feeds and recordings,” Webb said. “With notifications and integrator access controlled through the powerful OvrC remote system management platform, it’s easy for integrators to give their clients full control of their footage and then to get temporary access from the client for any troubleshooting needs.” 3

  • Mobile Safe Shield

    Mobile Safe Shield

    SafeWood Designs, Inc., a manufacturer of patented bullet resistant products, is excited to announce the launch of the Mobile Safe Shield. The Mobile Safe Shield is a moveable bullet resistant shield that provides protection in the event of an assailant and supplies cover in the event of an active shooter. With a heavy-duty steel frame, quality castor wheels, and bullet resistant core, the Mobile Safe Shield is a perfect addition to any guard station, security desks, courthouses, police stations, schools, office spaces and more. The Mobile Safe Shield is incredibly customizable. Bullet resistant materials are available in UL 752 Levels 1 through 8 and include glass, white board, tack board, veneer, and plastic laminate. Flexibility in bullet resistant materials allows for the Mobile Safe Shield to blend more with current interior décor for a seamless design aesthetic. Optional custom paint colors are also available for the steel frame. 3