Financial institutions are highly regulated and required to develop and manage a strong risk management program. Depending on an organization’s size, their maturity level ranges from a general risk awareness culture to a strong risk governance model. Years after the financial crisis in 2007-2008, the Heightened Standards guidelines were adopted establishing minimum requirements for the design and implementation of a risk governance framework. Financial institutions were required to look internally and develop strong risk governance programs to mitigate fraud, safety & security, IT, cyber, reputational, and operational risk. Through the enhancement and maturity processes, safety and security teams developed technology life-cycle management controls which were in line with IT risk control best practices and standards.

Surveillance devices used in the financial sector should have robust end-to-end security functions and technologies such as secure boot, secure storage and secure OS. Convergint has partnered with Hanwha Techwin to enhance employee and customer safety in the financial industry with innovative modular surveillance cameras. Some financial institutions are investigating compliance with the Federal Information Processing Standards (FIPS) 140-2 allowing an organization to enhance security using trusted platform module (TPM) hardware built in to the camera.

Object based analytics

Traditional video analytics are based on changes in pixel patterns in an image. These analytics often trigger as a result of irrelevant pixel changes caused by shadows, clouds, wind effects on trees, etc. The remedies offered include lowering sensitivity, increasing number of pixels that must change or masking out areas of the scene. Object based artificial Intelligence (AI) analytics on the other hand use deep learning to identify objects in the scene such as vehicles, people, license plates and faces.

By creating analytics that are tied to specific object types, reliability is greatly increased and we can design application specific events. AI, versus legacy pixel analytics, allows the organization to assess the scene and reduce false positives and video noise improving overall storage retention. Taking that concept one step further, allowing a customer to “train” a camera to recognize objects in a scene allows flexibility to identify new analytic applications involving those new object types.

An application at drive-thru ATMs would be a directional line cross that is triggered only by vehicles. If a vehicle approaches an ATM straight on, the analytic triggers, if a person approaches it from the same direction it does not.

Modular design for simplified installation

Camera deployment requires coordination and management to reduce project delays and return site visits. Modular cameras that include motorized control (pan, tilt, rotate, and zoom) of the field of view are engineered to provide a better installation experience. The innovative design brings efficiencies by breaking the deployment process into 4 easy steps:

  • Installation of the mount plate and camera casing
  • Pre-configure the camera module
  • Snap in the magnetic camera module and attach the dome
  • User acceptance and remote adjustment of the Field of View (FOV) from the camera’s web client

Installers can pre-install housing ahead of inspections, place the electronics after construction is completed, and finally end-users can fine tune their field of view remotely including pan, tilt, zoom, and lens rotation. The field of view can be adjusted easily in the event of environmental changes. These features bring real world risk mitigation and better maintenance and management of the video surveillance cameras.

Convergint and Hanwha Techwin

Convergint and Hanwha Techwin have strategically partnered to help financial institutions enhance employee and customer safety, and provide end to end solutions for security and fraud mitigation. These solutions can greatly increase functionality, visibility, and reduce overall reputational risk. To learn more about the technologies discussed, contact an expert today.

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