Banking and Financial Institutions
Kings Secure Technologies’ mission is to offer the latest and most innovative technologies to deliver the best value and most robust solutions to our growing customer base.
For many years, KST have been working with Banking and Financial institutions nationwide, providing them with the best services to meet their individual needs when it comes to security solutions.
As the world is becoming increasingly connected digitally, it has also opened entry points for criminal and cybercriminal activity. Banking and financial institutions are very much at risk due to the new ‘digital banking’ movement.
Common Risks Within the Financial Sector
Digital Banking Movement
The digital movement has increasingly sped up due to the pandemic in 2020-2021, and the national/international lockdowns which prevented customers being able to physically visit commercial banking stores. Although, the younger generations have been found to make up the largest percentage of mobile banking users at 47% (prior to the pandemic), older generations have been found to still value human interaction and prefer to visit in stores. Because of this, banking and financial institutions have been presented with a unique challenge: how to make both types of customers happy.
The solution has been a hybrid banking model that integrates both traditional banking and the new digitalised experience. Banks have been overhauling their physical stores with self-service machines, and cutting staff numbers to a minimum.
This shift has therefore created a few new challenges when it comes to the banks’ security requirements.
Health and Safety
Many retail banks have traditionally invested heavily in a security infrastructure that focuses on their employees’ welfare and asset management. But in many branches, the location of security cameras and alarm setting procedures haven’t been updated for years, perhaps even decades. Changing the use of the space in-store to host self-service machines and staff working the shop floor, rather than behind glass screens, means that surveillance and alarm systems must also evolve to meet the new criteria.
As banks move towards these brighter, modern, more dynamic spaces, they also create challenges for the security team. Now that the shop floors are more of an open space, with security and staff being able to help and interact with customers directly, they need protection from an unexpected
How the KST Group Can Help
One technology that can help alleviate these new concerns is video analytics. These solutions can monitor the movements of customers and staff, and alert the security team to behaviour that may be anomalous to the average consumer or employee.
Trend & Data Analytics
Our SaaS platform, DYMENSiON can also provide analytics; with enhanced navigation and robust analytic tools that simplify and confirm trends. As DYMENSiON has a deep focus in security and data integrity, it can be the perfect solution for Bank and Financial Institutions as it can be used for data protection, asset information and incident management.