India's second-largest bank invests in EverFocus for enhanced security measures
Press release [Tuesday 18 December 2012]
Bank burglaries are common storylines for Hollywood movies. The Dark Knight takes away the breath of all Bat Man fans, while Firewall may win over security specialists and professionals. For System Integrators with clients from banking segments, or better yet, anyone who works in a bank, do bank burglaries exist in movies only? Think again.
Throughout modern history, burglars would take advantage of every flaw in what should be a seamless security agenda. In the winter of 1976 in Lebanon, roughly US$34 million dollars (equivalent to about $135 million in today's currency) was stolen from the British Bank of the Middle East. Even more recently, the Central Bank of Iraq in Baghdad lost nearly $1 billion in March 2003 merely hours after the bombardment of the city, considered the largest bank heist in history according to CNN. As recent as May 2010 about $5.5 million is taken from the Al-Rafidain Bank in al-Mishkhab, Iraq. For the protection of people and assets, financial institutions are spending more on building a resilient, holistic and effective physical-electronic security system with the help of advanced modern technology.
EverFocus as the chosen solution provider
Headquartered in Mumbai, India, the award-winning ICICI Bank is the second-largest bank in the country. Established in 1955, today's ICICI Bank boasts a network of 2,883 branches and 10,021 ATMs in India, in addition to presence in 19 countries. The institution offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialized subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management.
ICICI Bank was already equipped with a standard security set up for CCTV cameras with 4-Channel Digital Channel Recorders. With the advanced increasing security threat, ICICI felt the need for upgrading their systems with additional DVR's embedded with latest technologies.
Honeywell, EverFocus India's highly valued system integrator partner, proposed a solution to install ECOR264-9X1GR Model -9-Channel DVR at their various branches of ICICI across West India. They have 250 branches across West India. Installation was done by our System Integrator Honeywell India.
ECOR2649X1GR incorporates multiple features like H.264 compression format for efficient disk storage and network bandwidth conservation, GUI application which provides easy operation and functionality. In addition to these features, it provides HTTP streaming for live mobile monitoring, smart & snapshot search, express configurations etc. Presently, around 90 ECOR 264 Digital Video Recorders are deployed across multiple locations of West India.
EverFocus India and Honeywell were selected as the partner to help secure such significant wealth of the nation for many reasons. The teams were first acknowledged for first-rate technical training, services and support. In addition to outstanding product performance and usability, EverFocus India and Honeywell together provided highly competitive pricing and unbeatable cost-effectiveness. ICICI Bank was also very satisfied with how versatile the solution was. One extra port was made available with ECOR264-9X1GR DVR as compared to an industry standard DVR. This was an added advantage for ICICI Bank, so that whenever in future any requirement comes up, the end-user could easily go for installation of one more camera.
ICICI Bank selects EverFocus India and Honeywell as the surveillance solution providers