Globalisation and easy access to new technologies have led to increased threats to financial organisations
Globalisation and new technologies have led to increased threats for financial organisations

The banking and financial sector needs to be constantly prepared to manage an increasing range of security risks, from fraud and anti-social behaviour to data mismanagement.

Organisations must anticipate such potential risks and have well-established plans in place to address them.  Honeywell, with more than 50 years of experience in the security industry, is helping to secure some of the world's largest financial organisations by providing solutions that protect employees, customers, financial data, operations and assets.

Globalisation, increasingly sophisticated criminals and easy access to new technologies have led to a major increase in the number of threats to banks and financial organisations. As a result, security has become far more than just protection against physical theft and anti-social behaviour. It is now a fundamental requirement of the business. Financial organisations need to have strict control over who has access to data, and be able to account for every transaction, while protecting their staff and customers.

Integration of security solutions: saving time and money

The general nature of large enterprise structures makes it difficult to integrate disparate security solutions into one central system. Today's financial organisations require the latest innovative technology and integrated security solutions, combining access control with CCTV and intruder detection for both corporate headquarters and the branch offices provides major technical and business benefits. Some of the latest intelligent video analytics solutions help to protect perimeters and prevent intrusion as well as providing behaviour analysis capabilities in order to predict and prevent criminal activity.

Intelligent video analytics solutions provide behaviour analysis capabilities in order to predict and prevent criminal activity

A system with an intruder alarm combined with advanced access control and audio verification is ideal for financial organisations. An audio verification facility enables quick analysis of an alarm source and cause, reducing false alarms and boosting reliability. Some systems can also use communication paths such as PSTN, ISDN or Ethernet to perform dual alarm signalling functions. 

An access control solution, which particularly benefits financial organisations with a global footprint, is the "one card" solution.  By incorporating multiple functions such as building entry and electronic purse access onto a single card, this technology reduces the need to carry several different cards or ID badges.

Whether engaging in threat/risk assessment, analysing behaviour patterns, or simply completing background checks on employees,  with such integrated security technology gives financial organisations maximum control over users, ensuring that their people, assets and facilities operate successfully. 

Solutions for easier and more affordable migration to fully integrated systems

While the trend towards integration continues, feedback from the market has also shown the continued emphasis on return on investment and value for money, particularly in the current economic climate. Full integration is often the goal of customers, but many cannot afford to buy complete new security systems all together, instead preferring to slowly migrate over time as and when funding becomes available.

 The
Incorporating multiple functions into one card is an ideal access control solution for financial organisations

This gives customers the maximum possible choice when purchasing new systems and ensures that the migration to a new integrated security solution is as smooth and trouble free as possible. Migration to IP based security systems is an increasing requirement. For example hybrid digital video recorders (DVRs) enable new IP cameras to work seamlessly alongside legacy analogue cameras.

Fulfilling information security and other compliance requirements

Financial organisations face ever-increasing regulation, with their entire existence reliant on compliance with Sarbanes-Oxley, the Financial Services Act and a variety of other national financial regulations. There are solutions available for this too, such as an identity management system that manages and authenticates user credentials. This allows organisations to integrate physical and logical access so that, for example, users can only access sensitive IT systems once they have badged into a secure area, and it also supports the rigorous implementation of corporate password security policies via single sign-on solutions. This not only helps prevent external and internal threats, but also provides the full audit capability necessary to meet compliance requirements.  

Delivering a complete security system that easily migrates and integrates disparate systems whether access control, video surveillance, intrusion, logical access or intelligent video analytics can give a competitive advantage to financial organisations in today's economic climate. By integrating security systems throughout their network, organisations can attain the highest levels of protection for their customers and employees, creating a safe and secure environment in which to work and invest.

 Honeywell integrated security solutions ideal for financial sector:



Honeywell's Jeremy Kimber Jeremy Kimber
EMEA Marketing Leader
Video and access products

Honeywell Security Group

 Honeywell Noelia Castillon
EMEA Marketing Manager
Intrusion products
Honeywell Security Group
Share with LinkedIn Share with Twitter Share with Facebook Share with Facebook
Download PDF version Download PDF version

In case you missed it

Intersec 2021 cancelled, Messe Frankfurt announces that Dubai trade fair will now take place in January 2022
Intersec 2021 cancelled, Messe Frankfurt announces that Dubai trade fair will now take place in January 2022

Intersec, the world’s renowned security, safety, and fire protection trade fair, has been rescheduled to take place in January 2022, organiser of the trade event, Messe Frankfurt Middle East confirmed on September 24, 2020. The 23rd edition of the three-day event was originally set to run from January 24-26, 2021, at the Dubai World Trade Centre, in Dubai, UAE. However, the event has now been moved to 2022, after extensive consultation with key industry stakeholders. Intersec Dubai 2022 “We’ve spoken to many of our exhibitors, industry trade associations, supporters, and partners over the last couple of weeks and have heard first-hand the many challenges they’re facing putting pressure on their ability to participate at Intersec in January 2021,” said Alexandria Robinson, Intersec’s Show Director at Messe Frankfurt. He adds, “Moving Intersec to its customary January dates in 2022 at the Dubai World Trade Centre will allow time for recovery.” Webinar series in 2021 Ms. Robinson said Intersec will be very active throughout 2021, via its ongoing webinar series Ms. Robinson said Intersec will be very active throughout 2021, via its ongoing webinar series, while the team is now working towards creating a virtual event early next year, so as to engage industry leaders, regulators, government agencies and opinion formers. “We might be restricted physically, but we know there is a definitive need for critical conversations and discussions to address the challenges the industry has faced,” said Robinson. Digital forum to share ideas and solutions He adds, “By hosting these talks via a digital forum, it enables us to keep connected to the industry and nurture our existing relationships, whilst sharing solutions and common goals. We’ll share further details and plans about the digital event in the coming weeks.” Intersec’s popular free-to-attend webinar series, of which there’ve been 11 so far in the last four months, have kept thousands of attendees abreast of the latest industry trends and opportunities. Ensuring safety in COVID-19 pandemic period “We know we have a vital role to play in connecting and supporting the industry, and the Intersec webinars stimulate meaningful conversations, collaborations and success stories,” stated Robinson, adding “We will continue to run these and support our stakeholders in every way possible until we meet again personally, and safely, at Intersec 2022.” She further said, “One thing is absolutely certain, our community is resilient and will bounce back. It has been involved in many frontline situations throughout the course of this year and it will continue to play a critical role in the months ahead. Throughout 2021 and come January 2022, we’ll have much to share and learn from each other.” Intersec 2020 Intersec in 2020 featured 1,100 exhibitors from 56 countries, while attracting 33,872 visitors from 135 countries. The global industry event is supported by Dubai Civil Defence, Dubai Police, the Security Industry Regulatory Agency (SIRA), Dubai Police Academy and Dubai Municipality.

What is the role of higher education to create next-gen security leaders?
What is the role of higher education to create next-gen security leaders?

Traditionally, security industry professionals have often come from backgrounds in law enforcement or the military. However, the industry is changing, and today’s security professionals can benefit from a variety of backgrounds and educational disciplines. The industry’s emphasis on technology solutions suggests a need for more students of computer science, engineering and other technology fields. The closer integration of security with related disciplines within the enterprise suggests a need to prepare through a broad array of educational pursuits. We asked this week’s Expert Panel Roundtable: What is the role of higher education to create the next generation of physical security leaders?

Transport security: utilising the cloud to manage passenger flow and improve health & safety
Transport security: utilising the cloud to manage passenger flow and improve health & safety

Throughout the COVID-19 pandemic, ensuring the safety of passengers and staff aboard public transport has been an ongoing concern. The scenes of underground trains, still packed with commuters as infection rates soared, will have raised alarm bells with bus and train managers, transport officials and government representatives alike. Now, as infection rates hold steady and people slowly return to the workplace, a rise in commuter levels, coupled with a need for strong infection control protocols, is putting a strain on an already overburdened transport system. Managing passenger flow through bus terminals and train stations, while ensuring adherence to social distancing and mask-wearing policies, can be a difficult task. On buses and trains, staff have the unenviable task of challenging any individual who flouts the rules, while attempting to maintain safe operation for the benefit of all passengers. This is where advances in digital surveillance technologies can play an important role in enhancing security, improving operations and supporting the customer facing teams in their day to day roles.  The power of the cloud Keeping businesses afloat and people connected throughout the pandemicCloud or hosted technology has played an important part in keeping businesses afloat and people connected throughout the pandemic. When it comes to physical security such as video surveillance and access control, today’s cloud-enabled systems are far removed from the outdated CCTV and manual access control technologies employed in the past. Cloud connectivity brings with it many benefits, from a security, operational and also business intelligence point of view, thanks to the powerful data that these solutions produce which can be used to inform decision making. The advantages of cloud-based physical security technologies are many, and have wide ranging applications for all areas of the transport sector; across stations, transport hubs and vehicles. When used to support staff and complement existing processes, such systems can prove invaluable for transport professionals in helping to create a safer working environment, promoting confidence among personnel and passengers, and assuring passengers who are fearful about the current pandemic that all possible precautions are being taken during their journey. Managing occupancy across bus and rail Monitoring the movement of staff and passengers is an essential part of being able to maintain a safe operation. Through the utilisation of surveillance cameras at entrances and exit points, as well as at key areas within transport terminals and on the transport mode itself, occupancy thresholds can be determined to ensure passenger numbers do not exceed safe limits. Network surveillance cameras, accessed via mobile device, can enable transport officials to check passenger flow in real-time, while live alerts to warn that health and safety protocols are being breached, enable swift drafting of security or operations personnel to address the situation. Live alerts to warn that health and safety protocols are being breached Through internet of things (IoT) connectivity, additional devices can be easily added to complement the surveillance solution and unlock further benefits. Network audio speakers can be triggered to play pre-recorded messages to alert or inform passengers. Similarly, frictionless access control, enabling customers and staff to move ‘hands-free’ through gateways and ticket checkpoints to avoid viral spread, is made possible by having an access reader which is activated, for example, via QR codes on a mobile phone. And when access readers are integrated with surveillance cameras, this will act as a second layer of authentication to grant or refuse access based on valid staff credentials. Improving security in challenging times Such technologies, interconnected and able to share data, can be used to more effectively report in real time on activity that threatens to have an adverse effect on passengers, staff and the transport environment. Significant parts of the rail network are relatively unmonitored, and inevitably these areas are more vulnerable to vandalism. Similarly, on bus services, abuse of passengers and staff, and acts of criminal behaviour remain a concern. By alerting security staff to a developing situation before it occurs, an incident can be dealt with quickly, minimising disruption to transport services. Cloud based technology can be relied on Cloud based technology can be relied on to not only help improve current services, around passenger occupancy in the current pandemic, but also to help transport officials plan for the security challenges of the future. Simple customisation and easy scalability, plus software upgrades and firmware updates to ensure the system is always up to date and operational, form essential components of a future proof solution which is capable of bringing peace of mind to the transport industry. Additionally, predicted future benefits include the potential for customers to check transport occupancy levels via a mobile app. This would inform them of particularly busy times of passenger transit, allowing more choice over when and where to travel based on real-time data, and ultimately helping to even out passenger numbers to balance journeys and greatly improve efficiency and flow. In a busy world where the demands on our rail and bus networks are now impacted by the COVID-19 pandemic, and indeed the possibility for further related challenges in the future, such cloud-connected technologies represent a worthwhile investment.