Alcatraz AI encourages use of biometrics to minimise modern banking concerns

Credit unions and banks have long used cutting-edge technology as part of their physical security efforts. However, with crimes becoming more and more sophisticated, the technologies used to defend against them in the banking industry must follow suit. 

The question is, how exactly can current financial institutions ramp up their bank security to rise to the challenge of combating the advanced strategies of bad actors? The answer can be summed up in one word: biometrics.

Biometrics

Biometrics is the automated identification of people. With physical security systems that use biometrics, financial institutions can enjoy a higher level of security, one that safeguards the back offices’ and branches’ equipment, data, and other vital assets.

Here’s a rundown on everything users need to know about how to update bank security by leveraging biometrics.

Biometrics for bank security 

One-to-few matching ensures the user's face and its properties are in the database before authentication

Biometric physical access control works by assessing individuals’ physical characteristics to trigger their entry to secured areas. Biometric systems utilise identifiers like facial authentication to scan credentials before granting or denying admittance.

This next-gen technology is relatively new, but facial authentication compared to using fingerprints, palm veins, or iris scanning, for example, is the most precise biometric when it comes to development, advancement, and ease-of-use. One-to-few matching ensures the user's face and its properties are in the database before authentication.

Facial authentication effectiveness for bank security

Each person’s face is inherently unique no two faces are the same and that’s why biometrics like facial authentication is so effective. This type of technology makes it more difficult for unauthorised individuals to manipulate your bank’s security system to gain access to users' most essential assets. 

Standard door locks provide an insufficient level of security, as identification cards, key fobs, and keys can easily be tampered with or stolen, therefore making the lock ineffective. Biometric physical security systems provide a much more convenient and highly effective workaround for current financial institutions.

Where to use biometrics in bank

Biometrics can even be used for keeping the bank employees’ attendance and time

A top-tier biometric system that uses artificial intelligence has several uses for banks. For instance, users can increase bank security by using a biometric system to grant or deny employees access to the building as well as to the vault.

Likewise, users can use this system to control gate access during the daytime, provide visitor authentication, or determine who can access the institution’s safety deposit boxes. Likewise, biometrics can be used for controlling access to the institution’s data centres. Biometrics can even be used for keeping the bank employees’ attendance and time.

What to look for in a bank security system

A facial authentication solution like the Alcatraz Rock is ideal for protecting the financial institution’s spaces with identity authentication powered by artificial intelligence.

Users can use this solution to secure all areas of your facility. This particular product works by detecting the security breach of tailgating, where unauthorised individuals follow authorised parties to enter areas that are typically closed off. 

The Rock

The solution additionally offers the benefit of being touchless, therefore reducing health risks

The Rock also secures every restricted area to keep both your bank’s cash and data from being stolen. This technology comes with reliable and fast employee verification that mitigates risk while also enabling the uninterrupted flow of access.

The solution additionally offers the benefit of being touchless, therefore reducing health risks by decreasing touchpoints. 

Implementing a new physical security technology

Over the years, big banks and other enterprises have invested several million dollars in their physical access control systems, and they deploy these solutions vastly among their expansive real estate portfolios.

Most of these companies use the conventional proximity card reader, and some utilise mobile technologies along with traditional biometrics. Fortunately, their investments don’t have to automatically go to waste just because they decide to transition to a biometric system, like the Rock.

Real-time alerts

Alcatraz AI’s Rock has a one-of-a-kind architecture that enables customers to leave what has already been installed on their premises. Instead of removing their old technology, they can simply add Alcatraz AI’s technology to their existing hardware or access points.

The Alcatraz AI Rock doesn’t require integration. With added real-time alerts against tampering, migrating to a biometrics-driven bank security system can be seamless from start to finish.

Why choose Alcatraz AI for bank security needs?

Its autonomous access platform is designed to work anywhere, from financial institutions to data centres

Alcatraz AI is excited to improve banks’ and other organisations’ physical security while also providing a frictionless experience. Its autonomous access platform is designed to work anywhere, from financial institutions to data centres and even stadiums and arenas. 

Perhaps users are looking for solutions to increase their security, modernise current access control solutions, maintain compliance, or even create a post-pandemic touchless environment. Alcatraz has got that covered with the Rock at Alcatraz AI.

Benefits of the Alcatraz AI Rock for Bank Security

Alcatraz AI  enables frictionless access control using the award-winning, impenetrable edge solution, the Rock. The Rock is compatible with any new or existing access control system and enables the following:

• One factor, Touchless Authentication: The most highly secure and accurate credential - users' face, for passively authenticating without stopping.
• Multi-factor Authentication: Users' face is their credential, in combination with any other type of reader to seamlessly open secured spaces where 2FA is required.
• Tailgating Detection and Prevention: Instant notification and audit of unauthorised entry.
• Autonomous Enrollment and Administration: Leveraging AI at the edge, Alcatraz streamlines enrollment and ease of use.

These features come together with other Alcatraz functions to facilitate a safe and secure environment, bringing the bank operations to modern standards.