March Networks secures Canadian banks

The first phase of the project is expected to be completed by October 2010.

"Our Videosphere solution is unparalleled in meeting the sector's exacting security requirements and we are honored that it has been selected by the majority of ‘Big Five' Canadian banks," Peter Strom, President and CEO, March Networks, said.

Citing reasons of financial security, Strom declined to identify the client.

The financial institution selected the March Networks solution after a rigorous vendor review and trial process, citing reliability, centralised management capabilities and ease of use as key March Networks' differentiators.

The Videosphere portfolio delivers a scalable, end-to-end, high-definition (HD) security solution that provides security staff with an intuitive way to manage cases and accelerate investigations.

With advanced analytic applications and video capture capability at the ATM/bank teller level, March Networks says the solution will significantly reduce losses from ATM skimming and other fraudulent activity.

Software analytics such as queue line monitoring, people counting, and facial detection enable Videosphere customers to realise greater overall efficiency through improved operations.

In addition, the Videosphere Banking Solution expands to include HD IP camera capabilities on the same device, delivering support for future growth.