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  • March Networks Searchlight Delivers Speed And Effectiveness To Banking Fraud Investigations

27th March 2012

March Networks Searchlight Delivers Speed And Effectiveness To Banking Fraud Investigations

march networksMarch Networks®, a global provider of intelligent IP video solutions and the supplier of banking video surveillance systems in the Americas, is pleased to announce enhancements to its Searchlight applications portfolio to help banks and credit unions further reduce losses from ATM fraud, cash harvesting and other crimes. The latest Searchlight features include a new color detection analytic, improved facial detection, and a new snapshot timeline that combine to triple an investigator’s search capabilities – allowing them to conduct fraud investigations even faster and build better case evidence.

The March Networks Searchlight portfolio consists of Financial Transaction Investigation software, which synchronizes ATM and teller transaction records with high-quality surveillance video to improve investigator performance and streamline case management. It also includes powerful Skimming Detection, Image Tracker and License Plate Tracker applications that enable banks to proactively detect fraudulent activity at ATMs and gather stronger case evidence through centralized searches that correlate video, transaction information, facial images and license plate data.

A new color detection analytic introduces yet another layer of evidence filtering to aid and speed searches across any number of banking locations simultaneously. Investigators can search ATM lobby footage for a suspect wearing a red shirt, for example, or combine that search parameter with specific banking card numbers or ATM transaction amounts to zero in on evidence even more quickly. Searchlight’s enhanced facial detection analytic automatically captures the best instance of a customer’s face during a transaction, providing more reliable identification for investigations and law enforcement. And a new visual timeline, which offers investigators a scrolling line-up of corresponding images for any selected timeframe, helps investigators swiftly narrow searches.

“Fraudulent transactions at ATMs and teller stations costs banks an estimated $1 billion annually and many feel that number may actually be much higher,” said Net Payne, Chief Marketing Officer, March Networks. “Our Searchlight applications enable financial institutions to cut those losses dramatically, reduce the time and costs associated with each investigation, and realize a measurable return on their investment.”

March Networks’ comprehensive Financial Solutions include the Searchlight portfolio, as well as enterprise-class hybrid recording systems, high-definition IP cameras and Visual Intelligence video management software. Its solutions are proven in more than 450 banks and credit unions worldwide, including six of the top 10 U.S. banks, five of the seven largest banks in Mexico, the majority of Canada’s top five financial institutions, and leading banks across Europe, the Middle East and Asia Pacific. The company will demonstrate its complete Financial Solutions in Booth 24075 at the ISC West International Security Conference and Exposition this March 28th to 30th in Las Vegas.

This entry was posted on Tuesday, March 27th, 2012 at 12:15 pm and is filed under Business News, Events, National News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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