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Muthoot Fincorp enhances branch security with a combination of technologies

Madhav Mohan | July 1, 2016
Muthoot Fincorp CIO, Nilakantan Krishnan, adopted a combination of technologies like IoT, mobility and cloud to secure its branches and brought down pending issues from 40 percent to 26 percent.

"The system correlates events from multiple sources like motion detection, door movement and video loss, and deliver concerted advice along with video clip evidence for mobile emergency response team to act. The whole process is tuned in such a way that the nearest quick-reaction team reaches the site within 30 minutes of alert generation. And that has gone a long way in securing the organization's valuable assets," says Muraleedharan.

"To outsmart the tech savvy intruders, the embedded system is installed in a camouflaged mode in the branch network and the software is capable of running from desktops in fault tolerant mode. The initial roll out is in this mode," says Arun.

Muthoot Fincorp reaped rich dividends following the implementation of the project. After going live, they get to know immediately when the camera or DVR are not operational. "In short, our pending issues have come down from 40 percent to 26 percent." explains Muraleedharan.

Source: CIO India

 

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