Continuing Banking Modernisation Leads to more Middle East Cctv Upgrades Reports Idis

Emerging video tech applications highlighted in market focus e-book


The continuing modernisation of Middle East banking is leading to increased video upgrade opportunities for systems integrators, in the region’s finance sector and beyond, according to the latest market-focus eBook from IDIS.

Investments in corporate infrastructure, including security, are being driven by several factors says IDIS, whose Korean-made end-to-end technology has already been used for a number of large-scale banking CCTV upgrades, as well as for smaller, specialist financial sector applications.

The company’s latest guide explains the context of structural change in the sector and highlights success factors for security companies and contractors bidding for new projects.

Retail and corporate banks have recognised the need to invest in digitisation and analytics, and to embrace the opportunities of fintech to remain competitive. They are also responding to wider changes, including diversification of the region’s economies away from oil, bringing with it the need to raise capital on global markets. At the same time, authorities have further tightened compliance, to counter cybersecurity risk, money laundering and fraud. For the sector’s risk-averse institutions, compliance with increasingly stringent national, regional, and global regulations is non-negotiable.

The resulting investments that are taking place in video surveillance are multi-year journeys, and institutions have shown themselves willing to commit significant time, manpower and resources to achieve the best long-term return on investment (RoI) said Dennis Choi, General Manager, IDIS Middle East & Africa.

Bank ATM automatic teller machines for money withdrawing. The s
Bank ATM automatic teller machines for money withdrawing. The station of self service automatic machines, Concept of banking. 3d illustration

“Video has been recognised as one of the key risk reduction measures and systems integrators and consultants who can deliver best-fit solutions, with the most proven technologies, stand to win major, ongoing contracts,” he said.

Middle East ATMs Coverage with 2MP Dome Camera
Middle East ATMs Coverage with 2MP Dome Camera

Explaining sector requirements in detail, the IDIS eBook points out that while compliance differs between states, in most countries regulations now cover live streaming, retrieval of footage, system administration, and management and control of entire estates (including ATMs) from centralised monitoring environments. Banks are also looking to provide the distributed functionality that branch managers and security teams need for dealing with events locally.

Middle East Centralised Control Room with IDIS Solution Suite VMS
Middle East Centralised Control Room with IDIS Solution Suite VMS

Project success factors covered in the report include: providing smooth migration paths with uninterrupted monitoring and recording; reducing storage and bandwidth burdens;

understanding the latest developments in multi-task VMS and AI-enabled analytics; ensuring redundancy, resilience and failover; satisfying sustainability and waste reduction concerns; and offering fairer pricing structures. Middle East banks are also increasingly looking for assurance that their video solution and VMS will allow integration of third-party tech, helping in the move away from siloed systems.

The Middle East banking e-book is available as a free, one-click download on the IDIS website.


IDIS LOGO 1


 

Leave a Comment