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Joint venture to combat fraud through video analytics

Human Recognition Systems : 26 June, 2007  (Company News)
3VR Security and Human Recognition Systems partner to develop techniques for combating bank fraud using intelligent video analysis.
3VR Security and Human Recognition Systems (HRS) have announced a partnership whereby HRS will resell 3VR systems to banks, retail organisations and government entities in the UK. Additionally, the partners will jointly present advanced technologies and best practices for fighting bank fraud at the IMS Video Content Analysis Conference at the London Hilton Paddington Hotel on June 26th, 2007. The session, called "Solving Real World Banking Problems with VCA-What's the Catch?", will be hosted by 3VR's CEO and co-founder, Stephen Russell, and Neil Norman, CEO and founder of HRS.

The companies were selected to share their expertise in intelligent video with the audience of dozens of security professionals at the prestigious conference. Simon Harris, Research Director at IMS Research stated, 'The management of video footage is being revolutionised by improvements in advanced search tools which can perform Google-like queries on captured data. Such developments have provided users with clear benefits in security that allow them to more efficiently and intelligently analyze captured events of interest. The market for software to analyse video content is forecast to be worth almost $600 million by 2010.'

3VR is used in leading banks, retail organizations and by government agencies as a key component of an overall security strategy. 3VR uniquely combines advanced video management, video search and powerful face, motion and other analytics in 3VR intelligent video management systems. With 3VR, organizations can effectively reduce loss, improve efficiency and expedite investigations. The 3VR system is ideal for HRS's customer base that is focused on fighting fraud and theft including banks, retail establishments, critical infrastructure, and airports.

Neil Norman of Human Recognition Systems commented, "We are committed to partnering with the best in the security business and are extremely pleased to work with 3VR. Fusing HRS's market knowledge, best practice solution development and delivery approach with 3VR's robust intelligent video management systems will allow us to effectively capture the emerging market for intelligent CCTV."

3VR systems will be available through HRS in the UK effective immediately. "We are pleased to be working with one of the most impressive integrators in the UK," said Steve Russell. "HRS brings real-world experience and best practices to the security challenge. 3VR brings the expertise in video management, search and analytics in the 3VR system. The combination is a win-win for customers."
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