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News

Mexican Bank Takes VMS and NVR Package From March Networks

March Networks : 27 October, 2010  (Application Story)
Million dollar surveillance deal struck with Banorte bank in Mexico for video management software and hybrid network video recorders for CCTV system upgrade
Mexican Bank Takes VMS and NVR Package From March Networks
Banorte, one of Mexico's five largest national banks, has selected March Network's video management software and hybrid NVRs to upgrade its existing surveillance systems across more than 1,100 branches. The win with Banorte, valued at approximately $1.2 million, builds on March Networks' success providing its Financial Solutions to a growing customer base that currently includes more than 400 financial institutions worldwide.

For the past five years, Banorte has relied on March Networks for security and high-quality video evidence. The financial institution will now deploy the company's next-generation systems to take advantage of integrated case management and fraud investigation tools, and prepare for future fraud prevention applications available in the Financial Solutions portfolio. Banorte continues to select the March Networks offering based on its ability to outpace competitive offerings in such areas as up-time levels, scalability, and ease of operation.

"The March Networks solution delivers the reliability and critical video management we need to effectively safeguard our customers, staff and operations," said Banorte's Security and Protection group. "It also gives us the flexibility to deploy IP cameras and advanced analytics when and where required."

In addition, the solution's exceptional video compression will enable Banorte to reduce its bandwidth usage by as much as 25 percent. The improved efficiency is important given Mexican government legislation that requires banks to send video surveillance images from every alarm over low-bandwidth connections to a Seproban central monitoring location in a coordinated effort to combat crime.

"Hundreds of financial institutions around the world are using our proven solutions to enhance security across their enterprise and reduce losses from fraud and other criminal activity," said Paul Novak, March Networks General Manager, Global Financial Solutions. "Many of these banks, such as Banorte, are long-term March Networks customers who not only continue to select our solutions but also recommend them to their industry peers."
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