Bank of New Zealand goes with March Networks video solution

The Bank of New Zealand has selected the R5 Visual Intelligence management software and networked video systems from March Networks, a leading provider of intelligent IP video and business analysis applications, for more than 170 retail banking branches throughout New Zealand.

Approximately 80 units have already been installed and the rollout is expected to be completed by the end of 2008.

Headquartered in Auckland, the Bank of New Zealand is the country’s third largest financial institution, with assets of more than NZ $50 bln. Its operations include retail banking branches, online services and more than 400 automated teller machines (ATMs). It is also affiliated with banks and financial service companies in 15 countries through its parent organization, National Australia Bank Group.

The Bank of New Zealand will use the March Networks solution to enhance loss prevention and security operations and efficiencies across its retail footprint. The software provides the bank with centralized video network management and health monitoring for optimal performance and reliability, as well as integrated authentication for added security and convenience.

The solution also supports advanced business analysis applications, such as ATM and teller transaction data integration.

“The March Networks systems deliver the investigation and administration capabilities we need to work effectively and ensure the security of our customers, employees and assets,” said Mike Byrne, Head of Fraud and Security, Bank of New Zealand.