Bank

Enhancing Bank Security with Industrial IOT Smart Locking Solutions

Deficiencies of the Original Model

1、Mechanical key risks Mechanical keys are at risk of being lost or duplicated; management is not standardized, and the phenomenon of random opening is common; the separation of box and lock poses risks of artificial management loopholes. 

2、High management cost Personnel changes, the process of keeping spare keys is complex; there are mixed posts in handover and custody, and the procedures are cumbersome; the locks of different equipment brands and models are different.

3、Tail box condition risks Traditional Class A cash boxes have no electronic information on opening and closing; the location information of the cash boxes cannot be monitored in real time; mechanical locks cannot be authorized for opening the boxes. 

4、Backward original technology The manual and mechanical operation methods have no trace of informatization. While bringing risks, they also hold back the construction of financial technology in major banks and cause great inconvenience to the management work of managers. 

Scientific process, clear responsibilities, ensure safety, and efficient operation

The Role of Security in Banking Infrastructure:

Banks face a myriad of security threats, from internal breaches and unauthorized access to external threats such as theft and vandalism. Safeguarding physical assets, including vaults, server rooms, and branch entrances, is critical. Traditional mechanical locks often fall short in today’s digital world due to their vulnerability to unauthorized duplication and lack of real-time monitoring capabilities.

Our Industrial IoT smart locks provide a modern alternative, seamlessly integrating with a bank's security infrastructure to offer not only physical protection but also digital oversight.

Advanced Authentication and Access Control:

One of the key advantages of our smart locks lies in their advanced authentication systems. Leveraging technologies such as biometrics, RFID, and PIN codes, our locks offer multi-layered security protocols. These locks ensure that only authorized personnel can access restricted areas within a bank, such as safes, vaults, and data centers. Unlike traditional locks, which rely on physical keys, our system prevents unauthorized access by requiring unique, verifiable identification methods.

Furthermore, by integrating with the bank’s existing identity management systems, our locks enable dynamic user permissions. This means that the bank can easily manage who has access to what areas and can instantly revoke or alter access rights in response to security threats.

Real-Time Monitoring and Remote Management:

One of the primary benefits of Industrial IoT smart locks is their ability to provide real-time monitoring. Banks can now track who enters and exits secured areas, and when, via centralized control panels or mobile apps. This visibility is crucial for detecting suspicious activity and identifying any potential security breaches before they escalate.

Our locks can also be monitored and controlled remotely. If a bank’s security team detects unusual activity, they can lock or unlock doors remotely, or even lock down entire facilities if necessary. This level of flexibility not only enhances the physical security but also helps banks respond to emergencies in a timely manner.

Application Scenarios

Enhanced Physical Security with Remote Locking:

Our smart locks offer advanced physical security features such as tamper alerts, automatic locking, and real-time breach detection. Each lock is equipped with sensors that can detect forced entry, attempts at tampering, or malfunction. If the system detects any unauthorized physical intrusion or tampering attempt, it triggers an immediate alert to security personnel.
In high-risk areas such as vaults, these locks can be configured to automatically lock after a certain time, further reducing the potential for human error or oversight. By providing a heightened level of physical security, our locks serve as a deterrent to would-be intruders.

Integration with Existing Security Systems:

Our IoT smart locks are designed to integrate seamlessly with a bank’s existing security infrastructure, including surveillance cameras, alarm systems, and fire detection systems. This interoperability enhances the bank's overall security ecosystem, allowing for centralized control and monitoring across multiple devices.

By integrating with surveillance cameras, our locks can trigger automated actions such as locking doors or notifying security personnel in the event of an unauthorized access attempt. Additionally, integration with alarm systems enables the lock to trigger alerts and provide real-time updates to local authorities in the case of an emergency.

Increased Efficiency and Cost-Effectiveness:

While initial investment in smart locks may be higher than traditional mechanical locks, the long-term savings and increased efficiency are substantial. By eliminating the need for physical key management, costly rekeying services, and manual security audits, our smart locks offer banks an automated, cost-effective solution to security management.

Furthermore, the scalability of our system means that banks can easily expand their use of smart locks as their infrastructure grows. With IoT-enabled locks, banks can maintain a high level of security across multiple branches, ATMs, and even remote offices without the need for extensive on-site security staff.

Deployment is simple. Branches only need to replace the padlocks and basically do not change the original operation habits;

According to the rules and regulations, formulate periodic/long-term and flexible unlocking tasks such as single-person/double-person;

Locks are distributed with boxes (bags), and the usage scenarios of different bags and boxes are distinguished according to the task scenarios;

The structure is stable and adapted to the complex escort environment.

Active Intelligent Cash Box

Hardware advantages

Expected effect

1.The intelligent lock verifies the identity of the person unlocking it through fingerprint. The physical tail box has the intelligent lock built-in. When the person leaves the post and closes the cover, it will be automatically locked, solving the problem of the box being unlocked when the person leaves. The safety factor is further enhanced.  

2.Using fingerprint keys to unlock the lock eliminates the links of keeping the locks, keys and lock registration, greatly improving the working efficiency at the grassroots level. Take the Gundo Branch as an example. After the pilot, several time-consuming links were eliminated. For example, for the keys kept in the safe deposit box, it was necessary to wait for two people to open the safe deposit box and take out the keys. For those involving key handover, it was necessary to go through the sending and receiving operations of the transferor, the recipient and the supervisor in the E handover system. 

3.A large number of physical keys kept at the outlets were cancelled, and some frequently occurring problems in the operation and custody links were effectively rectified. Take the Gundo Branch as an example. After the online application, the number of physical keys kept at the outlets decreased by 38. 

4.It makes up for the deficiencies of the traditional physical tail box locks. All the information of lock opening and closing and handover operations is automatically retained in the electronic log, making the accountability traceability more clear. Abnormal behaviors such as opening the physical tail box and intelligent counter during non-business hours are monitored in a timely manner.  

Expected effect

The "Internet of Things Digital Operation Platform" can effectively solve the problems encountered in the current operation of cash boxes in the entire bank in terms of inbound and outbound storage, escorting, custody, and the actual management of various types of controllable locks at outlets, such as large risk exposures, difficult system implementation, and personnel solidification. It is expected to achieve the goals of refined management, efficient operation efficiency, strict risk control, and revitalization of human resources in each osition.  

The banking sector is constantly evolving, and so too is the landscape of security threats. Our Industrial IoT smart locking solutions are designed to be future-proof. Regular software updates ensure that the system is always equipped with the latest security protocols and features to combat emerging threats. Additionally, our locks are compatible with future technological advancements, allowing banks to upgrade their security systems as new innovations emerge.

By investing in our smart locks, banks can ensure that they are prepared for the security challenges of tomorrow, today.

In conclusion, our Industrial IoT smart locking solutions provide an invaluable tool for enhancing security within the banking industry. By combining advanced authentication, real-time monitoring, automated audit trails, and seamless integration with existing systems, our locks offer a comprehensive security solution that meets the highest industry standards. As security threats continue to evolve, so too must the tools that banks use to protect their assets and customers. Our IoT-enabled locks represent the ultimate in bank security, providing a reliable, scalable, and flexible solution for the modern banking environment.

For more information on how our IoT smart locks can transform your bank's security infrastructure, contact us today.