Three Ways Banks Can Benefit from AI-Powered IP Cameras

Over the past 15 years, security cameras have evolved from offering basic video motion detection to offering analytics powered by Artificial Intelligence (AI). AI analytics provide greater accuracy than those of the previous generation because machine learning algorithms are applied to the video, allowing the camera to detect specific objects.

So how exactly can AI analytics benefit a bank? Here are a few examples: Loitering detection: Many banks have issues with loitering, particularly in ATM vestibules. With IP cameras with an AI-powered loitering detection analytic, you can be notified when there is suspicious behavior near your bank machines. You can do this by configuring a defined zone around the ATM and a timeframe (the length of time you would consider to be loitering). For example, if your branch closes at 8 p.m., you can have the analytic trigger when a person is near the ATM after 8 p.m. for more than 10 minutes. You’ll be alerted immediately so you can investigate right away.

Learn about suspicious vehicles: When your drive-thru ATM cameras are equipped with an AI-powered stopped vehicle analytic, you can detect when a vehicle has been sitting idle for too long. For example, if you notice a car sitting at the drive-thru ATM for more than 10 minutes, you can be alerted. With a sophisticated video surveillance system, you can get alerts sent to your phone any time of day so you can get a clear shot of the car and its licence plate.

Get alerts for zone breaches and wrong direction: IP cameras with AI analytics can alert you if a person has entered an area that’s off limits, as well as if someone is moving in the wrong direction – for example, not following the designated flow of foot traffic. The same analytics can be applied outside the branch. For example, you can be notified immediately if a vehicle has entered the drive-thru ATM from the wrong way, or if a person or vehicle has entered a zone that’s normally off limits – for example, near your branch’s back door.

Beyond security analytics, today’s IP cameras offer many other great features that can help banks improve security and investigations. Cameras offering Digital Overlap High
Dynamic Range (DOL-HDR), for example, are great for the challenging lighting conditions found in many branches. Banks often have glass windows and glass doors that can make capturing clear surveil- lance video particularly challenging.

Using a high-resolution (6MP or 8MP) camera with DOL-HDR, you’ll be able to pick up a person’s face or a vehicle’s licence plate in great detail, even in dynamic lighting. Sometimes ATM vestibules have very harsh lighting and using a standard security camera can result in a person’s face being blurred when camera exposures are mixed. With DOL-HDR, multiple exposures are blended, so you get the best balance of lighting possible.

A focus on security and compliance is paramount for banks. IP cameras with AI analytics can make this job much easier, reducing both false alarms and the burden on branch staff so you can instead focus on your bank’s business.