Provident Bank rolls out Verint video surveillance system

Source: Verint Systems

Verint Systems (NASDAQ: VRNT), a leading provider of analytic software-based solutions for security and business intelligence, today announced that Provident Bank, headquartered in Baltimore, MD, has deployed Verint's Networked Video solution to enhance security at approximately 150 branch locations and 250 Automated Teller Machines (ATMs) located throughout Maryland, Washington D.C. and Central Virginia.

With more than $6.4 billion in assets, Provident Bank is the second largest independent bank headquartered in Maryland. Since 1886, Provident Bank has provided traditional financial services to retail banking customers, and offered related financial services through wholly owned subsidiaries, including securities brokerage, investment management and related insurance services through the Provident Investment Center.

Verint's Networked Video solution, deployed over the past year, enables Provident Bank to centrally monitor activities at its retail branches, in-store retail locations and ATMs and to distribute video intelligence across the Provident Bank intranet to authorized security personnel to enhance fraud prevention and investigations and to help resolve customer disputes in a timely manner.

"For more than 120 years, Provident Bank has provided a safe and convenient service experience to our customers throughout the Mid-Atlantic region," said Michael Collins, Security Manager, Provident Bank. "Verint's solutions and their deep understanding of the unique security challenges that face the banking industry will help us to maintain this tradition of providing secure and flexible financial solutions that fit the lives of our customers."

Verint's Networked Video Solutions enable organizations of all sizes, from small and mid-sized enterprises to major government and commercial organizations, to enhance the security of their facilities and infrastructure and the performance of their business operations by networking video across multiple locations and applying advanced content analytics to extract actionable intelligence from live and stored video. By alerting security personnel to potential security threats, Nextiva helps organizations prevent security breaches, improve response time and enhance operational efficiency.

"Verint has a significant presence in the retail banking market and we are pleased to help Provident Bank effectively address their security requirements," said Dan Bodner, Verint's CEO and President. "Our networked video solutions are designed to provide multi-site institutions with the actionable intelligence they need to maintain secure operations, prevent fraud and rapidly resolve internal investigations."

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