bfsi

BFSI


OVERVIEW

The business of banks or financial institutes is based on how well it can prove its seriousness regarding their customers’ assets and investments. Reputation or profitability of the banking sector depends on what kind of security they provide to their customers and their assets. Whether it is a small retail branch or a large corporate banking or any financial institute, safety and security is always a concern for any customer. To have satisfied clients, financial institutes look for a technologically upgraded product that is highly reliable, easy to use and capable of connecting with all their branches. Matrix’s advanced biometric solution is a range of intelligently designed products to meet all critical requirements of the Banking industry. Matrix offers security solutions for Retail, Corporate Banks and Financial Institutes. Matrix supports the banking sector to meet their demand of access control, attendance management, multi-site connectivity, centralized report generation, leave management, holiday management, employee self-service and payroll integration.


Benefits

  • Enhanced Security of Assets
  • Accurate Attendance Management of Multiple Locations
  • Improves Productivity of HR and Employees
  • Quick Actions on Exceptions
  • Increases Employee Morale
  • Effective Holiday Management
Benefits

Solutions

Restrict Access in Secured Areas

Restrict Access in Secured Areas

BFSI organizations have certain sensitive areas that contain valuable assets of its customers such as cash, gold, data, documents, etc. Securing the assets of customers is challenging for a single individual. Furthermore, having a single layer security may also lead to issues such as theft. Matrix Access Control is a comprehensive and flexible solution that is designed to meet the requirements of banking and financial institutes. It allows access to the users only after a set of verification rules have been followed. In case of unauthorized access or security breach, SMS notification is sent to the respective authority on an immediate basis.

Centralized Planning and Control of Working Hours/Holidays/Leaves

Centralized Planning and Control of Working Hours/Holidays/Leaves

Banks and financial institutions operate through multiple branches spread across countries, regions and states. Different countries/states have their own local-regional laws, timings, festivals and holidays. HR/Admin personnel at the head office need to define and monitor organization-wise timings and leave polices to ensure balance between legal compliance, organization’s productivity and employee satisfaction. It requires tremendous efforts in planning, communication and monitoring of time-attendance policies. Matrix COSEC Time-Attendance solution encompasses 32 regional diversities with different timings, festivals and holiday schedules.

Flexibility and Scalability is the Key

Flexibility and Scalability is the Key

In addition to centralized control, flexibility and scalability are equally important for most BFSI organizations. Matrix COSEC can scale up to 65,000 locations and one million users without having to change any hardware or software. COSEC offers multiple templates and options to cater to any futuristic complex time-attendance and access control needs. In contrast to many customized solutions, Matrix COSEC not only meets today’s defined requirements, but it is engineered to meet tomorrow’s growing and dynamic user scenarios.

Defining and Tracking Time-Attendance for Field Employees

Defining and Tracking Time-Attendance for Field Employees

Most BFSI organizations employ large number of field employees for customer service. On one hand, an organization would like to monitor its field employees’ timings and whereabouts. On the other hand, travel and traffic constraints pose time and cost challenges for these people to visit their offices only to mark their attendance. With browser and mobile applications, Matrix COSEC allows field and office employees to mark their attendance, apply-approve leaves/tours from their PC, laptops, tablets and smart phones. When an employee marks his or her attendance, COSEC mobile app uses GPS to read and verify the person’s location and sends these coordinates to the server.

Monitor High Risk Areas 24×7

Monitor High Risk Areas 24×7

Banks and financial institutes have a lot of areas where redundancy and real-time information about any security breach needs to be addressed instantly. To ensure that high level of security is maintained 24×7, Matrix devices use gold plated PCB. The PCB consists of reliable components that are suitable for continuous functioning in extreme conditions. Furthermore, in case of security breach, the system sends real-time SMS or Email Notifications in order to prevent damage or loss of valuable assets.

Save Manpower Cost and Improve Productivity

Save Manpower Cost and Improve Productivity

Matrix solution allows centralized management of all branches from a single location, which in turn saves admin/security personnel cost incurred for each of its branches. Furthermore, continuous monitoring improves employee productivity. The solution also helps BFSI organizations make smart decisions after a detailed analysis of their daily functioning pattern.

Reduce Probability of Security Breach by 80%

Reduce Probability of Security Breach by 80%

Due to the nature of business, it is essential that BFSI organizations implement double layered defense for preventing security breach. Matrix allows a unique database level integration of Video Surveillance with its biometric and card based Access Control and Time-Attendance. This ensures that there is a pictorial and data evidence of any malicious activity that occurred in the organization.

Customers

  • Shriram Transport Finance Corporation
  • Mahindra and Mahindra Financial Services Ltd
  • SBI Mutual Find
  • IndusInd Bank
  • SREI Infrastructure Finance Ltd
  • Sundaram Finance
  • Gruh Finance
  • Apex Bank
  • Bandhan Bank
  • UTI bank
  • Islamic Development Bank (Iraq)
  • NBQ Bank (UAE)
  • Reserve Bank of India
  • Vijaya Bank
  • India Nivesh Securities Ltd
  • RMS Risk Management Solutions Pvt. Ltd.
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