T
Three access control technology
pillars defining the future-ready
financial institution Pillar 2: Location services
to improve governance and
situational awareness
The convergence of technology,
innovation, new regulation and security
risks are rapidly changing banking
security ecosystems. Typically, IT security
is the main focus for mitigating these risks,
says WISAM YAGHMOUR, REGIONAL
SALES DIRECTOR, HID GLOBAL. Real time location systems offer
similarly transformative opportunities
by enhancing area governance. This
enables institutions to improve visibility
and situational awareness, so they can
ensure safety while protecting critical
assets. Combining IoT solutions with
predictive analytics, today’s location
services solutions enable financial
institutions to improve real-time visibility
through knowing the precise location of
assets, employees and visitors.
Here, he discusses why physical security
also plays a major role in preventing
security breaches and shoring up an
institution’s image.
In speaking to our financial services
customers, three access control
technology pillars are always at the
forefront of our discussions, each driven
by desired business outcomes and
expectations of the future.
Pillar 1: Going mobile
By 2020, Gartner Inc estimates that 20%
of physical access control solutions will
be shaped by mobile technology and
cloud architectures.
Mobile access control IDs have the
potential to fundamentally change how
banks operate. They give employees the
convenience of using their smartphones,
tablets or wearable devices to do
everything from accessing doors, gates
and networks to opening electronic
locks, securely releasing documents
from the printer, purchasing snacks from
the vending machine and ‘punching in’
to time and attendance systems.
Wisam Yaghmour, Regional Sales Director,
HID Global
www.intelligentciso.com
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Issue 12
FEATURE
Available as a stand-alone capability or
integral feature of an existing card-based
system, solutions like HID Mobile Access
make it easy to manage employee access
rights while taking advantage of automated
flows that increase administrative
efficiency for issuing and revoking mobile
IDs. Powered by Seos, HID Mobile Access
delivers best-in-class cryptography for
unrivalled data and privacy protection
for access control. This also simplifies
compliance to major privacy frameworks,
such as GDPR and Privacy Shield, by
ensuring that no personally identifiable
information or financial data is stored.
Employees benefit from the ability to
locate needed assets, and institutions
gain valuable knowledge about building
occupancy and employee location,
so they can facilitate evacuations
and emergency responses while also
meeting requirements related to access
policies, time-and-attendance logging
and building safety.
Physical security
also plays a major
role in preventing
security breaches
and shoring up an
institution’s image.
Precise real-time and proximity location
capabilities make it significantly easier
to manage who enters and exits the
building, and to control where, when and
why they can access specific areas and
information resources.
Pillar 3: The connected
security ecosystem
Adding mobile access control and
location services to standards-based
physical access control systems gives
financial institutions a solid foundation
for incorporating other valuable risk-
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