30/08/2011
March Networks ranked as banking No.1 in latest IMS Research report
Ontario, Canada
“We are very proud of our top market share ranking and continue to see strong growth opportunities on a global basis in this very important category. Losses from fraudulent activities, such as ATM skimming and cash harvesting, are a global problem and are estimated to cost banks more than $1 billion in annual losses. With this growing threat, banks are increasingly turning to March Networks to help them protect their bottom line,” said Peter Strom, President and Chief Executive Officer, March Networks.
One of March Networks’ top-tiered U.S. financial customers, for example, said it had tripled its annual fraud recovery target and saved millions of dollars in profits after deploying the company’s Financial Transaction Investigation (FTI) software and hybrid video surveillance system. In addition to FTI, March Networks’ Financial Solutions include Searchlight Skimming Detection and advanced case management software that enables banks to conduct investigations quickly, lower costs per investigation, and build stronger case evidence to support successful prosecutions.
The portfolio also includes powerful video management software, high-definition IP cameras, and industry-leading hybrid network video recorders (NVRs) that protect customers’ existing investments in analog CCTV infrastructure while supporting a cost-effective migration path to all-IP video.
This is the second time in as many months that March Networks has been recognised for its leading position in the Americas marketplace. The company was also ranked the No.1 provider of enterprise DVRs in the Americas by IMS Research in its report “The Americas Market for CCTV and Video Surveillance Equipment – 2011 Edition”.