Why Banks Choose DMP: Streamlined Audit Reporting Capabilities for Efficiency and Compliance

Why Banks Choose DMP: Streamlined Audit Reporting Capabilities for Efficiency and Compliance
ESA — April 27, 2021

Spotlight on Banking and Finance

With tens of thousands of installations throughout North and South America, DMP is the financial industry’s most trusted name in security with fully integrated systems for intrusion, fire and access control. Since 1975, DMP has been delivering cost-effective solutions, scaled to your financial organization’s needs. In this series of Banking and Financial White Papers, we’ll spotlight a few specific reasons why banks choose DMP.

 

Why Banks Choose DMP: Streamlined Audit Reporting Capabilities for Efficiency and Compliance

Financial institutions that take a strategic approach toward regulatory reporting understand the value of having a security partner like DMP. While ensuring the security of their patrons, employees and assets, those who rely on DMP also have the ability to streamline their compliance efforts.

For instance, to ensure the highest levels of operational integrity, institutions require reliable audit trails — DMP addresses that need with systems to easily track events and user activity. That information is readily available to authorized employees or IT managers, including reports that allow them to quickly drill down to the desired data. The XR Series™ control panel continues to deliver an impressive set of audit reporting features designed for enterprise-level compliance — as such, there is no substitution for the XR Series’ solutions. In this white paper, we’ll highlight a few of those specifically designed features.

 

Zone Supervision/Inactive Zone Auditing

To ensure the integrity of the security system, safety directors must provide evidence proving that every zone is working as it should — for large enterprises, that can mean hiring a contractor to inspect every zone throughout your facilities. DMP provides an easier auditing solution that supervises every zone across a system, regardless if they’re in an armed or disarmed status. Your security director sets the panel to conduct a test in a selected number of days. If a zone doesn’t change status over that time period, an “Inactive Zone” message is sent to the monitoring center with the zone name, number and account number. This allows you to ensure the integrity of your system by notifying you if a zone isn’t working. It also adds accountability for services your contractors are paid to perform.

 

Late to Open

Likewise, the control panel’s Late to Open feature ensures staff accountability without the hassle of manually logging reports. If a branch has not disarmed its security system within a selected number of minutes after the “opening time schedule,” a “Late to Open” message is automatically sent to the monitoring center. Your facility remains in compliance while you’re also tightening security for the protection of your employees and assets.

 

Early to Close

If the alarm system arms within a selected number of minutes prior to the scheduled closing time, an “Early to Close” message is automatically sent to the monitoring center, creating the required audit report. While ensuring the accountability of your staff, the XR Series’ Early to Close feature, like Late to Open, also tightens security.

 

Dual Authority/Card Plus Pin

With this feature, you can eliminate the need to manually maintain opening/closing logs because they’re automatically entered into your database. This feature requires that two user codes be entered on the keypad before granting access to a specific area. For audit compliance, you can automate the report to be sent to whomever you want to on a regular basis. Additionally, if you’re concerned about lost cards or key fob credentials, the Card Plus Pin feature delivers an option that requires the presentation of a credential to the reader followed by entering the pin before the system will disarm selected areas.

 

UIOLI / Inactive User Monitoring / Revocation to Baseline

For large financial centers with hundreds of thousands of employees and vendors, keeping your database up to date and eliminating inactive users is easier said than done. Actually, with the XR Series’ “use it or lose it” feature, it really is that easy. If a code is not used within a programmable number of days, the panel will automatically transmit the user’s name, number and an “inactive user” message to the monitoring center. No matter how many users are on a system, this gives you an automatic way of maintaining audit compliance by validating your assigned credentials. Your security directors will love the automation of this feature. On a continual basis, you can automatically send out a message to notify employees before their credentials expire. Additionally, when employees transfer within the company to other positions, the system automatically revokes access back to baseline, eliminating the chance of an employee having access to areas they no longer need.

 

AES 128- or 256-bit Encryption

In the world of finance, data security is serious business. To protect your data from being intercepted by third parties, DMP uses the standard bank-level encryption — 128-bit or 256-bit advanced encryption standard (AES). Having encryption in place secures alarm communications across your entire network. At the local level, communication is also encrypted from the panel to each of your duress and access devices. One such device is DMP’s exclusive 1144 Series Key Fob. At the request of one nationwide bank security director, we incorporated access control credentials into panic buttons so that every employee would conveniently have a panic button on them at all times. From virtually any part of the work campus, the 1144 key fob can silently signal an emergency — that’s because each one is designed with DMP’s reliable Two-Way™ Wireless and can communicate up to 1.7 miles open air with a high-power receiver. This application has now become standard at several large financial institutions.

 

One Integrated System Gives You Cost Savings, Convenience and Compliance

DMP’s XR Series control panel delivers an integrated intrusion, fire and access control solution that’s specifically designed with features the financial industry must have in order to meet the ever evolving regulatory, shareholder and audit requirements. And, as our financial partners have requested new features to address their challenges, we’ve consistently responded with solutions. Additionally, we’ve made this panel even easier to program and manage across large enterprise applications. But if you think the XR Series control panel is what makes DMP the trusted name among financial institutions, you’d only partially be right. Granted, the XR Series gives customers a single system to purchase, install and maintain. Additionally, customers appreciate the value of a streamlined user experience, decreased training rigor and consistency in program executions. But in order to design such a powerful solution, our first and foremost commitment to our customers is earning their trust by listening. We understand, for instance, our customers need an integrated approach that not only gives them intrusion and fire but access control, all in one system. If you’d like to take a look at other exclusive banking features, click here for a spotlight on the five fundamentals of DMP’s access control. To discuss further how DMP can help your business, please contact us at FinancialSolutions@DMP.com.

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