Finance /global/scaled/800x348x0x156x800x348/Other-Trakacom-Images-Finance vertical market.jpg Reduce operational inefficiencies, manage regulation compliance and improve security measures with streamlined key management Intelligent access control and advanced key management can help financial institutions get ahead of the challenges facing the industry, grow revenue and lead in the next era. Traka key management solutions allow you to secure, manage and audit keys while also gaining a comprehensive audit trail of every key and user in real-time. With unique identification data, centralised management and eliminating manual key tracking, you will lower operational costs and increase revenue opportunities. In addition to streamlining operations and meeting regulation compliance, smart key management systems provide unique user authentication, enhanced key storage, individual key access specifications and 24/7 key tracking. Reducing operational inefficiencies Extensive costs can be reduced with streamlined key management and access control by automating and streamlining bank key management operations, your employees will have more time to focus on valuable revenue-generating tasks such as enhanced customer service, customised sales opportunities, increased upselling and cross-selling potential, additional outbound sales efforts and more. With Traka’s key management system, you’ll reduce time inefficiencies and unnecessary operating expenses, allowing for more revenue generation. Benefits: Simplified business and operation models More revenue-generating activities Reduction of wasteful operational expenses Overall greater profitability Managing regulation compliance The top challenge and #1 investment priority for retail banks is complying with consistently expanding bank regulations. With both physical and cyber security threats, banks struggle to keep up with the multitude of organisational systems and regulation acts that are constantly being updated and changed. Digital key management software, on the other hand, is prone to hacking and leaves many banks with extensive costs accumulated from digital access control integration. This is where Traka’s intelligent key management solutions come in—the best at managing compliance with total accountability, regulation compliance and standardised processes, these systems leave no room for error or cyber threats. Benefits: Proactively manage risk and regulations Reduced susceptibility to cybersecurity threats No financial penalties or damaged reputation Improving security measures Keys are an important part of physical security in financial institutions but are you managing them with the highest level of control and monitoring? If you currently let employees take essential keys off site, manually log key usage or write down digital codes and passwords, you could open the doors to physical security risks. Intelligent key management systems allow for you to maintain total control and monitoring of keys to prevent these risks from occurring. Benefits: Simplified business and operation models Proactively manage risk and regulations Less physical threats to personnel and customers *Source: Agarwal, Amit and Saxena, Aditya. “Reducing Overhead Costs in Banks.” Business Line. June, 9, 2009. **Source: “Retail Banking 2020: Evolution or Revolution?” PwC. 2014. Want to learn more about our finance solutions?