Key Management Solutions For Banking And Financial Organizations

Security and risk prevention are important business of banking industry. In the era of digital finance, this element has not diminished. It includes not only external threats, but also operational risks from internal staffs. Therefore, in the hypercompetitive financial industry, it’s essential to streamline processes, secure assets and minimize liability wherever possible.

Key management solutions help you accomplish all that – and more.

Landwell’s key management system help you secure, track and manage every key in your facility by turning every key into a “intelligent” object. With unique identification data, centralized management and eliminating manual key tracking, you will lower operational costs and increase operational efficiency.

Protecting physical keys is one of the most basic and important steps among various measures you can take – and it’s simple with electronic key management solutions. The key control idea is very simple – attaching each key to a smart fob which is locked into the key cabinet by several (tens to hundreds) smart fob receptor slots. Only an authorized user with proper credentials is able to remove any given key from the system. In this way, all key use is tracked.

There are many keys in use on a daily basis in a bank. These may include keys for cash drawers, safe rooms, offices, service closets, vehicles and more. All of these keys need to be kept secure. The administrator also needs to maintain an audit trail for every key, with information including “who used which keys and when?”. Any suspicious activity should be flagged, with alerts sent in real time to authorities for immediate response.

The usual practice is to install the key cabinet in a safe and relatively closed room and keep it within a 24-hour monitoring range. To access the keys, two employees can be required to present credentials including a pin code, staff card and/or biometrics such as a fingerprint. All key-authorities of employees should be pre-set or reviewed by the manager.

Taking into account the high security requirements of the banking and financial industry, in order to reduce any possible risks, every change of key authority must be known and approved by two managers (or more). All key handover and transfer records must be recorded.

With the high number of regulatory laws which banks must adhere to, the reporting functions of key control are another significant benefit of these systems. A wide range of different reports can be generated automatically or by request. If you want to know who took out the key to the cash storage room on the day the cash was stolen, you can check the relevant report. If you want to know everyone who handled the key in the past six months, there is also a report.

By integrating the key management system with access control, intrusion alarm, ERP system and/or other network security equipment, it is possible to greatly expand the capabilities, data and accountability of your security defense network. In the wake of an incident, this level of information is invaluable in identifying criminal activity.

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.
So Why Landwell?

Our company was founded in 1999, therefore it has a history of more than 20 years. During this period, the company’s activities included the manufacturing of security and protection systems such as access control system, electronic guard tour system, electronic key control systems, smart locker, and RFID assets management systems. Furthermore, it included the development of application software, embedded hardware control system, and cloud-based server system. We are constantly utilizing our 20 years of experience for the development of our key cabinets in the field of security & protection market. We develop, produce and sell our products in worldwide, and create the perfect solutions together our resellers and customers. In our solutions we use the latest electronic component, equipments and technology therefore we manufacture and deliver high-reliability, high-tech, and high-quality systems to our customers.

Landwell has a team of the best engineeries available in the field of security & protection, with blood of youth, the passion for creating new solutions, eager to face new challenges. Thanks to their enthusiasm and qualifications, we are perceived as reliable partners supplying optimal products which increase safety and convinence of our customers. We are open to the needs of our customers, who expect personalized and non-standard approach to specific issue and our adjustment to specific conditions of a given customer.


Post time: Aug-15-2022