Controlling Behavior in Cash Vaults
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Problem to be Solved
Every year, the banking sector loses thousands of billions of VND due to fraud in cash vaults, primarily caused by inadequate control over compliance with vault entry and exit procedures, as well as deficiencies in cash and asset inventory and counting.
Problem Statement
The State Bank of Vietnam issued Circular no. 23/2023/TT-NHNN, requiring all banks to install surveillance camera systems in cash vaults. It is necessary to implement an AI-integrated camera system to enhance remote monitoring efficiency, ensure security, enforce regulatory compliance, and improve safety supervision at bank branches.
How QAI solution solves the problem?
QaiDora Vision helps banks monitor and detect unauthorized activities in cash vaults, optimizing the operation of surveillance camera systems while reducing infrastructure costs. It also facilitates seamless integration with systems such as core banking, ATMs, and human resource management, enabling efficient tracking of cash inflows and outflows.
Why the problem was not solved before?
- Inability to control access to the cash vault according to regulations.
- Inability to monitor and detect violations in the cash vault.
- Difficulties in reconciliation and record retrieval.
Results from the solution
Ensuring timely detection and alerts to enhance regulatory compliance in cash vaults by up to 95%.
3/4/2025
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