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Press Release

BayPort Credit Union Leverages Verint Video and Situational Awareness Solutions to Reduce Fraud and Protect Assets

Thu Nov 12, 2015

Financial Leader Enhances Situational Awareness with Technology that Helps Safeguard More than $1.4 Billion in Assets Across 21 Branches

MELVILLE, N.Y., November 12, 2015 — Verint® Systems Inc. (NASDAQ: VRNT) today announced that BayPort Credit Union is leveraging Verint’s Video and Situational Awareness solutions in 21 of the financial organization’s branches. With more than 121,000 members and over $1.4 billion in assets, BayPort Credit Union recognizes the importance of safeguarding and protecting the personal information and assets of the company and its members, which is why it chose Verint as its technology partner.

By investing in and deploying Verint EdgeVRTM, Verint EdgeVMS Vid-CenterTM and Verint EdgeVMS Op-CenterTM, BayPort Credit Union is better positioned to respond quickly to financial crises, theft and fraud that can negatively impact its business and its ability to provide outstanding service to its members. In business since 1928, BayPort Credit Union has provided financial backing to help members build homes, raise families and improve their standard of living. Leveraging innovative technologies across its infrastructure to maintain a high level of security and service plays a critical role in helping BayPort deliver excellence to its members.

“Our executive staff and board members are security conscious and wanted BayPort to embrace a stronger security posture,” says Jorge Gonzalez, fraud and security supervisor, BayPort Credit Union. “We evaluated the Verint solutions and after seeing the benefits we could take advantage of — from the high-resolution video capture to centralized management of systems — we were convinced that Verint was the right technology partner to help us take our security strategy to the next level.”

The system upgrades included more than 450 Verint IP cameras managed through Verint EdgeVMS Vid-Center. Combined with Verint EdgeVR’s capabilities to deliver bandwidth optimization, remote access and robust surveillance analytics, this solution enables branch staff, the fraud department and security personnel to view live and recorded video from their desktops to make real-time decisions that support security requirements and help mitigate fraud. In addition, the new surveillance solution helps BayPort Credit Union’s security team protect customers against threats to their safety by offering continuous surveillance of transactions and public areas within the branches.

Additionally, BayPort Credit Union uses Verint EdgeVMS Op-Center diagnostic and management solution to centrally manage passwords, properties and firmware updates, and to send out visual alerts to notify users about potential problems. Verint EdgeVMS Op-Center can leverage transaction integration software to capture data from other systems and integrate it with real-time video to provide greater situational awareness to security personnel.

“BayPort recognizes the importance of protecting assets, members and employees from security breaches, theft and fraud, and took the necessary steps to help ensure the best possible results from its technology investment,” adds Steve Weller, senior vice president and general manager, Verint Video and Situation Intelligence SolutionsTM. “Working with BayPort, we implemented solutions that are helping deliver an enhanced level of security, while enabling streamlined investigations and supporting effective day-to-day security operations.”

About Verint Systems

Verint® is a global leader in Actionable Intelligence®, which has become a necessity in a dynamic world of massive information growth. By empowering organizations with crucial insights, Verint solutions enable decision makers to anticipate, respond and take action, and make more informed, effective and timely decisions. Our solutions are designed to address three important areas of the actionable intelligence market: customer engagement optimization; security intelligence; and fraud, risk and compliance. Verint’s vision is to create A Smarter World with Actionable Intelligence®, and today, more than 10,000 organizations in over 180 countries—including over 80 percent of the Fortune 100—already benefit from this vision. Learn more at www.verint.com and NASDAQ: VRNT. 

This press release contains "forward-looking statements," including statements regarding expectations, predictions, views, opportunities, plans, strategies, beliefs, and statements of similar effect relating to Verint Systems Inc. These forward-looking statements are not guarantees of future performance and they are based on management's expectations that involve a number of risks, uncertainties and assumptions, any of which could cause actual results to differ materially from those expressed in or implied by the forward-looking statements. For a detailed discussion of these risk factors, see our Annual Report on Form 10-K for the fiscal year ended January 31, 2015, our Quarterly Report on Form 10-Q for the quarter ended July 31, 2015, and other filings we make with the SEC. The forward-looking statements contained in this press release are made as of the date of this press release and, except as required by law, Verint assumes no obligation to update or revise them or to provide reasons why actual results may differ.

VERINT, ACTIONABLE INTELLIGENCE, MAKE BIG DATA ACTIONABLE, CUSTOMER-INSPIRED EXCELLENCE, INTELLIGENCE IN ACTION, IMPACT 360, WITNESS, VERINT VERIFIED, KANA, LAGAN, VOVICI, GMT, VICTRIO, AUDIOLOG, ENTERPRISE INTELLIGENCE SOLUTIONS, SECURITY INTELLIGENCE SOLUTIONS, VOICE OF THE CUSTOMER ANALYTICS, NEXTIVA, EDGEVR, RELIANT, VANTAGE, STAR-GATE, ENGAGE, CYBERVISION, FOCALINFO, SUNTECH, and VIGIA are trademarks or registered trademarks of Verint Systems Inc. or its subsidiaries. Other trademarks mentioned are the property of their respective owners.

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