Security and fire detection products and services provider — Tyco Fire and Security India Pvt Ltd has noticed that smaller co-operative banks in Karnataka were keen to invest in intruder alarms and monitoring systems than bigger banks.

According to Mr Amar Subash, General Manager – Security and Financial Controller, Tyco Fire and Security India Pvt Ltd, the response and enquiries from smaller co-operative banks in Karnataka signalled interest in investing in such technological solutions. He however refused to name the banks, citing security reasons.

Speaking on the sidelines of ‘Tyco Tech Connect’ in Coimbatore, Mr Subash said that the interest could be because the branches of these co-operative banks are located in interior rural pockets. “Rising cost of security services and getting them to guard such branches 24x7 is becoming an issue. They say that investing in such technology solutions would be more reliable and cost-effective. We are seeing some traction in this space,’ he said. Tyco is working with cooperative banks in Gujarat too, he added.

Mr Subash said the company plans to conduct road shows across cities such as Kochi, Guwahati, Bhuvaneshwar and some cities in Gujarat to create awareness for such solutions.

Tyco has expanded its presence across 25 cities in the last 12 months. “We already have a sales and operational presence in all the major cities. We are starting to look at vertical specific requirements of our customers. Airport security solution is a key vertical for us,” he added.

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