Security Incidents: The bank faces the risk of theft, tampering, or unauthorized access to cash and valuable assets during transit. It results in financial losses and reputational damage.
Lock Tampering and Theft: Traditional mechanical locks and seals are susceptible to tampering, duplication, and unauthorized access, making cash carry vans vulnerable to theft and security breaches.
Limited Real-time Visibility: Without E-locks, the bank lacks real-time tracking and monitoring capabilities. It is then challenging to know the precise location and status of cash carry vans.
Inefficient Manual Processes: Manual checks and record-keeping processes are time-consuming, error-prone, and inefficient for monitoring the security and status of each cash carry van.
Unauthorized Access: Without proper access controls, there is a risk of unauthorized individuals gaining access to the cash compartments or sensitive documents, potentially leading to theft or data breaches.