Synchrony Financial (NYSE:SYF), a premier consumer financial services company, has entered into an MoU (Memorandum of Understanding) with the Office of the Commissioner of Police, Hyderabad, to adopt communities in Hyderabad City by spending Rupees fifty lakh for installation of a community closed circuit television (CCTV) surveillance system at Chandrayangutta and Falaknuma Police Stations. The MoU was signed by Commissioner of Police M. Mahendar Reddy and Kurt Grossheim, EVP & Chief Operating Officer, Synchrony Financial, in the presence of Faisal Uddin, Sr. Vice President and Business Leader, Synchrony Financial India, V V Srinivas Rao, Addl. Commissioner of Police, (L& O) and Murali Krishna, Addl. Commissioner of Police (Admn) other senior leaders from Synchrony Financial. The MoU represents the strong relationship between Synchrony Financial and the Hyderabad City Police, due in part to their shared belief of striving to improve and provide outstanding service to the community.
The CCTV-based video surveillance system will involve setting up of IP-based outdoor security surveillance cameras across various locations in Hyderabad. It will incorporate the latest technology and encompass a state-of- the-art Command and Control Centre for 24×7 monitoring of CCTV cameras.
Synchrony Financial, along with Hyderabad Police, will jointly install and maintain the CCTV based outdoor surveillance system for the next five years. The surveillance will map two jurisdictions, including Chandrayangutta Police Station (which covers 5300 Mts) and Falaknuma Police Station (which covers 8200Mts) in Hyderabad. The surveillance network, which is being set up with the purpose of helping to control crime in the city, will comprise of 64 CCTVs (32 in each PS jurisdiction), Automatic Number Plate Recognition System (ANPR), Video Analytics, Mobile Surveillance System, Command Control Centre and Data Centre, etc.
The CCTV security systems will be strategically placed to monitor key areas such as building entrances, street corners, elevators, and equipment rooms. Several vital installations will be mapped round-the- clock through IP-based outdoor surveillance cameras. The CCTV cameras technology will act as a force multiplier and help in checking crime and violation of traffic rules.
The Hyderabad City Police department has taken the initiative to involve corporations like Synchrony Financial to adopt communities in terms of police stations and sponsor the implementation of the CCTV surveillance system in the city.
Speaking on the occasion Kurt Grossheim said “Synchrony Financial globally operates with an aim to help improve the quality of life in the communities in which we work. The installation of CCTV cameras will be an important step in helping to make Hyderabad a safer and a smarter city”. Faisal Uddin said, “The Hyderabad Smart City Surveillance project is an important part of Synchrony Financial’s initiative to support the vision of Safe Hyderabad. The project will help the police maintain a safe environment in the City of Hyderabad.” (NSS)