Case Study: Millennium bcp achieves 30% lower security monitoring costs with Qognify Situator

Millennium bcp - Customer Case Study

Millennium bcp, Portugal’s largest private bank, needed a way to unify its dispersed physical security systems from multiple vendors so it could improve situational awareness, standardize procedures, and respond more effectively across 800+ branches. Qognify’s Situator situation management platform was selected to integrate video surveillance, access control, alarms, and other systems into a single operating view.

Qognify implemented Situator across Millennium bcp’s corporate network, creating a centralized security operations center and automating workflows, alerts, and response plans. The result was a 30% reduction in monitoring and response costs, and false alarms dropped from about 20,000 to 1,200 per year, while also improving compliance tracking and management reporting.

Millennium bcp

Vitor Monteiro

Head of Physical Security