Enhancing Bank Locker Security through Multi-Layered Authentication and IoT Integration

In the face of evolving security threats, financial institutions continuously seek innovative solutions to fortify the protection of valuable assets stored in bank lockers. This research explores a comprehensive approach to enhance bank locker security by integrating multiple layers of authentication and leveraging the Internet of Things (IoT). The proposed system incorporates fingerprint recognition, keypad password entry, one-time password (OTP) verification, and real-time image capture of unauthorized access attempts. Fingerprint recognition ensures biometric uniqueness, offering a secure and convenient means of locker access. The inclusion of keypad password entry adds an additional layer of security, requiring users to input a personalized code. OTP verification further strengthens the authentication process by dynamically generating time-sensitive codes, minimizing the risk of unauthorized access. The integration of IoT plays a pivotal role in augmenting security measures. In the event of an unauthorized access attempt, the system captures and transmits an image of the intruder to a designated manager's bot. This proactive alert system enables timely response and intervention. Additionally, the system maintains an access history log, providing an audit trail for security administrators to monitor and analyze locker usage patterns. The proposed multi-layered authentication system with IoT integration not only fortifies bank locker security but also offers a robust defence against emerging threats. This research contributes to the on-going efforts in developing advanced security frameworks for safeguarding financial assets, ultimately fostering greater confidence among customers in the banking sector.