Hyderabad: Synchrony Financial, a premier consumer financial services company signed a Memorandum of Understanding (MoU) with Hyderabad Police on Tuesday to adopt communities by spending an amount of Rs 50 lakh for installing community closed circuit television (CCTV) surveillance system in two police station areas here.

The CCTV surveillance system will be installed within the limits of Chandrayangutta and Falaknuma police stations in old Hyderabad.

The MoU was signed by Hyderabad Police Commissioner M. Mahendar Reddy and Synchrony Financial Executive vice president and Chief Operating Officer Kurt Grossheim.

The CCTV surveillance system will be installed within the limits of Chandrayangutta and Falaknuma police stations in old Hyderabad

The CCTV-based video surveillance system will involve setting up of IP-based outdoor security surveillance cameras across various locations. It will incorporate the latest technology and encompass a state-of-the-art Command and Control Centre for 24x7 monitoring of CCTV cameras, the company said in a statement.

Being set up with the purpose of helping to control crime in the city, the surveillance network will comprise of 64 CCTVs, Automatic Number Plate Recognition System (ANPR), Video Analytics, Mobile Surveillance System, Command Control Centre and Data Centre.

Hyderabad Police is involving corporations like Synchrony Financial to adopt communities for the implementation of the CCTV surveillance system in the city.