London, U.K. // www.jumio.com
New video-selfie technology is available from Jumio, an AI-powered identity as a service provider. The secure and rapid authentication method is ideal for account logins and high-risk scenarios (e.g., logging in from a foreign IP address or authorizing high-risk transactions such as wire transfers and online purchases).
Plano, Texas // www.m-files.com
Recently, Iceland-based bank Kvika selected M-Files, an intelligent information management solution, to help the firm effectively organize and manage documents in its branch offices, as well as its loan and pension savings departments. The solution gives the bank the ability to easily integrate with a custom-built customer relationships management system and accelerates loan processing between Kvika’s front office, loan department and back office.
Once you get the hang of it, reviewing a SOC Report will take you about 15 minutes.
By Ron Wellman
“The retail bank branch is dead!” screamed talking heads in the mid aughts, encouraged by the growth and popularity of online banking, whose arrival was heralded in the 1990s.
The clamor around the demise of the bank branch intensified as the perception that millennials shunned anything brick and mortar took root. millennials were thought to opt for the ease and convenience of mobile banking over visiting a branch to transact business, adding to the conundrum.