Video Solutions to Help Secure the Future of Financial Services
Share on Social
How AI and Secure Cloud Solutions are Shaping the Industry
By Terry Medhurst, Vbrick Chief Information officer
Video is now central to how we work. Imagine your week – 20 video calls, minimum. Scale that up across your organization, year after year, and add in marketing videos, training videos, webinars, all-hands meetings, and more. For financial institutions, the sheer volume of video content isn’t just a technical feat; it’s a high-stakes challenge. Sensitive information, compliance standards, and security risks all need vigilant control.
Why Security and Compliance Can’t be an Afterthought
Banks and financial institutions require fast, seamless communication tools, but they also need them to be ultra-secure and compliant. It’s not enough to support thousands of simultaneous users or manage terabytes of video data – these systems must protect against risk while meeting the complex regulatory requirements unique to finance.
Standard video tools just don’t cut it here. Today’s financial landscape demands solutions that are as secure as they are scalable. Financial institutions need a video solution that can deliver on performance, support high-stakes communication, and protect sensitive content without compromise.
Basic unified communications tools aren’t designed to handle the immense bandwidth and security needs of financial organizations. They’re useful, but alone, they often struggle to meet the high demands for performance, compliance, and security that financial institutions require.
The Case for a Centralized, Enterprise-Grade Video Platform
These challenges call for a centralized platform with robust security that gives firms complete control over content delivery and protection. Financial Services need to seek out enterprise-grade video platforms that can provide the infrastructure for seamless live-streaming and video on-demand, handling thousands of streams securely. As enterprise video libraries expand, and more departments create content, videos can easily become scattered, unorganized, and difficult to find, which can prompt employees to use unauthorized and oftentimes unsecured platforms to work around the pain points in the organization’s setup. For example, using a consumer platform where an unlisted link could easily be passed to anyone, or accidentally made public, potentially exposing sensitive information. This kind of risk is especially dangerous for financial institutions and the need for a secure system to organize, search, and approve videos only grows.
Reducing Risk Through AI-Driven Video Management
That’s where leading-edge AI and machine learning come in – the future of secure video in financial services will hinge on it. AI is transforming video management with smarter, safer, and compliance-ready technology designed specifically for the unique, and often complex, challenges of financial services. With AI, video content can be screened, summarized, and monitored in real-time, flagging compliance issues or identifying sensitive information before it reaches the wrong audiences.
The compliance issue may seem straightforward on the surface but banks and other financial institutions have teams of people whose main function is to ensure that all content and data remains compliant with the complex web of financial regulations. Screening every new piece of content takes considerable time and slows down the organization’s ability to deliver information quickly and safely. AI tools can lift the majority of that screening burden saving both considerable time and cost.
Secure, Scalable Video: The Foundation for Financial Services’ Digital Future
Looking toward the future, there will be a huge demand in the financial services industry for virtual experiences and solutions where customers interact with the institution through video solutions that provide more realistic and intelligent experiences. These experiences will be built around generative AI and extensive video libraries and knowledge and will only work if based on powerful, high-performance, robust platforms.
In short, video is a powerful business tool that is rapidly growing throughout the financial services sector. The need for powerful, intelligent, scalable, and secure technologies is greater than ever AND there are great forward-looking software platforms out there that can scale with your requirements for years to come.
