Next Level Is Banking By Video-Conferencing

Visiting your neighbourhood bank branch may soon be a thing of the past. With technology advancement taking place in leaps and bounds, banks are now following customers away from the 9 to 5 shift.

Though video banking is making life of customers easy, there are some security concerns as with any technology. According to Sanchit Gogia, Chief Analyst & CEO at Greyhound Research, some security issues are associated with e-cheques, like chances of unauthorised access to virtual cheque books, duplicate presentment of cheques and integrity of digital signatures. “To avoid these, it is highly recommended that e-cheques be affixed with digital signatures generated by recognised digital certificates and issued by a recognised certification authority,” he says.

Gogia believes that with banks trying to create a comprehensive online presence, social trading will become widespread. Consumers will be able to lend, borrow and trade on social media platforms like Facebook and Twitter.

To read the Full Article, click here: International Finance Magazine

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