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The Critical Need for KYC In Banking...

Knowing your customers and being able to verify their identification both remotely and in-person is critical to prevent criminal activities, including money laundering through the financial institution. Employees in any banking or financial institution should be trained in KYC (know your customer) protocols and procedures. These vary based on in-person or remote access, with clear guidelines and requirements for each method of verification. In-Person Verification With in-person verification, KYC in banking processes includes an actual check of the documents provided with the origination of the account as well as with subsequent account transactions. The original documentation is kept with the client file and is compared to both the live person and the documents provided at subsequent transaction requests. Remote Verification The development of Deep Learning Technology and Artificial Intelligence, as well as the access to high-quality cameras in smartphones and webcams, allows for effective and accurate remote KYC in banking. In these types of applications, the user provides the documents to the bank, then takes a selfie image or video at the time of the transaction. The program is easy to immediately read the selfie, determine the presence of a live person, and accurately match key facial recognition points to verify or reject the identification. KYC in banking in required in all jurisdictions around the world. Some areas require more than others, but all KYC must require financial institutes to meet the minimum KYC compliance requirements. This includes the use of document and facial verification technology as well as compliance with AML (Anti-Money Laundering) requirements. The technology offered at Accura Scan provides full compliance with the required standards for KYC in banking. To see why our technology is right for your financial institution, visit us at accurascan.com. Be the first to like.VN:F [1.9.22_1171]please wait...Rating:...

Growing Your Business With Rental Scheduling Software...

Rental businesses of all kinds, whether they rent out furniture for parties or boats for time out on the water, must do everything possible to stay on top of their bookings. In the past, this was a much more difficult prospect, but the advent of rental scheduling software has made managing bookings and rentals much easier. That, in turn, has given businesses in the boat rental industry more opportunities for growth than ever before. There are a multitude of reasons for this. Increase Your Availability Among the biggest ways boat rental scheduling software can help grow your business is by giving you the ability to be available to customers 24/7. In today’s digital world, people crave convenience and will make bookings for their rentals when it’s convenient for them. Rather than have to wait for a business to open for daily operations or drive out to a business to determine whether the boat they want is available for rental, potential renters can simply scan listings online and book from the convenience of their computer. Automation and Customer Insights How often do you have to deal with customers booking vessels, only to forget about them when the time comes to pick up their rental? Customer no-shows lead to lost sales and reduced revenue, but with rental scheduling software, the process of sending out reminders to customers can be automated. Not only does that boost revenue, but it takes the pressure off rental managers when it comes to sending out manual reminders or making phone calls about upcoming rentals. Additionally, with boat rental scheduling software, you can gather valuable data about who is actually renting your boats, giving you the insights you need for better promotion of your business overall. To learn more about rental scheduling...

How Technology Is Reshaping the Medical World...

Technology has transformed the lives we lead in major ways over the last few decades. A world that was once separated by distance is now only a click away. We can reach out and talk to anyone, see anyone, or help anyone without ever leaving the comfort of home. Not only has this newfound connection helped transform the way business is done, but it has heavily influenced the healthcare industry. Technology is driving better diagnoses, greater innovations, and stronger treatment practices both nationally and around the world. Virtual Health Care Also referred to as telehealth or telemedicine, virtual health care is the application of internet connectivity to medical practice. Via mobile apps and video calls, doctors and patients can connect without having to travel great distances, effectively expanding services to whom it had previously been inaccessible. Artificial Intelligence While doctors ultimately have the final say in treatment, artificial intelligence has become an effective tool for healthcare professionals at all levels of care. Not only does it help reduce overhead, but it can increase accuracy of diagnoses as a result of decreased human error. Commonly implemented for everything from disease management and patient safety to clinical support and health plan creation, AI is the ultimate health professional’s sidekick. A premier provider of IT support services in Somerset, New Jersey, CATS Technology Solution Group is excited to be a part of the booming healthcare technology industry. Check out our impressive range of services. Be the first to like.VN:F [1.9.22_1171]please wait...Rating: 0.0/5 (0 votes...

How to Find the Best HVAC Maintenance Software...

HVAC companies have some unique challenges when it comes to operating their business. It takes a person of organization, leadership qualities, and sales-oriented personalities to lead an effective HVAC sales team. But it also takes an ability to do a juggling act. You know what I mean if you operate a HVAC business. You enjoy your work, you love meeting new clients, arranging for installations, and closing that sale. But what you probably don’t like is all of the red tape and paperwork that you have to take on in order to successfully run your business. It seems that sometimes you will never catch up. What you need is a great HVAC maintenance software to help you organize your client list, schedule appointments, and streamline your process. When you try to find a great program, though, it seems that programs dedicated to the HVAC industry are scarce. If you are looking for a HVAC program, you need to look for a program that does all of the following: -Keeps a list of active (and nonactive customers) and clients -Helps you schedule, manage billing, and invoices -Understands the many tasks of the HVAC industry -Streamlines the process to an easy format so that any staff member can be trained to use it A Possible Solution If you are in the heating, air, and ventilation business, you don’t have time for much else other than making sales and scheduling installation times. That’s why it’s important to have a partner you can count on. That partner is your HVAC maintenance software solution. The program that makes this process simple is called “HVAC Biz Pro.” It’s a smart HVAC system that does a lot of the hard work for you so you can get on to “the really...

Car Wash Controllers Improve Tunnel Efficiency...

The car wash business is competitive. Owners and operators are finding that the key to attracting new customers is providing new offerings and improving efficiency. Customers are responding positively to such things as wheel scrubs, tire shine, and foam waxes. Adding exciting new offerings requires upgraded wash tunnel capabilities. Modern, state-of-the-art car wash controllers take over all the tasks, traditional as well as new functions available in the most dynamic businesses. Controlling the equipment is only one duty. Today, controllers also ensure overall efficiency, provide notifications, and provide behind-the-scenes monitoring of the tunnel and equipment in the bay. Sophisticated Car Wash Controllers Have Arrived Car wash controllers no longer sit idly by until management has to change something. Modern controllers monitor the entire operation and report specific information about the tunnel status at the same time they control tunnel activity. About 15 or 20 years ago a car wash was considered to be at the sharp end of available technology is it used a 16-function controller; this is no longer the case. Controllers with as many as 128 functions are currently available. This capacity upgrade has become necessary due to an ever-increasing addition of services offered. Every car wash needs a controller. The type of controller and the number of functions depends very much on the type of car wash. Full-service operations employ people to perform additional services; as a result, less control equipment is needed. Many tunnels are long, the goal of the car wash is to produce a clean car repeatedly, and to do it at high-speed. In these situations, the controller will have considerably more functions. The controller ensures the right amount of foam is applied at the right time, that the car is completely rinsed and dried to a spot-free...

The Advantages of Repair Management Software...

Technology is ever-moving forward, and vehicles aren’t removed from the newest advancements. Currently, most vehicles are little more than computer systems that do everything from checking the oil levels to running the car. With that said, auto mechanics have had to shift gears so that they stay on top of the trends. Auto repair shop owners are likely to utilize repair management software to improve the process and make it easier for everyone involved. You can use such technology to help you save time and organize your business. However, it can also make it much faster to diagnose issues, estimate repairs, create invoices, and communicate more effectively with technicians, customers, and front-office staff. Save Time Regardless of how busy you are, your ultimate goal is to save time. The more time it takes to organize everything, the less time you have for helping customers. Without the customers and their issues, you don’t make a lot of money and don’t meet quotas. Therefore, you may want to consider software that streamlines the process of organization. You can order parts, estimate costs, diagnose issues, schedule appointments, handle payroll and other accounting needs, as well as process payments from one centralized hub. Plus, when you use software, you can do away with paper filing systems, larger desks, and more. You can save space because you only need a computer and may even find that you can access the information on a smartphone or tablet, as well. Performance Tracking You can’t expect to succeed in your business if you don’t track performance and measure results. How many customers did you have last month? How many of them were routine service and how many were significant issues? These questions can help you plan for the future and help you...