More banks see value in remote capture, increased security
The way most people know about – or have experienced – remote capture is when they can take a picture of a check and automatically deposit it into their bank accounts. While some may have initially been wary of such technology, adoption has been rapid thanks to the speed and convenience it provides. That seems to have emboldened many financial institutions to build on that important first step.
Remote capture for banking is starting to catch on with consumers, according to Bankers Equipment Service. At this point, the ability to take a photo of a check or other type of document and upload that directly to a bank at any time is seen as vital to keeping up with the competition and meeting evolving consumer expectations.
This may be especially true as millennials – who tend to be far more savvy with the latest technology than their forebears – increasingly come to rely on banking services, the report said. While many already use financial institutions for everything from checking and savings accounts to examining their overall finances, many are likely to tap lenders to finance their auto and even home purchases in the years ahead.
Of course, banks handle a lot of documents to handle, and these days all that information needs to be properly categorized. Protecting all that digital data collectively is vital, according to American Banker. To that end, banks of all sizes are now beefing up document security as they take in everything from personally identifying details to financial information in massive volumes every day.
"Banking relationships can play a big role in identifying real people," Armin Ebrahimi, founder and CEO of the startup Shocard, told the publication. "They have the opportunity in creating and ultimately certifying identities that can be used far beyond an individual bank."
This is where important document management tools like remote capture and automated workflows can work to ensure increased security. Coupling that technology with proper training so that everyone involved knows exactly what their role is and how best to keep documents and systems safe on an ongoing basis will help to ensure top-level security long-term.
