videoconferencing

The future of fintech—the marriage of finance and technology—is a bright one. As fintech applications continue to boom, we’ve uncovered the barriers and promise surrounding cloud-based videoconferencing. We’ve also explored the potential of cloud-based, ad-hoc communications and, most recently, delved into precisely how financial institutions use video today to improve both the customer experience and internal operations.

Applications for fintech, the combination of finance and technology, continue to abound as banking institutions, customers, and partners become increasingly digital. In recent posts, we’ve taken a close look at the potential of cloud-based, ad-hoc communications as well as the promise and barriers surrounding one fintech game-changer: Cloud-based videoconferencing. Interested in discovering how modern financial institutions are using video today? We’ve got you covered.

Cloud and videoconferencing solutions have not only revolutionized how consumers and brands communicate—they’ve also forever altered the paths by which entire industries pursue growth. In a marketplace that’s become increasingly digital, optimizing business models through smart applications of technology is a practice that’s not only recommended, it’s a critical component to remaining competitive.

Recently, we began to explore the exciting world of fintech—the point at which finance and technology collide to improve the customer experience, reduce costs for financial institutions, and facilitate a revolutionary shift in potential for communication and connection in an inherently numbers-driven industry. To make this happen, cloud-based videoconferencing solutions have stood out clearly as core catalysts to change. We’ve already broken down the promise and barriers surrounding fintech and cloud videoconferencing.

Human resource (HR) departments are entrusted with an organization's biggest asset—its workforce. That's why HR professionals are embracing new tools and technology, including video-enabled business applications, to help ensure that they are connecting, communicating, and collaborating in the most efficient ways possible. By becoming adopters of video conferencing and related solutions, HR leaders can make improvements in areas including talent acquisition, training and development, employee engagement, and more.

We’ve entered a new era of videoconferencing. Thanks to higher bandwidth, the Internet, mobile, and web-enabled conferencing, videoconferencing is very different from what it was a decade ago. Infrastructure can be run in the cloud. Video can be done on a mobile device or from a browser. People can seamlessly connect anywhere on any device. And, all of this can be done affordably. Influenced by several factors, the videoconferencing landscape is changing before our eyes. Let’s look at some of the major transformations.

When it comes to enterprise video communications, we have come a long way. Videoconferencing is no longer as complex, expensive, or resource-intensive as it used to be. Businesses small and large are investing in the technology and making it the preferred mode of communication in business. So how have we come this far?

The Past

Due to the dynamic nature of the business landscape and the changing needs of organizations, videoconferencing has emerged as the most popular form of communication in the business world. While video conferencing has existed for more than a decade now, we are now feeling its true business benefits. We’re moving from hardware-based videoconferencing to software and service based solutions. Cloud-based videoconferencing has allowed businesses to experience seamless collaboration without having to worry about hardware and infrastructure costs.