In the movie, “Heat,” one of the great bank heist films, a team of hard-boiled bank robbers led by Robert DeNiro organize an elaborate plan to rob a Los Angeles bank in broad daylight.
The robbery reprises the traditional Hollywood gun battle masterfully orchestrated and replete with non-stop action and suspense.
Spoiler alert. It doesn’t end well for the criminals. The good guys win. The bad guys don’t.
These days though, crime by gunpoint is a low-paying gig – unless you’re a cybercriminal. And so today, banks face a different kind of heist. They’ve gone from bank robbery ‘shoot-em-ups’ to ‘hack-em-ups’.
Instead of wielding a gun, criminals sit at the keyboard. And rather than the getaway car, they remain hidden in their rooms, in virtual silent shadows where identities are obscured, and no one knows where they reside. And they never sleep. And the banks can’t either.
Today the new normal is compliance.
Welcome to The New Vault: For Your Videos
Laden with compliance regulations, banks and financial institutions are increasingly turning to enterprise video platforms (EVPs) to provide secure and scalable solutions to capture, manage and distribute video content at scale.
Financial institutions are at constant risk when they share confidential information. If it gets into the hands of unscrupulous operators, a financial institution can face extraordinary fines, penalties, and severe reputational damage.
Enterprise-grade video solutions help avoid that unpleasant scenario.
“An organisation’s video content – whether it’s a live-streamed town hall or a recorded training session – often contain highly sensitive or propriety information,” said Paul Sparta, Vbrick Chairman and CEO. “Keeping this content secure is vital, especially for large financial services firms that have terabytes upon terabytes of video content being created, shared, and stored.”
Video an easy way to educate employees about regulatory compliance and monitor their understanding of compliance policies and procedures.
The right video infrastructure can help financial institutions manage increased video use in a highly secure and controlled fashion. Enterprise-grade video can crucially pinpoint trends, gauge sentiment, and harness insights across trillions of bytes of video data.
Welcome to the Vbrick Video Vault
Vbrick offers the industry’s only FedRAMP-certified EVP. It delivers the highest standards in cloud security, and that’s why many of the world’s largest financial services organisations rely on Vbrick, Sparta said.
Consider its features:
- Its comprehensive encryption protects video content in both ‘at-rest’ and ‘in-transit’ phases.
- End-to-end governance enables tight integration with organizational retention policies, access permissions and network requirements.
- Granular role-based security allows control over who can create videos, live events, channels or categories.
- It determines which users can make the content public and create approval workflows for video assets.
- Support for SAML single sign-on and import of users via Active Directory allows organizations to manage access to our EVP and other enterprise tools centrally.
Vbrick EVP Innovation Never Sleeps
In 2022 the company launched Producer, a platform-native, browser-based video production tool.
It also introduced a developer-tier suite of video APIs and SDKs as a Video Platform as a Service (VPaaS).
With the acquisition of eCDN provider Ramp, the company expanded its universal video delivery capabilities.
That means that the financial industry now has a unique and powerful capability. Vbrick’s VPaaS allows internal developers to embed video into their applications and workflows. Internal development teams can seamlessly integrate video into proprietary solutions, reducing their development efforts.
Keeping it Real with Video – a Use Case
A leading US bank discovered that video helped create a strong sense of community and connectedness while increasing shareholder value.
Following a major acquisition, the bank launched a customized video resource center on its corporate portal, featuring bankers around the country discussing their work.
Enhanced by automated translations, the videos answered customer questions, highlighted local branches and emphasized the bank’s commitment to customer communities during the transition.
Meanwhile, the bank leveraged its EVP to create a searchable library of internal how-to videos, providing employees with on-demand answers to common IT questions.
The result? With its self-service model, the bank reduced help desk requests by 26 percent within six months.
Your Video AI Assistant Is Ready to Find What You’re Looking For
A company video library is only as valuable as its ease of access. If it’s trapped in the library, it’s useless.
While video offers an efficient and engaging way to transfer knowledge, communicate, and conduct training sessions, its benefits diminish when employees can’t access the content because of language barriers and unsearchable data.
Vbrick’s video AI technology solves that problem with facial recognition, machine transcription, and real-time translation. It can enrich video content by identifying who’s in the video and what’s said.
It does all that while translating live video subtitles and transcripts into more than 48 languages and on-demand content into more than 61 languages. Employees can easily search for specific video content while reducing language barriers and improving accessibility.
Click here to learn more about how to store all your videos in one place with the industry’s only FedRAMP-certified EVP.
