Adding More Than Compliance
Banks and financial services institutions have client and security concerns which are not always related to compliance requirements. There are ways to prevent or reduce activity such as money laundering and account manipulation.
As important as compliance and security are for banking and financial service company websites, we continue to learn about the need for research and monitoring above and beyond the regulations and requirements. Problems related to money laundering, crypto currency, and malicious acts are examples.
Having the technical ability to immediately flag a suspicious transaction can benefit valued clients as much as saving time and money for your institution. Situations like that are reasons that our DoneHQ team provides much more than web development and the related tech support.
The ability to flag a suspicious transaction instantly protects your clients and saves your institution time and money.
Monitoring a website should include much more than preventing and responding to down time. Operating at or as close to 100% as possible is expected, but staying on top of harmful happenings involves our marketing team staying active. Problems like money laundering or shell company transfers often go beyond domestic borders. Some builds do not always detect or differentiate international sources.
Website monitoring should cover much more than preventing downtime.
Factors such as the variation in value of the dollar, which is known to constantly fluctuate from some countries, could make a large money transfer vary. The technical ability to detect and complete a transaction using the proper amounts and percentages is a must for the sake of everyone involved.
Activities of shell corporations and international holdings are sometimes a part of questionable or illegal activities. Making good on a bad transaction for a client can directly impact the bottom line of a bank or financial services institution.
Making good on a bad transaction for a client hits a bank’s bottom line directly.
Our marketing team is available to monitor your direct competitors along with tracking what they are (or are not) doing. Tracking industry news stories could reveal a problem or loss facing another institution. Digging up the facts could lead to our team bringing a technical solution to your IT or tech team. Tasks such as adding levels of security and access from the client as well as administrative can be created or adjusted.
Examples include elements such as requiring scheduled password changes or re-entry for access. Moves like that are not always compliance related. Remember that you can bank on us!
Compliance is the minimum. Security is the standard.
Let DoneHQ help you stay a step ahead. Book a free consultation.
