How Is Facial Recognition System Transforming The Banking Services?

With the onset of the digital revolution, advancement in the facial recognition systems has been highly increased in most of the Banking and Financial sectors. The main reason for adding the Facial Recognition System is enabled with the increased number of financial frauds based on the identity of individuals. Biometric Attendance System in banking is widely helpful for capturing attendance at the time of marking attendance. Biometrics becomes one of the most amazing tools for workforce management.

Most of the companies have been shifting towards the Biometric Time and Attendance system. The main reason for initiating the system would be easier for eliminating time theft as well as increased accuracy and security. Based on a report, more than 50% of the companies have been getting rid of the traditional method for registering the attendance time. A lot number of industries have been switching for the online attendance and biometric system.

Trustworthy Data:

Data gathered based on the Biometric time and attendance system becomes easier to retrieve. It is a much more simple option for accessing data anytime with pinpointing the problem. Time Attendance System enables generating quick reports with alerts. Most of the banking institutes combat identity fraud, and they are in need of a robust security system for accurate identity. Advanced facial recognition system enhances their banking security by identifying customers on facial features.

No Repetitive Consumable Costs:

In modern-day, many people face a unique problem of losing their identify card so that they need to replace it. With the fingerprint attendance system, it is a much easier option for relying on the biometric information of employee like

  ü   Fingerprints

  ü   Vein mapping

  ü   Collagen

  ü   Face recognition

There would be no fob or card replacement cost so that employees could index their fingers on this machine for punching their entry and exit time.

Accurate Payroll Records:

The Biometric system records the employees the arrival and exit times accurately. Therefore, it is widely helpful for the employee to get paid without any hassle quickly. Reduction in the overpayments will be a huge cost-saving measure for business. Installing the Biometric Devices would be a much more efficient option for maintaining accurate payroll records. Facial Recognition System becomes one of the best ways that transform the Banking Services.

Increased Productivity:

The facial biometric attendance device captures attendance at the time of its marking. Accurate time of attendance will be registered on the device so that it could be easily accessed from any server. A Biometric system would automatically decrease staffing overhead.

IoT – A Decisive Commitment to Success

A brief elaboration on the benefits the Internet of Things provide when used with biometric attendance machines and access control systems

Benefits:

Real-time data transporting activities are playing a vital role in almost every professional sector working on shifts or where manpower remains short. Mentioned below are some of the examples of how offices are benefited with IOT's real-time data fetching services:

• Assigning available doctors, nurses, and staff for surgeries
• Calculating production capacity per day by checking the current labor force present on the production line
• Assigning cleaning staff and maintenance workers
• Chefs, waiters and management staff in hotels, restaurants, and clubs
• Completing a team of technical assistants, call center executives for smooth customer care services

Another benefit comes in the form of “Cloud Computing” through which all the attendance and access control data is stored in the remote server on the internet along with the internal storage which helps to regain the data in case it is lost from a computer system or machine damage.

Cloud computing along with IoT helps us to filter our search and give us only what is needed, as there can be an enormous amount of data in the cloud storage collected with the help of IoT and cloud computing acts as a pathway for the data to travel to its endpoint.

Messages or mails can be delivered to the employees about their late arrivals, early departures, incorrect punches, leave application submissions and many more.

A Decisive Commitment:

With the growing roots of the internet in every corner of the world and its accessibility with every element trying to organize every bit of our lives with comfort, biometrics, IoT and cloud computing has started guiding our corporate world and helping in maintaining impressive manpower, production and management skills at the workplace. IoT has captivated many opportunities inside and will help us to make our offices more secure and precise with more new services and innovations.

STAR LINK Monthly Calendar : July 2020

STAR LINK : MADE IN INDIA

Our target always remained on creating a range of domestic biometric attendance and access control machines which will develop people’s interest and faith in homegrown products with services unmatched.

Today, with more than 6000 satisfied clients nationwide, we are gladly taking firm steps towards “Made in India” and aim to cross every hurdle to bring a cheerful smile on your face.

www.starlinkindia.com