About industry

Banking industry is one major industry that is in demand. Both BFSI and NBFC are directly or indirectly related to financing. These industries deal with financial matters such as banking, insurance, deposits and non-banking financial companies. 

BFSI – Banking, financial service and Insurance is a term for the companies dealing with commercial banks, insurance companies, non-banking financial companies,  cooperatives, pensions funds, mutual funds and other smaller financial institutions. 

On the other hand NBFC comprises loans and advances, acquisition of stocks, shares, bonds, debentures issued by the Government or any other authority or marketable securities. 

Key benefits of Google Workspace for BFSI & NBFC

Google Workspace is a suite of applications dealing with office applications along with Corporate GMail, Calendar, Chat (One on One chat), Spaces (Group Chat), Office Productivity Suite (Google Docs, Sheets and Slides), Survey tool – Google Forms, Intranet Portal – Google Sites. 

Non-negotiable Security built and Data protection 

Security is the utmost priority in the financial industries. With Google Workspace, you will no longer have to worry about the security and data protection. 

Stay financially secure with GWS

In the present day, cashless transactions are the new payment method. With the benefits, it also welcomes the fraudsters and scamsters to invade your account leading to loss of money. 

Data protection also comes into picture in the industry with the data breaching. Customers invest based on the security of money and the data. 

Secure data with GCP and GWS fearlessly 

GCP – Google Credential Provider is available for windows, mac, linux and other devices. It is  Google’s Single Sign On access security that has all the security features, can push windows settings and wipe device data remotely. 

This can be set up to any business or enterprise. These are the benefits offered by GCP. 

• Additional security – users can access their Google account in upto 10 devices. With this, anti-hacking features like 2-step verification process and login challenges are included. 
• SSO experience – Google workspace can be accessed without re-entering their credentials on Chrome browser.
• Password synchronization  – users can sync their passwords with their windows password. 
• Automatic enrollment in device management – GCPW and device management together can automatically enroll the device management when the user signs in. 

Increase the efficiency operations across the IT department

With the increase in digitalization, it is important to have related IT support. Customer support team needs to be on the go in this case. They will have to be accessible to the users. If not, solutions need to be delivered to the users. 

User level security with GWS

The user will be able to allow or restrict access to anybody. Google does not take any information without the user’s permission. Even though the ads are based on your search history, it can be modified as per the users’ requirements. Users can access their Google account on any device. With this, anti-hacking features like 2-step verification process and login challenges are included. 

Real-time security policy

Google account comes with an in-built security designed to detect and block threats that are caused to the documents. Users can also browse privately like the incognito mode on Google Chrome. Google does not take your content to advertise the user’s product. The information gathered is with respect to the IP address, device type, location, date and time of usage, crash reports and system activities. Except for this information, Google does not take any other personal information. 

Scalable and measurable employee productivity

Google Workspace is a model that is used for productivity of the company. Google workspace and its suite of applications together aims at bringing about a collaborative work environment even in hybrid mode. 

Pace up the hiring and on-boarding process

Google Sites can be the best way to on-board employees. This is an intranet website that is stipulated only to the domain. This does not require any web developers. The admin will be able to upload required documents like company policies, regulations and information to the drive and upload it to the website. The new joinee will be able to access it anytime for further references. They will also be able to upload required documents like PAN card, ID Proof, Photograph and others to the Google Forms that is provided on the website. 

Google meet video conferencing can aid as a platform to communicate with the employees and onboard them. No third-party applications will be required either to present, share or record the videos conferencing as everything is available on Google Meet.  Apart from this, it also allows you to decide the quality of audio and video outputs. Audio setting has the noise cancelation feature that helps in cutting down unwanted background audios. 

Learn faster with these apps 

Google Meet is available on all the applications of Google Workspace. 

For improved sharing of information among new employees, using Google Currents will be beneficial. This will help in sharing ideas, experience and work on projects with like minded people. This is a social community that will bring in connections. 

Google Sites have all the required documents that are required for the new employee to know about. They will be able to access it at any time. 

Google Sheets has an option of creating check boxes that helps in tracking daily responsibilities. 

Experience secure and quality service with Google Forms

Google Forms can be used for survey purposes. All the data will directly be stored in Google Sheets. Questions in the form of quizzes, multiple choice questions or even polls can be put forward in Google forms and can be circulated among your team members. With a few taps, the survey will be done. 

Google Sheets will have all these responses in the form of spreadsheets. These responses will be in the form of charts, graphs and other formats for easy understanding. 

With all this information, you will be able to present these responses via Google Meet with the help of Google Slides. 

Accelerate user experience and on time delivery in real-time

Google Forms, Google Sheets, Google Docs, Google Slides and Google Calendars are used to get timely feedback from the users. 

Google Forms for easy and better services 

Google Forms can be used in place of normal forms to get feedback from your customers. They will be able to fill in the form  with a few clicks. While the company will no longer have to work with the numbers manually. Google Sheets has got it covered and all these details will be readily available on sheets. This can be shared to the team and can also assess the results with the help of graphs, pie charts, infographics and other easy to understand sources. 

All this data is protected and easily accessible for the ones who have been assigned to it. 

Introduce new services and increase UX

Creating a group mail address for your team will help in easy communication. Everyone in your team will be able to share files and documents to work on. 

Google Docs template can be made and sent to every user in order to get their experience in the form of an experience diary. 

Google Slides is used to present your ideas to the customers and also for conducting reviews. 

Google Calendars can be used to schedule review meetings, send out feedback forms and to conduct programs. 

Google Meet video conferencing can assist in conducting review meetings. This shall be a way to have a real time understanding of the deployment of changes. 

Collaborate in real time 

Google Workspace works best for collaborative projects within and outside the organization. Google Docs, Google Sheets and Google Slide can be shared by adding their mail address or they can share via link. All the files will be shared with the help of Shared Drives with no modification in the content or the size of these documents. Google Drive can store many formats of documents like .xls, .csv, .jpg, PDF, etc. 

How financial services has huge database

The data stored in Google Drive is stored in an encrypted format. These files can be accessed only by the ones you have mentioned in the document. The files can also be shared in password protected mode. They can be accessed only with the permission and password associated with it. With this, the documents can be securely shared without worrying about the data loss. 

Work collaboratively on Docs, Sheets and with Databases

Google Docs and Google Sheets are easy to share and collaborate. They can work together in hybrid mode. These are the few things that the applications offer:

• Commenting – Anybody who is assigned editor access to the file will be able to comment on the document.
• Suggesting – Similarly, one can suggest corrections and edits in case of Suggesting option. 
• Editing – if anyone edits the files, one can find out the changes made by the other members in different colors.  
• Google Meet – The shortcut to Google Meet is available on these applications where you create, share and start a meeting instantly without leaving the file you are working on. 

Google Docs can automatically create a summary for your document. The customer will be able to get an overview of the document by just going through the summary. 

You can work on Google Sheets together in hybrid mode. The explore option will allow you to add in graphs, images, charts and pivot tables without having to move away from the document you are working on. Data loss and storage can be cut down by using Google Sheets as all the data is automatically stored on the cloud and can be shared easily.