Day: November 2, 2018

3 Ways Technology Can Prevent Fraud and Save Small Businesses Money

When financial frauds hit, even large companies suffer the impact with great difficulty.  One cannot imagine the plight of small businesses.  Hence fraud protection becomes more important for small businesses.  Read on to know how technology can prevent fraud and save small business money:

Strong identity verification:  Identity verification of customers poses a strong threat as there is wide scope for using stolen data.  To identify such frauds the employees must be trained extensively which involves huge training cost.  This will not be feasible for small business.  Hence technology helps in entering into an agreement with associate partners who can do this KYC through video call business.  Video verification is safer in checking the KYC norms.  Thus, small business will be relieved of incurring huge verification and training costs.  The AP takes care of the same through his employees who are specially trained for this purpose.  For example, verification of hologram in Identity documents may not be possible for the small business.  But when the verification process is routed through an AP, this can be done easily by them as they can afford the technology.  Hence the small business will have access to high-value technology at a payment of nominal fee.

Fin-tech financial partnering:  It is not possible for a small business to acquire all the latest financial techniques as the cost aspect is involved.  Instead, they can smartly check whether their financial partners are technically advanced.  For example, availing services of a banker who uses blockchain technology for online transactions.

Automated internal controls:  Automating internal controls is a one-time investment.  But it is a very effective way to protect frauds and keep track of processes.  There are good tailor-made solutions offered by third-party vendors.  Those can be easily installed and maintained.  Most of them are user-friendly too.

Using the above 3 ways even a small business can effectively prevent frauds and save money.

Top 5 Ways to Keep Your Home Safe This Summer Using Smart Tech

Technology helps to keep your home very safe this summer in the following 5 ways:

Safe from intruders:  Latest smart security system helps you control the entire access to your home.  This security system is connected with android mobile through which you can control locks of your home.  This security system works even in case of power failures.  They have in-built motion detectors which can send notifications and alert you.

Safe from heat: Summer adds to heat and rise in temperature inside your home.  Sometimes soaring temperatures compel people to come outside the home to take rescue.  Unfortunately, the outside environment is much hotter.  Control the temperature within the home using air conditioners.  Smart technology enables you to switch on your AC half an hour before you reach home.  This is possible through IOT.

Safe from birds and pests:  Smart tech helps in getting rid of birds.  You will be amazed to see how smart tech is announcing confidently ‘get rid of birds Glasgow’.  By using techniques like birth control, spikes, nets, and sprays even cities which are crowded by these birds are enjoying a sigh of relief.  Use their services to protect your home from birds and pest menace.  Bird droppings spoil the beauty of the property.  The bird and pest control companies also help in cleaning the property.

Safe from pollution:   In summer Pollen grains spoil the air inside your home.  They cause Hay fever, breathing allergy etc.  By installing smart air purifiers, you can prevent pollen pollution.

Safeguard from wear and tear:  Heat of the summer causes severe damage to the very foundation of your home.  It weakens the building and more damage is likely when there is natural calamity like a storm or an earthquake.  Smart tech research has helped in the invention of lead-rubber bearings which protect damages which heat causes to your home.