Top 5 Video Conferencing for Banking and Finance in 2021

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Photo by Tima Miroshnichenko from Pexels

With the global pandemic, meeting face to face for our financial and banking needs has become far and few between. Video conferencing has become more popular and a safer way to communicate with the bank during this time. The following are the top 5 conferencing software for banking and finance in 2021 as they have good encryption and fair pricing.

Zoom

Price: ranges from free to $199.90 a month.

With social distancing meetings, face-to-face have become scarce, and Zoom has made this process to virtual meetings an easy transition. All meetings are passcode protected to guarantee security, and all video and audio transmissions are in an HD format. Some key features include closed captioning, screen sharing, and Zoom chat which is a form of instant messaging between host and participants.

Pros:

  • Extensive free version available.
  • User friendly.
  • Vast pricing options.
  • Google calendar is supported.

Cons:

  • Lack of comment control while using Zoom Chat.
  • Download is nessasary.
  • It can be pricy.

Skype

Price: ranges from free to $25 a month.

Skype is understood to be one of the first thriving video conferencing services. Skype is a free tool for anyone to use as it has known for individual needs, small businesses and large cooperations. Skype can be used to engage with customers as it can supports up to 50 participants in a call. This extension, ‘Meet Now,’ is an excellent option for one-off calls and clients who do not want to download an app. Skype also offers a wide variety of add-ons, such as Drawing Tools which allows participants to edit, stamp, or write on preexisting photos or slides, screen sharing and a translation option that can translate real-time video, audio and instant message into/from English, Spanish, French, German, Chinese, Italian, Portuguese, Arabic, and Russian.

Pros:

  • Easy to install.
  • Skype allows group calls without a group call feature.
  • Cheap pricing.
  • Secure call experience.

Cons:

  • Background noise is prominent.
  • Service could go down without notice.

GoToMeeting

Price: ranges from $12 a month to a quote-by-quote basis.

GoToMeeting allows a vast variation in its uses as it has a wide variety of extensions that can be beneficial for all participants; these include audio and video conferencing, screen sharing, meeting transcripts, and commuter mode. The commuter mode can save the host or participant up to 90% of data consumption. This software is suitable for anyone who is continually hosting audio or video meetings.

Pros:

  • 14-day free trial.
  • An abundance of features included in every plan.
  • Advance feature set.

Cons:

  • No free plan.
  • Support options hard to find.
  • Displays fewer screens than others.

UberConference

Price: ranges from free to $15 a month.

UberConference is a cloud-based video conferencing program that supports hosts in leading virtual meetings. It also allows participants to dial-in numbers for Canada and the USA. Key features include custom music while on hold, analytics, and voice intelligence. Voice intelligence with time adapts and strengthens accuracy for transcripts and can arrange a list of details the participant might want to revisit later.

Pros:

  • Uber Conference can distinguish between different voices.
  • It can automatically call users at a scheduled time.
  • Can handle multiple accounts.

Cons:

  • Screen shares are unable to be recorded.
  • Several steps are needed to schedule a conference call.
  • Screenshare can be hard to view.

GoRemote

Price: 50€ a month

At the start of the global pandemic, the team behind GoRemote knew that companies would have to switch to remote work with little to no time to prepare. With this idea in mind, they organized GoRemote. A secure video conferring software with many expert features, including Unlimited video calls with password protection, Video conferences, Integrated chat, Screen sharing and document editing, Encrypted communication and much more.

Pros:

  • Reliable.
  • Easy to use.
  • Secure video conferencing.

Cons:

  • The website contains little pricing format.