Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Technology
    3. >Don’t be overwhelmed by the videoconferencing explosion
    Technology

    Don’t Be Overwhelmed by the Videoconferencing Explosion

    Published by Gbaf News

    Posted on May 17, 2013

    5 min read

    Last updated: January 22, 2026

    Add as preferred source on Google
    Mike Horsley, CTO of VQ, explores the surge in corporate video usage within the financial sector, emphasizing the need for effective management to enhance productivity while minimizing IT costs.
    Mike Horsley discussing corporate video conferencing trends in finance - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    VQ’s CTO, Mike Horsley, looks at the recent explosion in corporate video usage and what large financial institutions need to do in order to ensure it’s a productivity tool rather a drain on resources.

    Mike-HorsleyThe financial industry was one of the earliest adopters of video conferencing technology. The sector was sold on its power to reduce costly, time-consuming business trips while maintaining corporate connectedness and client relationships through regular ‘face-to-face’ contact.

    Early on, however, video gained a bad reputation. I bet most of us can remember the first early-generation room-based system we saw or used – the equipment was expensive, the experience underwhelming and internal adoption low. Only those enterprises that placed expert operators into Video Network Operation Centres (VNOCs) to manage each call and intervene when problems arose enjoyed regular success.

    Then, several years ago, high definition systems started to appear and, boosted by improvements in enterprise networks, video calls were no longer sub-standard; they became predictable and productive, user trust was established and call volume increased. Adoption has accelerated again recently with increased use of desktop video due to unified communications solutions like Microsoft Lync growing in popularity – Microsoft bought Skype for a reason!

    However, this boom in video consumption has placed a growing burden on IT. This is a great problem to have as it means the systems are being used but, without tight management, the productivity benefits video affords risk being undermined by additional IT costs.

    Man vs. machine
    This poses several challenges to the decision makers at large financial institutions who are charged with ensuring video remains a productive tool for everyone – after all, it is commonly accepted that video enables an enterprise to realise higher levels of nimbleness and agility as dispersed teams can work more effectively together. So how is this best facilitated?

    Spotting the weaknesses in the more power/more people model, forward-thinking companies have overlaid their video infrastructure with advanced management software (also known as service delivery software) to better scale video in line with demand.

    It takes the legwork out of the videoconferencing process and allows a smaller number of specialist IT staff to manage call scheduling, management and reporting, resource utilisation, and multi-MCU support.

    Call scheduling
    Scheduling video calls can be complex or simple. Make sure your VC management software allows VC operators to assign the tasks of appropriate complexity to the staff who can handle them. There is no point in paying a VNOC operator to set up a basic call every time an employee needs to videoconference someone and a degree of ‘self service’ is now expected by employees used to unified communications systems like Lync. In this respect we’re entering an exciting period for video communications, because the transition from traditional video conferencing, which is heavily managed, to a self-service model, can only take place when people fully trust video’s quality (both audio and visual) and the solutions used build a reputation for reliability.

    Call management
    Every videoconferencing call involving more than two systems will use a multipoint control unit (MCU). This is a box which acts as a bridge connecting call participants. In a large financial organisation these need to be properly managed – users need to be easily added and removed from calls, for example. Detailed feedback on MCU use and call feedback should be available to your VC operators from a single page.

    Call reporting
    Data from every call should be analysed to allow VC operators to identify the endpoints that are underperforming and dropping data, adversely affecting call quality. It’s surprising how many organisations don’t know what their video systems are really doing. Without video network visibility provided by data collection you are flying blind. Video conferencing intelligence is essential to maintaining performance – you wouldn’t spend hundreds of thousands of pounds on an employee and then fail to chart their progress, so why should your VC solutions be any different?

    Genie out the bottle
    The numbers speak for themselves: we have several customers in the finance industry, hosting in total over a million minutes of video calls per month (around 17,500 hours) and posting usage growth of around 35 per cent year-on-year.

    The companies enjoying the best cost/benefit ratios with video are the ones that are providing a service level that promotes continuing usage growth, while managing that growth tightly with a service delivery tool. The more video/more manpower equation just doesn’t work.

    Affordable HD VC solutions from traditional manufacturers like Cisco and Polycom and new video-enabled unified communications solutions like Lync all add to the video estate, and the pressure is quickly building on banks and other financial institutions with heavy video usage to reduce manual tasks by automating set-up, management and reporting of calls and conferences. More people are not the answer. Empowering the ones you have, is.

     

     

     

     

    More from Technology

    Explore more articles in the Technology category

    Image for Nominations Open for Technology Awards 2026
    Nominations Open for Technology Awards 2026
    Image for Nominations Open for Innovation Awards 2026
    Nominations Open for Innovation Awards 2026
    Image for Archie earns industry recognition across G2, Capterra, and SoftwareReviews
    Archie Earns Industry Recognition Across G2, Capterra, and SoftwareReviews
    Image for The Bankaool Transformation: How a Regional Mexican Bank Became a Fintech Disruptor
    The Bankaool Transformation: How a Regional Mexican Bank Became a FinTech Disruptor
    Image for Submit Your Entry Today for Digital Banking Awards 2026
    Submit Your Entry Today for Digital Banking Awards 2026
    Image for Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Image for Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Image for Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Image for Entrepreneurial Discipline in the AI Economy: Insights from Dmytro Lavryniuk
    Entrepreneurial Discipline in the AI Economy: Insights From Dmytro Lavryniuk
    Image for Entries Now Open for Best New Digital Wallet Innovation Award 2026
    Entries Now Open for Best New Digital Wallet Innovation Award 2026
    Image for Call for Entries: Best Digital Wallet 2026
    Call for Entries: Best Digital Wallet 2026
    Image for Nominations Open for Brand of the Year Technology 2026
    Nominations Open for Brand of the Year Technology 2026
    View All Technology Posts
    Previous Technology PostTop Ten Ways Finance and Business Apps Can Help You
    Next Technology PostData Migration – It’s All About the Data