Case Study: First Newton National Bank
Security was a key concern, as confidential business is conducted within the meetings, and sensitive information is included in board packets. As the technology partner for FNNB, McGladrey discussed the options and potential solutions for the institution.
FI Connect is a broad intranet solution, designed to meet the unique needs of financial institutions. As board communication was the only concern at the time for FNNB, the team scaled the solution to fit the bank's current needs. However, further functionality and customization are available in the future to develop a true intranet environment.
FNNB wanted to view meeting information, not only remotely, but from the board meeting itself. A secure wireless network was deployed on-site and iPads were distributed to board members. When the board meetings are scheduled, members connect their tablets wirelessly to access the FI Connect site located on the bank's system.
As the meeting progresses, members can pull up their packets on their iPads and follow along. This allows the bank to continue their pursuit of going green and becoming more environmentally friendly by eliminating the need for paper. It also significantly reduces labor, and from an access perspective, it allows board members to view FI Connect, as well as their meeting packets from any compatible device, such as their tablet, laptop or home PC.
The board required a high level of security when viewing their sensitive information wirelessly. With increased options for access, board members must enter credentials to log in and view their packets.
Other security measures that can be deployed include locking documents down so that they are viewable, but not downloadable, only available for a certain period of time and unable to be printed. There is a comprehensive security model to fit the specific functionality and security needs of financial institutions.
McGladrey developed an intranet site for the FNNB board of directors, with a portal to manage documents to allow for uploading different information from individual areas of the bank into a central repository. There are also approval workflow capabilities, so documents can be reviewed prior to being added to the board packet. Once the board packet is published, notifications are sent to board members that it is available for their access. And then, they simply log on to the portal to view the information.
They said it
- Gary Kahn, President, First Newton National Bank
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