Banks and financial institutions are incorporating geofencing solutions to enhance the customer experience and services. With its ability to provide additional security for fraud prevention and improve the customer relationship, geofencing can significantly improve the customer satisfaction and revenue. With the help of the geofencing technology, banks can locate eCommerce customers via their IP address and send contextually relevant content, such as special credit offers, merchant promotions, loyalty programs, and information about working hours. By setting up geofences around the bank branches, banks can identify the High Net Worth Individual (HNWI) customers when they are onsite and ensure they are given the appropriate level of service. Some financial companies are exploring the possibilities of partnering with geofencing merchants. The various applications of geofencing in the BFSI industry include customer tracking and fraud prevention, and marketing and promotions.
Geofencing Solutions in BFSI
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LocationSmart Geofencing Solutions Smart Zone geofencing services deliver propinquity insights necessary for the daily activities. It provides services from fetching devices to tracking product shipments halfway around the world and more. LocationSmart Geofencing Solutions power and accuracy will provide the organisation an opportunity to open the doors to targeted engagement opportunities.
GeoHems Geofencing Solutions provides GPS based location tracking solutions. Maven Systems M2M Solution – GPS based location tracking uses software filtering algorithms to work on raw values obtained from the GPS Modules and provide the most accurate location data.
Embitel Geofencing Solutions helps businesses in implementing 3D object marker detection solutions for geo-fencing, profile status updates on entering and leaving the perimeters and alert generation systems and communication solutions. Embitel Geofencing Solutionshas successfully deployed push notifications in several mobile apps with the help of numerous solutions such as Evaluated Parse, Urban Airship, Django, GCM etc.
Raveon Technologies offers RavTrack geofencing solutions that are specifically created for Public Safety AVL, Construction Equipment Tracking, Parks and Mine Equipment Tracking, security management, theft discovery, vehicle delivery and more. RavTrack geofencing solutions GPS tracking solution leverage VHF/UHF/ISM radio channels which makes their solutions faster, and cuts down on any monthly expenditures.
Succorfish Geofencing Solutions asset tracking platform permits customers to precisely monitor and connect with all mobile assets from one central hub. The platform provides an all encompassing ATS and a communication channel (2 way) from which it records, analyse and extract real time data from the personnel and tactical assets. Succorfish Geofencing solutions has the ability to define a virtual perimeter for a real-world geographic area. The breaking of the geofence perimeter alerts that indicates that an asset is deviating from a predefined route.