Issue No. 317

16 - 22 November 2000

Video conferencing
with bank experts

by Joseph Ghio

Client seeking expert banking advice can now do so via video conferencing, a new service being offered by Bank of Valletta.
The service was lauched yesterday at the Msida branch, and the bank plans to have video conferencing available in all branches by April of next year. At present the service is available at the Naxxar, San Gwann and Republic Street branches.
The bank’s clients are now able to receive real-time expertise from specialists at the Bancassurance office in Valletta without having to go there. Thus a client in Naxxar simply has to go to his locality’s branch and receive real-time help from the experts in Valletta.
BOV chairman Joseph F.X. Zahra said that through this new facility the branch staff will be able to
connect clients on a video conference with Bancassurance experts and thus provide ‘face to face’
communication.
The bank is running the new service on its private network, called BOVNET, which links all BOV branches to each other but formerly only used for conventional data transmissions.
BOVNET will now be used also to transmit audio and video data by means of which a client will not only talk to a bank expert in another branch but also see him on the computer screen at the branch’s offices. In turn, the expert on the other end will be able to talk and see the client on the screen at his own office.
The system makes use of common Web-cameras and computer speakers but the quality is much better than that experienced by Internet home users.
Video conferencing between the BOV branches will be transmitted over the bank’s private network and the data will be relayed in real-time.
The bank is also planning to widen the scope of the service to start providing direct live links with other bank experts besides those working at the Bancassurance office. He said video conferencing could also be used to provide advice on other specialised products such as fund management and private banking.

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