Enhancing Efficiency and Compliance: The Role of MDM in NBFCs

NBFCs, which are financial entities without a banking license but provide services such as asset finance, loans, and investment, are also embracing mobile solutions. They play a crucial role in bridging the credit gap and promote financial inclusion. Unlike, large international banks, NBFCs often lack the resources to invest heavily in cybersecurity, making them vulnerable to potential attacks

?To address these challenges, many banking institutions and NBFCs are turning to Mobile Device Management (MDM) solutions. MDM provides a way for these organizations to harness mobile technology’s advantages while maintaining robust security. The benefits of MDM solutions include:

• Enhanced Compliance: Banks and NBFCs are required to adhere to various regulatory standards and guidelines of RBI. MDM solutions help ensure compliance with these regulations, simplifying the audit process.
• Improved Customer Experience: MDM solutions offer features like Kiosk Mode or single app mode or multi-app mode, which makes mobile devices more user-friendly and interactive, leading to higher customer satisfaction.
• Application Control: MDM allows institutions to regulate the applications used on their mobile devices and their functionalities, ensuring a secure and efficient operational framework.

NBFCs can benefit from using IceWarp MDM, a sophisticated solution that provides both basic and advanced features to protect against cyber threats without straining resources. This solution can be quickly deployed and managed through the cloud, with easy enrolment processes and a unified management console for overseeing all devices from a central interface. And all this happens seamlessly with a single SLA- Truly a magical experience.

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