Bank
IoT delivers a lot of benefits and applications to the banking and financial services. Here is a list of some solutions and benefits can internet of things brings for Banks:
- Device To Device Communications (D2D Protocols and Sensor Implementation)
- Cyber Security, Fraud Detection and Protection
- Contextualized Finance, Loan Approval, and Overspending Alert
- Inventory Monitoring For Finance
- Equipment and Vehicle Risk Forecasting (Driver/Operator/Operations Behavioral Based Risk Assessment)
- Data-Driven Enhanced Customer Experience
- Monitoring and Improving the Uptime Of Infrastructure
- Tracking and Enhancing the Asset Security
All over the world, the research and experiments are ongoing actively by banks and fintechs to unleash the full potential of IoT technologies and find new and innovative case uses.
