IoT in Banking

The global Internet of Things (IoT) in banking industry is projected to be more than $90 billion by 2028.¹ With a need for extensive data, IoT can aid processes like credit rating, loan applications, and fraud detection.

Explore benefits, challenges and applications of IoT banking and finance industry:

IoT in banking refers to the interconnected webs of IoT devices that gather, transmit, and allow for the processing of data, in a cloud or in an on-premise server, to enhance the banking experience, for the customers and bankers alike https://research.aimultiple.com/iot-banking/

IoT in a thriving financial sector

Applications of IoT in the banking industry

1. Wearables and smart devices

2. IoT-enabled ATMs

3. Blockchain-based banking services

4. Indoor navigation solutions

5. Mobile banking chatbots