5G and Next-Gen Consumer Banking Services
Release date:December 23, 2021
Language:English
Pages:208
ISBN:9781032055725
Publisher:CRC Press
Price:£99.99
The future has already begin. The banking industry needs to adjust, or it will disappear in the next decade. With the help of 5G, next-generation intelligent ATM-like devices will have highly integrated functions and use technologies such as artificial intelligences-assisted self-service contactless interfaces with facial recognition and digital signatures. This book focuses on new experiences that clients can expect when connected to a 5G network with a 5G device. By 2022 we hope that 5G will:
- Drive accelerated mBanking growth
- Power augmented reality /virtual reality
- Make Video shopping experiences more widespread and compelling
- Enable banks to deploy highly personalised customer service experiences
- Support time-sensitive banking applications, like online stock trading where milliseconds can determine a gain or loss
- Improve security and fraud prevention bycomputing and exchanging more data traveling between parties in real-time
- Enhance mPOS transactions and utilisation. 5G holds the potential to accelerate mobile point of sale (MPOS) transaction processing time and improve connectivity
In order to explore these topics, this book covers:
• Decentralisation of the banks
• Banking without banks
• 5G will change the modern banking industry
• Blockchain adoption by the banking industry
