Billions of devices are connected to each other, and in doing so, become an intelligent system of systems. When these intelligent devices and systems share data on the cloud and begin to analyze, the can transform our business, our live, and our world – in countless ways.

Customers use smart devices for accessing data, which allows banks to provide a complete view of customer finances in real time. Banks can anticipate the needs of customers through the data collected and offer solutions and advice that can help customers take sound and smart financial decisions. In this way, the “Bank of things” can become a very powerful facilitator to increase customer loyalty, and in turn, bring in more business to banks.

Quelle / Link: IoT-enabled Banking Services