Go Back Research Article December, 2024

5G-DRIVEN IOT IN BANKING: REVOLUTIONIZING REAL-TIME TRANSACTION PROCESSING

Author Kalyan C

Abstract

The integration of 5G technology with the Internet of Things (IoT) is changing the way the banking sector works, often as real-time transaction processing is available. This transformation enables real-time fraud detection with AI-powered IoT systems, mobile and wearable banking, and smart branch operations. 5G-driven IoT also enables predictive analytics that power personalized financial services. By addressing scalability and operational efficiency, this paradigm shift is changing the face of banking infrastructure and making it adaptive, secure, and customer-oriented.

Keywords

5g technology internet of things (iot) real-time transaction processing financial institutions instant identity verification automated payment systems customer experience data security regulatory compliance digital transformation in banking smart banking solutions connected devices network infrastructure blockchain integration data analytics
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Volume 3
Issue 1
Pages 1-14
ISSN 1664-1774