IoT in Online Banking

As we know, there are so many changes arriving right now ion the banking industries which are really complex industries. Every day, huge amount of data is processed and gathered. With this increase in size, it is becoming more difficult for banking institutions to manage this data and handle other segments of their business. This paper presents the scope of IoT in the banking domain and how various transformations could potentially bring game changing reforms in the traditional methodology. Banking institutions need to integrate IoT in their systems to increase their market share by providing services catered to a clients need based on the data that’s being processed in real time. In future, IoT will be able to create such technologies which will be able to connect physical objects so that objects can do their own intelligent decision making.

[1]  M. Bahaj,et al.  Big Data and IoT: A Prime Opportunity for Banking Industry , 2017 .

[2]  Malti Bansal,et al.  Application Layer Protocols for Internet of Healthcare Things (IoHT) , 2020, 2020 Fourth International Conference on Inventive Systems and Control (ICISC).

[3]  Priya,et al.  Performance Comparison of MQTT and CoAP Protocols in Different Simulation Environments , 2020 .

[4]  Malti Bansal,et al.  Machine Learning Perspective in VLSI Computer-Aided Design at Different Abstraction Levels , 2021, Mobile Computing and Sustainable Informatics.

[5]  Malti Bansal,et al.  Advancing e-Government Using Internet of Things , 2021, Mobile Computing and Sustainable Informatics.

[6]  Hariharan Ramalingam,et al.  Conceptual analysis of Internet of Things use cases in Banking domain , 2019, TENCON 2019 - 2019 IEEE Region 10 Conference (TENCON).

[7]  Malti Bansal,et al.  Industrial Internet of Things (IIoT): A Vivid Perspective , 2021 .

[8]  Zhangbing Zhou,et al.  Energy-efficient sensory data gathering based on compressed sensing in IoT networks , 2020, Journal of Cloud Computing.

[9]  G. R. Gangadharan,et al.  Towards an “Internet of Things” framework for financial services sector , 2016, 2016 3rd International Conference on Recent Advances in Information Technology (RAIT).

[10]  Mohamed Tabaa,et al.  Impact of digital trends using IoT on banking processes , 2019, ANT/EDI40.

[11]  Mohsen Guizani,et al.  Internet of Things: A Survey on Enabling Technologies, Protocols, and Applications , 2015, IEEE Communications Surveys & Tutorials.

[12]  Apurva Taralekar,et al.  One touch multi-banking transaction ATM system using biometric and GSM authentication , 2017, 2017 International Conference on Big Data, IoT and Data Science (BID).

[13]  Pranita P. Deshmukh,et al.  Smart banking using IoT , 2018, 2018 International Conference on Research in Intelligent and Computing in Engineering (RICE).