Banking and 5G Is a Thing
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What Banks Should Know Now, and How They Should Prepare
5G is beginning to roll out around the world. It’s 10 to up to 100 times as fast as its predecessor 4G, has higher capacity, and provides lower latency. It can be thought of as fiber over the air, and the bandwidth that it offers promises to cure many ills.
The power of 5G will offer forward-thinking banks the opportunity to improve the customer experience, develop new revenue opportunities, and reduce overall costs while shifting the allocation of those costs within the bank. Use cases are as varied as the places where 5G radio receivers will sit, ranging from improved mobile and video experience, to reduced back office costs for banks that can benefit from centrally maintained software pushed out to edge devices serving as thin clients