5G and Next-Gen Consumer Banking Services

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 growthPower augmented reality /virtual realityMake Video shopping experiences more widespread and compellingEnable banks to deploy highly personalized customer service experiencesSupport time-sensitive banking applications, like online stock trading where milliseconds can determine a gain or lossImprove security and fraud prevention bycomputing and exchanging more data traveling between parties in real-timeEnhance mPOS transactions and utilization. 5G holds the potential to accelerate mobile point of sale (MPOS) transaction processing time and improve connectivityIn order to explore these topics, this book covers:• Decentralization of the banks• Banking without banks• 5G will change the modern banking industry• Blockchain adoption by the banking industry