The Next Phase Of IoT Evolution In BFSI Sector

The Internet of Things (IoT) presents boundless opportunities for the banking industry. Frictionless onboarding, contextual services, multichannel payments, smart asset tracking and back end optimization are some of the key reasons that is driving IoT adoption among banks in India. However, IoT also exposes the banks adopting it to cyber security breaches that could threaten the trust and reputation that banks base their existence on.

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