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E-raamat: 5G and Next-Gen Consumer Banking Services [Taylor & Francis e-raamat]

  • Formaat: 193 pages, 6 Tables, black and white; 12 Line drawings, black and white; 37 Halftones, black and white; 49 Illustrations, black and white
  • Ilmumisaeg: 23-Dec-2021
  • Kirjastus: CRC Press
  • ISBN-13: 9781003198178
  • Taylor & Francis e-raamat
  • Hind: 156,95 €*
  • * hind, mis tagab piiramatu üheaegsete kasutajate arvuga ligipääsu piiramatuks ajaks
  • Tavahind: 224,21 €
  • Säästad 30%
  • Formaat: 193 pages, 6 Tables, black and white; 12 Line drawings, black and white; 37 Halftones, black and white; 49 Illustrations, black and white
  • Ilmumisaeg: 23-Dec-2021
  • Kirjastus: CRC Press
  • ISBN-13: 9781003198178

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 growth
  • Power augmented reality /virtual reality
  • Make Video shopping experiences more widespread and compelling
  • Enable banks to deploy highly personalized customer service experiences
  • Support time-sensitive banking applications, like online stock trading where milliseconds can determine a gain or  loss
  • Improve security and fraud prevention bycomputing and exchanging more data traveling between parties in real-time
  • Enhance mPOS transactions and utilization. 5G holds the potential to accelerate mobile point of sale (MPOS) transaction processing time and improve connectivity

In 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

 



This book covers:

• Decentralization of the Banks

• Banking without Banks

• 5G will change Bank Industry

• BlockChain adoption by the Banking industry

• Modern Banking Industry

Acknowledgements xi
Author xiii
Chapter 1 Introduction
1(16)
The Answer Is in the Core
3(1)
Infrastructure
3(1)
Development
4(1)
Testing
5(1)
Instant Payment
6(3)
5G Innovations
9(1)
What 5G Could Mean for Banks
10(1)
Next-gen Customer Service
11(1)
Micro Banking Branches
12(1)
In a Nutshell
13(1)
What Will Be Good to Take from This
Chapter?
13(1)
Traditional Banking
13(1)
Banking Core
14(1)
Omnichannels
14(1)
Monolith Architecture
14(1)
Microservices
14(1)
Instant Payments
15(2)
Chapter 2 Traditional Banking
17(20)
Beginning of the Banking
17(2)
Development of the Banking
19(2)
Computer ERA in Banking
21(1)
The Use of Computers and Internet in Banking
22(1)
Introduction of Mobile
22(1)
Introduction of Credit Cards
23(1)
Monolithic Architecture of the Banking Software Systems
24(2)
Modernizing Core Banking Systems
26(2)
Progressive Modernization Architecture
28(2)
Database Silos and Why They Aren't Good Anymore
30(3)
Security Point of View (from the Beginning to the Mobile Banking Era Short Overview)
33(2)
In a Nutshell
35(1)
What Will Be Good to Take from This
Chapter?
35(1)
Modernization of the Core System
35(1)
Database Silos
36(1)
Chapter 3 Blockchain
37(14)
What Blockchain Means to the FinTech Industry?
37(1)
How Do Blockchain Transform Banking and FinTech Industry?
38(1)
What Exacdy Is Blockchain in Relation to the Commercial and Banking Industry?
39(1)
Behind the Curtain Mechanics of the Blockchain
39(2)
Receiving the Digital Currency
41(2)
How Can Banks and FinTech Benefit from Blockchain Technology?
43(1)
Use Cases of Blockchain in Consumer Banking
44(2)
The Future of Blockchain in Banking
46(1)
Payments Revolution
47(1)
Beyond Payments
47(1)
Speed of Adoption
48(1)
In a Nutshell
49(1)
What Will Be Good to Take from This
Chapter?
49(1)
Blocks
49(1)
Ledger
49(1)
Hash Code
49(1)
Mining
50(1)
Chapter 4 5G Opportunity
51(18)
5G Opportunity
51(1)
Edge Computing
52(1)
What Is Edge Computing?
53(1)
Smart Banking in 5G World
54(3)
The Architecture of Smart Bank Branch
57(1)
A One-Stop Financial Service Centre
58(1)
AI and VR-based Smart Banking
59(1)
How It Will Impact the Digital Banking Experience?
60(3)
KYC Onboarding
63(3)
In a Nutshell
66(1)
What Will Be Good to Take from This
Chapter?
66(1)
Edge Computing
66(1)
Smart Banking
66(1)
KYC
67(2)
Chapter 5 Digital Consumer
69(8)
Future of Money
69(2)
The Digital Euro
71(1)
Cryptocurrencies Show Risks
72(1)
Cutting Banks as a Middleman
73(1)
Regulators Embrace Blockchain
74(1)
The Future of Digital Transactions
75(1)
In a Nutshell
75(1)
What Will Be Good to Take from This
Chapter?
75(2)
Chapter 6 Synergy
77(16)
Digital Footprint
78(1)
How It Works
78(1)
Examples
78(1)
Understanding How It Functions
79(2)
Why It Matters
81(1)
Data Centralization
82(1)
Defining Data Centralization
83(1)
Benefits
83(2)
Quantum Computing
85(1)
How Quantum Computers Work?
85(1)
Quantum Computing and Banking
86(2)
An Example
88(1)
5G Fundamentals for 6G
88(1)
The Basics
88(1)
The Challenges
89(1)
Developments and Solutions
90(1)
In a Nutshell
91(1)
What Will Be Good to Take from This
Chapter?
91(1)
Digital Footprint
91(1)
Data Centralization
92(1)
Quantum Computing
92(1)
Chapter 7 Machine Learning, PaaS, and Other Future Banking Trends
93(18)
AI Banking Readiness
94(1)
Learning from Other Industries
95(1)
Power of Machine Learning in Analytics
96(2)
Machine Learning Options and Sales Strategy
98(2)
Machine Learning: The Rise of the (chat) Bots
100(1)
Payment-As-A-Services
101(1)
What Is the Purpose of PaaS?
101(1)
Benefits
102(1)
How Does It Work?
103(1)
Impact (in a Nutshell)
104(1)
Digital ID Is Becoming a Hidden Payments' Enabler for Retailers
104(1)
Unlocking a Bold New Ecosystem
105(1)
What Form Will the New Digital ID Take?
106(1)
Fingerprint Biometrics as a Digital Identity
106(1)
Building Trust with Biometrics
107(1)
Securing the Future of the Financial Industry
107(1)
In a Nutshell
108(1)
What Will Be Good to Take from This
Chapter?
108(1)
Machine Learning
108(1)
Payment-as-a-Services
109(2)
Chapter 8 Blockchain Bank Architecture
111(22)
What Could Be Exactly Blockchain in the Banking Context?
111(1)
Know Your Customer Steps
111(2)
KYC Push
113(1)
What Are the Benefits of Blockchain KYC?
114(4)
Public Perception about Using Blockchain Technology
118(3)
Banking-as-a-Service
121(1)
How Banking-as-a-Service (BaaS) Works?
122(1)
What Will Be Banking-as-a-Service?
122(1)
What Does BaaS Contain?
123(3)
Banking Software Will Become Modular
126(1)
Banking Software Platforms Are Not BaaS
126(3)
Blockchain Payment Software
129(1)
Blockchain-based Payment System
130(1)
In a Nutshell
131(1)
What Will Be Good to Take from This
Chapter?
131(1)
Banking-as-a-Service
131(1)
Blockchain Payment Software
132(1)
Chapter 9 Common Features: Banking of Tomorrow
133(18)
Transactions of Tomorrow
133(1)
Banks Look to Save Their Place in Tomorrow's Economy
133(1)
COVID-19 Accelerates Digital Banking Transformation
134(1)
Tech Partnerships Will Be Essential
134(2)
Rise of Digital Currencies
136(1)
Data and Software Are the Heart of the Digital Transformation Economy
137(1)
Savings of Tomorrow
138(2)
Money-saving Isn't Easy
140(1)
Spending Budget?
141(1)
Lower Fees for Spend Money Worldwide
141(1)
Vaults Spare Change Savings
141(1)
From Official Revolut Website
141(1)
Loans of Tomorrow
142(2)
Getting a Bitcoin Loan
144(1)
What Is a DeFi CryptoCurrency Lending?
145(1)
What Are Loan Models Available?
146(1)
Uses of Bitcoin Loans
147(1)
Risks of Crypto Loans for Borrowers
147(1)
Risks of Crypto Loans for Lenders
147(1)
Lack of Regulation
147(1)
In a Nutshell
148(1)
What Will Be Good to Take from This
Chapter?
148(1)
Rise of Digital Currencies
148(1)
Data and Software Are the Heart of the Digital Transformation Economy
148(1)
What Is a DeFi Cryptocurrency Lending?
149(2)
Chapter 10 Insurances Based on the Decentralized Network
151(22)
How Blockchain Can Help the Insurance Industry
151(1)
Using Blockchain to Get the Basic Aspects Right
151(1)
Using Blockchain to Support Innovations
152(1)
Blockchain's True Value
153(1)
Investment in DLT
154(1)
How Insurance Firms Are Implementing Blockchain Technologies
154(1)
Using Consortia to Develop Blockchain Capabilities for Insurance Firms
155(1)
Beyond Proof of Concept
156(1)
Successful Implementation of DLT within the Insurance Ecosystem
157(1)
Market Leaders
157(1)
Peer Networks
157(1)
Benefits of Blockchain in the Insurance Field
158(1)
Blockchain Insurance Uses
159(8)
What Is an Electronic Signature?
167(1)
The Three Types of Electronic Signatures
167(1)
Simple Electronic Signatures
168(1)
Advanced Electronic Signatures (AdES)
168(1)
Qualified Electronic Signatures (QESs)
168(1)
When Should an Electronic Signature Be Used?
169(1)
Electronic Signatures in the EU
170(1)
In a Nutshell
170(1)
What Will Be Good to Take from This
Chapter?
170(1)
How Blockchain Can Help the Insurance Industry
170(1)
Benefits of Blockchain in the Insurance Field
171(1)
Electronic Signatures in the EU
171(2)
Chapter 11 FinTech in Time
173(19)
The Future of Digital Banking
174(1)
Digital Open Banking Is Rewriting the Banking Rules!
174(2)
The Road Ahead for Indian Open Banking Ecosystems
176(1)
Financial Services Predictions
177(2)
Predictions
179(1)
Banks Will Become Similar to the Post Office in Terms of Perception
179(1)
All Businesses Will Be FinTech-based
180(1)
Latin America Will Show the Fastest Rate of Growth
180(1)
The War between Banks and Aggregators Will Be Lost
180(1)
Ant Financial's Market Share Will Grow to Make it the Largest Financial Institution Globally
181(1)
Customers Will Avoid Physical Banking in the Future
181(1)
Advancements in Financial Technology
182(1)
Growth of Digital Banks
182(1)
Concept Branches
183(1)
Branches for the Unbanked
183(1)
How Banking Will Change by 2030
184(1)
People Having a Say
184(1)
"Best of Both" Business Models
185(1)
Increased Security and Growth Focuses
185(1)
Innovation
185(1)
Enhanced Security Focus
186(1)
Emerging Regulations for Technology
187(1)
Big Tech and Borrowing
188(1)
Social Media Currency
188(2)
The Impact of Social Banking
190(1)
Can Blockchain Provide Security?
190(2)
The Fate of Laggard Business Models for Banking in 2030
192(1)
In Conclusion 192
SC. Krunoslav Ris, Ph.D., is a digital futurist who covers current Digital Transformation Business processes. He is an international FinTech speaker in over ten countries. Kruno has been in the IT business for 20 years, and he has worked on more than 400 projects. For the last ten years, Kruno has followed Digital Transformation processes worldwide on several projects across China, South Africa, Indonesia, and Germany. As a Head of Direct Channel Development in Zagrebaka Banka, he was directly involved in the Digital Transformation of the most prominent Croatian National Bank. His personal qualities, combined with diverse experiences in software development, mentoring, lecturing, software architecting, and strong leadership, give him a versatile perspective on upcoming technologies in the binary digital age.