Innovative IoT strategies for the forward-thinking Bank
Gain insights on how to leverage the Internet of Things in the banking industry for better decision-making and operational excellence.
“About 75% of Americans are comfortable with connected device payments indicating a growing trust for IoT banking.” *Zipdo
How is IoT changing banking: latest trends
See insights on how to leverage IoT in banking
Trend: biometric ATMs
ATMs equipped with IoT can now use biometric verification, like fingerprint or facial recognition, to enhance security and reduce fraud.
Trend: connected cars
Banking services are expanding into IoT-enabled vehicles, where you could pay for gas, tolls, or parking directly from your car’s dashboard.
Trend: smart contracts
With IoT, banks are starting to use blockchain-based smart contracts that self-execute and self-maintain, based on real-time asset and data tracking, making transactions more secure and efficient.
We at SumatoSoft develop custom IoT solutions for the banking industry.
Get proof of our successfully completed IoT projects in the profile.
IoT in mobile banking applications is expected to exceed $96 billion by 2023. *Zipdo
Why choose SumatoSoft
The system has produced a significant competitive advantage in the industry thanks to SumatoSoft’s well-thought opinions.
They shouldered the burden of constantly updating a project management tool with a high level of detail and were committed to producing the best possible solution.
I was impressed by SumatoSoft’s prices, especially for the project I wanted to do and in comparison to the quotes I received from a lot of other companies.
Also, their communication skills were great; it never felt like a long-distance project. It felt like SumatoSoft was working next door because their project manager was always keeping me updated. Initially.
We tried another company that one of our partners had used but they didn’t work out. I feel that SumatoSoft does a better investigation of what we’re asking for. They tell us how they plan to do a task and ask if that works for us. We chose them because their method worked with us.
Together with the team, we have turned the MVP version of the service into a modern full-featured platform for online marketers. We are very satisfied with the work the SumatoSoft team has performed, and we would like to highlight the high level of technical expertise, coherence and efficiency of communication and flexibility in work.
We can say with confidence that SumatoSoft has realized all our ideas into practice.
The Rivalfox had the pleasure to work with SumatoSoft in building out core portions of our product, and the results really couldn’t have been better.
SumatoSoft provided us with engineering expertise, enthusiasm and great people that were focused on creating quality features quickly.
Frequently asked questions
What is the Internet of Things in the context of banking?
IoT in banking refers to the use of interconnected devices and sensors that collect and exchange data to improve banking services, enhance security, and offer personalized customer experiences.
How is SumatoSoft contributing to IoT in the banking industry?
SumatoSoft is at the forefront of IoT by developing secure, innovative solutions that improve operational efficiency, enhance customer experiences, and offer new banking services through the power of IoT technology.
What is the process SumatoSoft follows to develop a custom IoT solution for a bank?
Our process begins with an in-depth analysis of the bank’s requirements, followed by designing a prototype. After rigorous testing and client feedback, we move on to development and integration.
How does SumatoSoft support banks after deploying an IoT solution?
Post-deployment, SumatoSoft provides comprehensive support including system updates, maintenance, and 24/7 troubleshooting to ensure continuous, smooth operations of the IoT banking solutions we provide.