The Internet of things: what does FinTech cover?

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  • ·        The safe-keeping of banking network devices via the Internet of things system helps to control and supervise the activities on the devices and deals with unmanaged equipment.
  • ·        With the use of mobile banking platforms, traditional finance institutions can keep track of customer behavior and define which payment method to adopt accordingly.
  • ·        Mobile point of sale (POS) systems have replaced the conventional POS systems.
  • ·        Instead of banking cards, wearable digital inventions such as bracelets and smartwatches as well as your day-to-day smartphones can be used to complete your payments.
  • ·        Smart refrigerators and connected speakers order products and make payments without any human intervention.
  • ·        Wristbands and smartphones enable biometric identification with FinTech.

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The services the Internet of Things operates

The Internet of things helps to operate several devices

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