Seamless banking: 5G to aid talking ATMs, touch-less tech
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By Juliet Umeh
Despite the controversies surrounding the adoption of fifth-generation technology, 5G, around the world, technology experts have said it will improve the overall banking experience.
An Indian-based research firm, Hyderabad-based Institute for Development & Research in Banking Technology, IDRBT, said the new technology will be able to do so because of its abundant power in lower latency and higher speed.
It said that with 5G, minimum latency could be reduced to one millisecond as compared to 50 milliseconds for 4G and data speeds could be 10 to 20 times faster than 4G.