Finance

Edge: Critical Factors to Consider When Deploying Edge Technologies in Banking

Technology is rapidly transforming the way global business is done – from the amount of data housed centrally to how services are delivered locally at the edge. This acceleration is particularly visible in banking and finance where the traditional bank branch is transforming into a digital branch, and services are delivered directly to the end user via new digital technologies, much like how the IoT is being deployed in traditional retail with kiosks and self-service information.

traditional banks are moving to digital technologies

Traditional banks branches where customers queue at the bank counter are quickly being replaced with digital branches. Image by © Hiya Images/Corbis

While edge computing applications are not new to the banking world, there is an identifiable acceleration at work. Consider the incremental demands for more traditional banking services over the last decade such as high-frequency trading, smarter ATMs and video tellers – all pushing the need for more bandwidth.

Watch my latest video to learn more about these trends and the challenges they present. In it, I discuss some of the most critical elements to consider for the creation of robust hybrid and edge architectures including standardized deployment, physical security and the ability to leverage remote monitoring tools.

Of course, feel free to skip the video and jump straight to the technical expertise found in our whitepapers such as WP#256 on “Why Cloud Computing is Requiring us to Rethink Resiliency at the Edge”, WP#174 on “Practical Options for Deploying Small Server Rooms and Data Centers” or try out our Trade-Off tools which offer advice on sizing IT pods, rack power architecture efficiency, IT carbon and energy efficiency allocation and more.

Visit Schneider Electric’s website for more solutions for the banking and finance industry or view a related article on Challenging Our Edge Computing Theory: What Tech Retailers May Turn to for Salvation.


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