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The Banking Internet of Things (BIoT) is a rapidly growing market within the finance sector. It is a combination of the Internet of Things (IoT) and banking services, allowing customers to access banking services through connected devices. BIoT enables customers to access banking services from anywhere, anytime, and with greater convenience. It also provides banks with the ability to offer more personalized services to customers, such as tailored financial advice and product recommendations. Additionally, BIoT can help banks reduce costs and improve operational efficiency.
Some of the companies in the BIoT market include Mastercard, Visa, PayPal, Amazon, Apple, and Google. These companies are leveraging their existing technology and infrastructure to provide customers with secure and convenient banking services. Additionally, many banks are partnering with these companies to offer their customers access to BIoT services. Show Less Read more
