5G and Next-Gen Consumer Banking Services

Cover
Half Title
Title Page
Copyright Page
Table of Contents
Acknowledgements
Author
Chapter 1: Introduction
	The Answer Is in the Core
	Infrastructure
	Development
	Testing
	Instant Payment
	5G Innovations
	What 5G Could Mean for Banks
	Next-gen Customer Service
	Micro Banking Branches
	In a Nutshell
		What Will Be Good to Take from This Chapter?
			Traditional Banking
			Banking Core
			Omnichannels
			Monolith Architecture
			Microservices
			Instant Payments
Chapter 2: Traditional Banking
	Beginning of the Banking
	Development of the Banking
	Computer ERA in Banking
	The Use of Computers and Internet in Banking
	Introduction of Mobile
	Introduction of Credit Cards
	Monolithic Architecture of the Banking Software Systems
	Modernizing Core Banking Systems
	Progressive Modernization Architecture
	Database Silos and Why They Aren’t Good Anymore
	Security Point of View (from the Beginning to the Mobile Banking Era Short Overview)
	In a Nutshell
		What Will Be Good to Take from This Chapter?
			Modernization of the Core System
			Database Silos
Chapter 3: Blockchain
	What Blockchain Means to the FinTech Industry?
	How Do Blockchain Transform Banking and FinTech Industry?
	What Exactly Is Blockchain in Relation to the Commercial and Banking Industry?
	Behind the Curtain Mechanics of the Blockchain
	Receiving the Digital Currency
	How Can Banks and FinTech Benefit from Blockchain Technology?
	Use Cases of Blockchain in Consumer Banking
	The Future of Blockchain in Banking
		Payments Revolution
		Beyond Payments
		Speed of Adoption
	In a Nutshell
		What Will Be Good to Take from This Chapter?
			Blocks
			Ledger
			Hash Code
			Mining
Chapter 4: 5G Opportunity
	5G Opportunity
	Edge Computing
	What Is Edge Computing?
	Smart Banking in 5G World
	The Architecture of Smart Bank Branch
	A One-Stop Financial Service Centre
	AI and VR-based Smart Banking
	How It Will Impact the Digital Banking Experience?
	KYC Onboarding
	In a Nutshell
		What Will Be Good to Take from This Chapter?
			Edge Computing
			Smart Banking
			KYC
Chapter 5: Digital Consumer
	Future of Money
	The Digital Euro
	Cryptocurrencies Show Risks
	Cutting Banks as a Middleman
	Regulators Embrace Blockchain
	The Future of Digital Transactions
	In a Nutshell
		What Will Be Good to Take from This Chapter?
Chapter 6: Synergy
	Digital Footprint
		How It Works
		Examples
		Understanding How It Functions
		Why It Matters
	Data Centralization
		Defining Data Centralization
		Benefits
	Quantum Computing
		How Quantum Computers Work?
		Quantum Computing and Banking
		An Example
	5G Fundamentals for 6G
		The Basics
		The Challenges
		Developments and Solutions
	In a Nutshell
		What Will Be Good to Take from This Chapter?
			Digital Footprint
			Data Centralization
			Quantum Computing
Chapter 7: Machine Learning, PaaS, and Other Future Banking Trends
	AI Banking Readiness
	Learning from Other Industries
	Power of Machine Learning in Analytics
	Machine Learning Options and Sales Strategy
	Machine Learning: The Rise of the (chat)Bots
	Payment-As-A-Services
		What Is the Purpose of PaaS?
		Benefits
		How Does It Work?
		Impact (in a Nutshell)
	Digital ID Is Becoming a Hidden Payments’ Enabler for Retailers
		Unlocking a Bold New Ecosystem
		What Form Will the New Digital ID Take?
		Fingerprint Biometrics as a Digital Identity
		Building Trust with Biometrics
		Securing the Future of the Financial Industry
	In a Nutshell
		What Will Be Good to Take from This Chapter?
			Machine Learning
			Payment-as-a-Services
Chapter 8: Blockchain Bank Architecture
	What Could Be Exactly Blockchain in the Banking Context?
	Know Your Customer Steps
		KYC Push
		What Are the Benefits of Blockchain KYC?
	Public Perception about Using Blockchain Technology
	Banking-as-a-Service
		How Banking-as-a-Service (BaaS) Works?
		What Will Be Banking-as-a-Service?
	What Does BaaS Contain?
	Banking Software Will Become Modular
		Banking Software Platforms Are Not BaaS
	Blockchain Payment Software
	Blockchain-based Payment System
	In a Nutshell
		What Will Be Good to Take from This Chapter?
			Banking-as-a-Service
			Blockchain Payment Software
Chapter 9: Common Features: Banking of Tomorrow
	Transactions of Tomorrow
		Banks Look to Save Their Place in Tomorrow’s Economy
		COVID-19 Accelerates Digital Banking Transformation
		Tech Partnerships Will Be Essential
		Rise of Digital Currencies
		Data and Software Are the Heart of the Digital Transformation Economy
	Savings of Tomorrow
		Money-saving Isn’t Easy
		Spending Budget?
		Lower Fees for Spend Money Worldwide
		Vaults Spare Change Savings
		From Official Revolut Website
	Loans of Tomorrow
		Getting a Bitcoin Loan
		What Is a DeFi CryptoCurrency Lending?
		What Are Loan Models Available?
		Uses of Bitcoin Loans
		Risks of Crypto Loans for Borrowers
		Risks of Crypto Loans for Lenders
		Lack of Regulation
	In a Nutshell
		What Will Be Good to Take from This Chapter?
			Rise of Digital Currencies
			Data and Software Are the Heart of the Digital Transformation Economy
			What Is a DeFi Cryptocurrency Lending?
Chapter 10: Insurances Based on the Decentralized Network
	How Blockchain Can Help the Insurance Industry
		Using Blockchain to Get the Basic Aspects Right
		Using Blockchain to Support Innovations
	Blockchain’s True Value
	Investment in DLT
		How Insurance Firms Are Implementing Blockchain Technologies
		Using Consortia to Develop Blockchain Capabilities for Insurance Firms
		Beyond Proof of Concept
		Successful Implementation of DLT within the Insurance Ecosystem
		Market Leaders
	Peer Networks
	Benefits of Blockchain in the Insurance Field
	Blockchain Insurance Uses
	What Is an Electronic Signature?
		The Three Types of Electronic Signatures
		Simple Electronic Signatures
		Advanced Electronic Signatures (AdES)
		Qualified Electronic Signatures (QESs)
		When Should an Electronic Signature Be Used?
		Electronic Signatures in the EU
	In a Nutshell
		What Will Be Good to Take from This Chapter?
			How Blockchain Can Help the Insurance Industry
			Benefits of Blockchain in the Insurance Field
			Electronic Signatures in the EU
Chapter 11: FinTech in Time
	The Future of Digital Banking
		Digital Open Banking Is Rewriting the Banking Rules!
		The Road Ahead for Indian Open Banking Ecosystems
	Financial Services Predictions
	Predictions
		Banks Will Become Similar to the Post Office in Terms of Perception
		All Businesses Will Be FinTech-based
		Latin America Will Show the Fastest Rate of Growth
		The War between Banks and Aggregators Will Be Lost
		Ant Financial’s Market Share Will Grow to Make it the Largest Financial Institution Globally
		Customers Will Avoid Physical Banking in the Future
		Advancements in Financial Technology
		Growth of Digital Banks
		Concept Branches
		Branches for the Unbanked
	How Banking Will Change by 2030
		People Having a Say
		“Best of Both” Business Models
		Increased Security and Growth Focuses
		Innovation
		Enhanced Security Focus
		Emerging Regulations for Technology
		Big Tech and Borrowing
		Social Media Currency
		The Impact of Social Banking
		Can Blockchain Provide Security?
		The Fate of Laggard Business Models for Banking in 2030
	In Conclusion