Redefining Banking With 'Bank in a Box' InnovationsProfessor D. Janakiram Discusses How 5G and Edge Cloud Could be a Game Changer
The hyperconvergence of the communication and computing technology of 5G and edge cloud to offer virtualized services to customers in the form of a "bank in a box" will redefine the way banks will operate in the future, said professor D. Janakiram, director of the Reserve Bank of India's Institute for Development and Research in Banking Technology.
"What we are proposing is to bring the edge cloud and 5G components such as AR and VR equipment together along with all the virtualized services of the bank, which is customized into the edge cloud, and place them in a mobile van connected with private network servers to offer as a 'bank in a box' concept to the rural customers," said Janakiram.
In this video interview with Information Security Media Group at ISMG's Dynamic CISO Excellence Awards and Conference, Janakiram also discusses:
- How these innovations can be disruptive to the security ecosystem;
- How to enhance user experience and reduce response time;
- Banking services offered through "bank in a box."
Janakiram, a keynote speaker at the conference, has served as a professor at the Indian Institute of Technology Madras for over 30 years. His current research is on building large-scale distributed systems, cloud computing and blockchain technologies.