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Strategic Intelligence: The Internet of Things in Banking and Payments

Publisher GlobalData
Published Oct 02, 2025
Length 37 Pages
SKU # GBDT20495301

Description

Strategic Intelligence: The Internet of Things in Banking and Payments

Summary

This report provides an overview of the Internet of Things (IoT) theme and how it will impact the banking and payments industry. It predicts how IoT adoption will evolve, including the key challenges it will solve. It includes selected case studies, highlighting who is innovating in the banking and payments sector using IoT technologies. The report also includes a comprehensive data analysis, including market size and growth forecasts for IoT.

IoT as a theme has reached maturity. IoT-related merger and acquisition (M&A) and patent activity within the banking and payments sector continues to decline since peaking in 2021. Heightened scrutiny around data privacy remains a major obstacle to broader IoT adoption across the sector. IoT devices present new vulnerabilities. They frequently collect and transmit data without adequate security measures, creating a weak point for cybercriminals seeking access to the data reserves of banking companies. The fragmented security standards landscape and weak security of many IoT devices could hold back further IoT adoption.

Scope
  • Interactions between customers and connected devices yield two primary business avenues for banking and payments companies. The first is the ability to embed products and services into user interfaces and applications, ultimately boosting revenue. The second is the treasure trove of customer insights that can be extracted from user-generated data and the subsequent opportunities for more nuanced personalization.
  • The use cases of the IoT value chain solved the challenges that banking and payments companies faced and had an impact on some of their strategies, changing the way they make decisions and the way they engage with customers and employees.
  • As more banking and payments companies use IoT technologies, they will see the benefits of increased operational efficiency, ensuring compliance terms have been met and allowing more time to be focused on more strategic initiatives.
Reasons to Buy
  • Benchmark yourself against the rest of the market.
  • Unlock valuable insights into the IoT theme in the banking and payments industry.
  • Ensure you remain competitive as new innovations and developments in the theme transform the banking and payments sector.
  • Quickly identify attractive investment targets in the banking and payments industry by understanding which companies are most likely to be winners in the future based on our thematic scorecards.
  • Gain a competitive advantage in the banking and payments industry by understanding the potential of IoT.

Table of Contents

37 Pages
Executive Summary
Players
Value Chain
The Impact of IoT on Banking and Payments
How IoT helps tackle the challenge of personalization
How IoT helps tackle the challenge of ESG
How IoT helps tackle the challenge of cybersecurity and fraud risk
How IoT helps tackle the challenge of financial inclusion
Case Studies
Commerzbank partnered with T-Systems to integrate IoT into supply chain finance
Seven Bank’s Face Cash provides secure ATM transactions using IoT
The Helium Network: cryptocurrency in exchange for deploying IoT hotspots
The IoT Timeline
Companies
Leading IoT adopters in banking and payments
Specialist IoT vendors in banking and payments
Sector Scorecards
Retail banking sector scorecard
Who’s who
Thematic screen
Valuation screen
Risk screen
Payments sector scorecard
Who’s who
Thematic screen
Valuation screen
Risk screen
Glossary
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Leading IoT adopters in banking and payments
Table 2: Specialist IoT vendors in banking and payments
Table 3: Glossary
Table 4: GlobalData reports
List of Figures
Figure 1: Key players in the IoT theme
Figure 2: The IoT value chain
Figure 3: Banking and payments companies should focus investment on the app and data layers
Figure 4: The IoT story
Figure 5: Who does what in the retail banking space?
Figure 6: Thematic screen - Retail banking sector scorecard
Figure 7: Valuation screen - Retail banking sector scorecard
Figure 8: Risk screen - Retail banking sector scorecard
Figure 9: Who does what in the payments space?
Figure 10: Thematic screen - Payments sector scorecard
Figure 11: Valuation screen - Payments sector scorecard
Figure 12: Risk screen - Payments sector scorecard
Figure 13: Our five-step approach for generating a sector scorecard

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