How IoT impacts the financial industry - Fintech News

Financial services can benefit greatly from this technology, so let's talk about the different ways that IoT affects banking and financial decisions. IoT does serve a great purpose in the financial industry. In 2018, IoT spending in the banking and finance industry averaged roughly $153 million. IoT has already positively impacted the financial sector and will only continue to in the future. IoT saves financial companies a lot of time and money by gathering and transferring data.