Vol. 1 No. 4 (2024), Articles
Vol. 1 No. 4 (2024)

INTERNET OF THINGS AND ITS IMPLICATIONS ON FINANCIAL SERVICES

Articles
Published 2024-12-05
Yelamanova Nuriya Asan kizi
Tashkent state university of economics The teacher of Turtkul faculty Email: nuriyayelamanova@gmail.com Phone number: +998999597887
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Keywords

application, industry, risks, smartphones, wearable devices, finance leaders, nodernization.

Abstract

Financial Services ( FS) sector in today’s time is highly dependent on technology for various transactional activities. With increase in smart devices that enable customers to make payments or authorize transactions more conveniently, IoT ( Internet of Things)seems to be a major enabler for this domain. IoT, paired with other latest technologies like blockchain, ML and others has made the process of using smart devices more practical and secure over time for financial transactions. The objective of this paper is to understand the impact of IoT applications on Financial services by studying the applications cases, benefits, and future scope of IoT technology in this sector.

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