Simplifying IoT Connectivity for Finance

Choice IoT has the experience and the award-winning CAMP™ platform that empowers IoT Solution Providers to offer the best connectivity, simply managed deployment, while increasing profitability.

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Account Management: Customers can access their bank accounts from practically anywhere and any “thing” that has a digital interface. Biometrics such as voice or touch can simplify account access in these new “anywhere” digital channels.

Finance Automation: IoT technology helps in monitoring the wear and tear of assets in real-time. Metrics like asset usage and idle time provide important data points for the pricing of leased assets. Terms of leasing could be simplified and automated by the bank and get control over the leased asset. The bank can block or disable the leased asset remotely in case of contract termination or default.

Smart Collaterals: Better control over a customer’s mortgaged assets, such as home appliances, cars, etc with the help of IoT technology. The request for financing as well as the transfer of ownership could be automatic and completely digital in a matter of seconds. The bank can then issue the loan immediately, and monitor the collateral status in real-time.

Automated Payments: When thinking of payments, the integration of IoT into payment methods has been increased. Connected devices and wearables are being used for payments. Transactions become automated and will lead to greater convenience and smarter transactions. And eventually, the opportunity extends not only to the end-user but also to banks, and retailers.

Choice IoT provides custom IoT plans for Finance applications that simplify your deployments and maximize your bottom line. Get all your connectivity needs with whatever transmission technology your devices use:

  • 4G LTE
  • 5G
  • Narrow-Band IoT (NB-IoT)
  • CAT M1

Choice IoT also provides:

  • Carrier Certification Assistance
  • CAMP™, award-winning connectivity management platform
  • Private APN

Choose Choice IoT as Your Finance Industry Connectivity Partner Today.

To find out more how Choice IoT is simplifying wireless connectivity within Finance, make an appointment with Choice IoT to learn more!

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