At the opening of Cab Febraban 2019, an event held annually in São Paulo and shows the main technological trends for the banking segment, experts argued that 5G will make the relationship between telephone operators and banks closer.
In one of the panel discussions at the fair, experts and representatives of the telecommunications industry, such as Rodrigo Uchoa, business director for digital transformation at Cisco, said that the 5G offers a number of possibilities for the industry, such as the opportunity to scale on demand the use of the network, as well as in cloud services.
Uchoa reminds us that there are still challenges, such as regulation, infrastructure and business model in 5G. Despite the possibility of operators opening their platforms to third parties, the expert believes that it is necessary to rethink the infrastructure.
The 5G is an opportunity for operators to become more agile and flexible.They could be innovative to the point that we will no longer have the difference between telecom operators and cloud service providers. “Rodrigo Uchoa, business director for digital transformation at Cisco.
As an example of this increase in structure, Uchoa points out that it will be necessary to increase ten times the size of cell sites. Therefore, it is a long process that demands discussion. In São Paulo, for example, there are 6.8 thousand sites, with a goal to reach 70 thousand.
The challenges in relation to regulation were also shared by Luiz Fernando Bourdot, director of technological innovation at Claro. In addition to remembering that there is no model defined for the auction of 3.5 GHz 5G, the executive recalled obstacles, such as the fact that currently, the SIMCard chips for Internet of Things have a telephone number, which may make business impossible that should only have data traffic, no voice.
Burdet sees, on the other hand, immediate potentials for the fifth generation of mobile internet in the industry, thanks to high speeds (up to 1.5 Gbps downlink), low latency and service to a broad network with ten times more devices than 4G. According to the executive, this set will enable greater use of digital assistants, fast brokering, massive IoT, pay-as-you-go devices, new payment methods, and real-time transaction processing.
In the 5G network infrastructure, there is the possibility of dividing the network (network slicing). This slicing can be done to suit the services of the banks. Once sliced, this network will have a layer of orchestration that can work dynamically to suit the needs of the customers. “Luiz Fernando Bourdot, director of technological innovation at Claro
Marcia Ogawa sees the 5G as a joint movement of banks and operators. For the managing director of Deloitte’s technology, media, and telecommunications division in Brazil, the two sectors can act to create business-especially data-sharing-capable of competing with advances in OTTs and fitness.
Operators can enter the infrastructure. And banks come in with the knowledge about their client. In addition, there are gray areas that can have collaboration on both sides, “said the executive. “This is the time for banks to start thinking about building their applications for 5G.”
Marcia Ogawa, managing partner of Deloitte’s technology, media and telecommunications division in Brazil
During MWC19, we explained some of the benefits of 5G and its differences to 4G.