{"id":11858,"date":"2018-12-17T14:12:35","date_gmt":"2018-12-17T14:12:35","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=11858"},"modified":"2018-12-17T14:13:45","modified_gmt":"2018-12-17T14:13:45","slug":"asian-financial-market-benefits-greatly-from-iot","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/asian-financial-market-benefits-greatly-from-iot\/","title":{"rendered":"Asian financial market benefits greatly from IoT"},"content":{"rendered":"<p>The internet of things (IoT) is transforming financial markets around the world, and Asian banks and insurers are benefitting greatly. According to a study by market research firm ReportsnReports, the size of the global IoT financial services market is set to grow from USD 249.4 million in 2018 to USD 2.03 billion by 2023. This signals a huge range of opportunities, especially in Asia, which is expected to have the highest growth rate in IoT-based finance solutions in the world. According to experts, dynamic adoption and aggressive marketing of IoT technology are driving IoT growth in the region, as are the increasing penetration of devices equipped with data-gathering features such as accelerometers, gyroscopes and GPS. The study added that the insurance segment is also expected to grow rapidly as IoT helps insurers more effectively determine pricing and provide services that keep people and their assets safe.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-11858 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Sberbank joins IoT consortium'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/sberbank-joins-iot-consortium\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/12\/sberbank-joins-iot-consortium-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11864\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11864'>\n\t\t\t\tSberbank joins IoT consortium\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Developing IoT solutions in the financial industry'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/developing-iot-solutions-in-the-financial-industry\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/12\/developing-iot-solutions-in-the-financial-industry-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11925\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11925'>\n\t\t\t\tDeveloping IoT solutions in the financial industry\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Banks must embrace fintech to survive'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/banks-must-embrace-fintech-to-survive\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/people-standing-together-in-shape-of-an-arrow_3446-294-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8578\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/people-standing-together-in-shape-of-an-arrow_3446-294-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/people-standing-together-in-shape-of-an-arrow_3446-294-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/people-standing-together-in-shape-of-an-arrow_3446-294.jpg 626w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8578'>\n\t\t\t\tBanks must embrace fintech to survive\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The internet of things (IoT) is transforming financial markets around the world, and Asian banks and insurers are benefitting greatly. According to a study by market research firm ReportsnReports, the size of the global IoT financial services market is set to grow from USD 249.4 million in 2018 to USD 2.03 billion by 2023. This &hellip;<\/p>\n","protected":false},"author":5,"featured_media":11909,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[49,421],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/11858"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=11858"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/11858\/revisions"}],"predecessor-version":[{"id":11859,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/11858\/revisions\/11859"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/11909"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=11858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=11858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=11858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}