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BFSI segment is leveraging the enormous gain from Internet of Things (IoT) technology, the benefit are for both; the consumer as well as the organization. The Internet of Things in BFSI segment is applicable for devices to connected to the Internet to communicate and share information and other data with smart devices in real time. The BFSI business segment has started experiencing the IoT disruption from last few years in the form of mobile banking. However, mobile banking is seen as an incredible advancement in BFSI services.
Some of the important players in IoT in BFSI market are Cisco Systems, Inc., SAP SE, EMC Corporation, IBM Corporation, Symantec Corporation, Honeywell International, Inc., AT & T, Inc., Accenture PLC, Qualcomm, Inc. and Intel Corporation among others.