FinTech Magazine December 2020 | Page 28

LEADERSHIP
28 article , ‘ The derivative effect : How financial services can make IoT technology pay off ’, found that sensor device installation has experienced between 20 % and 100 % compound annual growth among banks , capital markets , investment managers and more . A survey conducted by Deloitte in the summer of 2020 , he tells us , found that COVID-19 had only served to broaden IoT ’ s appeal .
Poole adds that Infinity Works has been collaborating with Starling Bank to develop the latter ’ s use of IoT , “ We ’ ve primarily worked with challenger banks to build a flexible , secure and scalable set of services that allow for innovative uses .” However , even from a non-challenger bank perspective , Marshall makes it clear that CAB has been pursuing greater
DECEMBER 2020