Since the financial crisis in 2008, European banks have been operating in a challenging environment. On the contrary, the challenges of a low-interest phase, increasing digitalization of competitors, intensified market competition and increasing regulatory requirements require rethinking strategies and changes in the structure of responsibility in order to remain competitive or become competitive again.
NB IoT is a new cellular standard for low-power wide-area (LPWA) managed M2M (machine to machine) networks. According to analysts - by 2021, this standard will be used by 45 of the world’s largest MNOs. Standard creation was driven by 3rd Generation Partnership Project (3GPP).