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THE IMPACT ON BANKING; With the hype surrounding the latest incarnation of wireless technology, 5G, reaching ever higher levels, Joy Macknight investigates how its rollout will impact financial services - and whether it has the potential to transform the

Nov 01, 2019 - The Banker

The fifth generation of global wireless technology, or 5G, is a fundamental building block in the transition to a digital economy and core to initiatives such as Digital India, Made in China 2025 and the EU's Digital Single Market. Its promise of greater data speeds (50 to 100 times faster than 4G); reduced power consumption; higher security and reliability; and very low latency - 1 millisecond (ms) compared with 4G's 50ms - is expected to have a transformative effect on many industries, and to ...