This post was originally published on ZPE Systems
The banking and financial services industry deals with enormous, highly sensitive datasets collected from remote sites like branches, ATMs, and mobile applications. Efficiently leveraging this data while avoiding regulatory, security, and reliability issues is extremely challenging when the hardware and software resources used to analyze that data reside in the cloud or a centralized data center.
Edge computing decentralizes computing resources and distributes them at the network’s “edges,” where most banking operations take place. Running applications and leveraging data at the edge enables real-time analysis and insights, mitigates many security and compliance concerns, and ensures that systems remain operational even if Internet access is disrupted. This blog describes four edge computing use cases in banking, lists the benefits of edge computing for the financial services industry, and provides advice for ensuring the resilience, scalability, and efficiency of edge computing deployments.
4 Edge computing use cases in banking 1. AI-powered video surveillance
PCI DSS requires banks to monitor key locations with video surveillance, review and correlate surveillance data on a regular basis, and retain videos for at least 90 days. Constantly monitoring video surveillance feeds from bank branches and ATMs with maximum vigilance is
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