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Telefonica, Santander to apply 5G tech to the banking sector

June 17, 2019


Spanish telecommunications operator Telefonica and compatriot bank Banco Santander have inked an agreement to launch a joint initiative to apply 5G technology to the banking sector.

The two partners have developed three 5G use cases that customers can already experience at two bank offices in the city of Alcobendas, near Madrid.

The carrier said that this initiative will make it possible to advance in the application of new technologies in the financial sector as well as to develop 5G solutions for the banking sector and support corporate customers in their transformation process.

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