Using smart technologies to improve the quality of life, efficiency of services and management of resources and infrastructure in our cities is ever-more critical: 54% of the world’s population currently lives in urban areas, a figure set to rise to 66% by 2050. Meeting the social, economic and environmental needs of present and future urban generations involves a complex smart city ecosystem embracing multiple sectors such as transport, logistics, health, government services and education. The operational key to this ecosystem is smart banking, enabling secure, safe, easy and inclusive digital financial transactions. Moving beyond traditional banking is the approaching “internet of value”, where IoT will increasingly enable direct machine-to-machine transactions, cutting out the human middleman – your car will pay directly for fuel, your television for films, your watch for theatre tickets or drinks at the bar. What is the role of smart banking in the smart city ecosystem, today and in the future? How can we build networks to ensure safe, reliable and inclusive machine-to-machine transactions? How important are quality of service, reliability, interoperability and standards in establishing consumer and business trust? How will the stakeholders in smart city banking, from government to telcos, financial institutions and regulators, need to reposition and collaborate – and what is the potential impact for society?
Session part of ITU-T’s Smart ABC Programme
Open to Leader Pass, Executive Pass, Forum Pass, Forum 1-Day Pass and Media Pass holders