Full Stack IOT Solutions@AJEEVI

Industries->Smart Banking

Smart Banking @ AJEEVI

The banking industry is a critical pillar of the economy, and like any other industry, it has been undergoing significant transformations over the years. The banking sector has been quick to adopt technological advancements, with the latest being the Internet of Things (IoT). IoT is a network of interconnected devices and objects that can collect and exchange data. In the banking sector, IoT is revolutionizing how banks operate, offering new possibilities for customer experiences and convenience. This article will delve into the benefits of IoT in banking, smart banking applications, IoT-enabled customer experience, challenges, use cases, and the future of IoT in banking.

Benefits of IoT in Banking

One of the primary benefits of IoT in banking is increased efficiency. IoT devices can automate some of the tasks that would have been done manually, allowing banks to save time and resources. For example, smart ATMs can detect fraudulent activities, reducing the need for manual monitoring. Additionally, IoT in banking can improve customer service by providing personalized experiences. With the data collected from IoT devices, banks can analyze customer behavior and preferences, allowing them to provide tailored services. IoT also allows for real-time data collection and analysis, enabling banks to make informed decisions.

IoT in banking can also improve operational efficiency by automating internal processes. For example, IoT sensors can monitor the temperature and humidity levels in data centers, ensuring that the equipment is working correctly. This can reduce the risk of equipment failure and minimize downtime. Additionally, IoT sensors can monitor the use of equipment, allowing banks to optimize their use and reduce energy consumption. This can lead to significant cost savings for banks.

IoT-based Smart Banking Applications

The adoption of IoT in banking has led to the development of smart banking applications. These applications can be used to provide customers with personalized services and experiences. One of the most prominent examples of a smart banking application is the mobile banking app. With a mobile banking app, customers can access their accounts, transfer money, pay bills, and even deposit checks. The app can also provide customers with real-time notifications, such as when a transaction is made or when there is a change in account balance.

Another example of a smart banking application is the intelligent ATM. Intelligent ATMs can detect fraudulent activities, such as skimming, and alert the bank’s security team. Additionally, intelligent ATMs can provide personalized services, such as dispensing cash in specific denominations and offering language options. Intelligent ATMs can also accept deposits and transfer funds between accounts.


IoT is revolutionizing the banking sector, offering new possibilities for customer experiences and convenience. IoT devices can automate internal processes, improve operational efficiency, and offer new services. However, security and privacy concerns must be addressed, and the cost of implementation must be weighed against the benefits. The future of IoT in banking is promising, with the potential for more personalized experiences and improved operational efficiency. As IoT continues to evolve, it will be interesting to see how it transforms the banking sector even further.

AJEEVI Contribution

Ajeevi Technologies provides innovative customized solutions in the area of smart cities, internet of things (IOT), and sustainable development which include:

Software & Mobile Apps





Safety & Security



Emergency Response

Attendance System

Indoor Air Quality Monitor for office

Water Quality Logger

Smart Plugs


Bio Metrics

GPS Device

Windshield tags

Panic Button

Loan Management System

Air Purification for offices

Water Level Check

Single Phase A.C.

Handheld Readers

Face Recognition

Panic Button

UHF Reader

GPS Device

Intranet & Internet Portal


Water Purification

Three Phase A.C.

Bin Level Sensors



Hybrid Car Chargers

Fire Fighting System

Bulk Email & Bulk SMS


Effluent Treatment  Plant

Solar Power Plant

Waste to Fertilizer


Windshield Tag

Automatic Parking Mgmt.

Verti-Scape for High Rise Emergency Evacuation

Customer Account Opening


Rain Water Harvesting

Solar Water Heating System

Waste Detection System





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AJEEVI-We Build Sustainable Cities

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Ajeevi Offer “Enterprise IoT Solutions” with in-house R&D, Capability of manufacturing IOT devices.

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505, Tower A-1, Corporate Park
Noida 201301, Uttar Pradesh India


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