Ericsson and Telstra are teaming up to explore 5G edge computing use cases and network capabilities for the financial sector by testing end-to-end banking solutions over 5G with Commonwealth Bank of Australia.
The collaboration marks an Australian first in bringing technology providers and the financial services sector together to explore 5G edge computing use cases and network capabilities.
5G edge computing is expected to simplify the network operations and complexity required at individual bank branches. The collaboration will explore optimal 5G coverage solutions to provide more flexibility for bank operations and locations. Trials are expected to showcase what the bank branch of the future might look like, and how 5G edge compute could help to reduce the network infrastructure currently required at individual bank branches.
Nikos Katinakis, Telstra's Group Executive, Networks & IT
These real-world trials will provide valuable lessons and insights for Telstra, our customers, and vendor partners as we continue to deploy 5G. They will also help us understand which use cases will best serve our customers and have the greatest monetization potential.
Emilio Romeo, Head of Ericsson Australia and New Zealand
We are working with Telstra, and leading Australian financial institution, Commonwealth Bank to push the boundaries of technology and create new and agile wireless network services across Telstra’s network. Through this collaboration we will see first-hand the benefit that 5G will bring to a range of industries, and we’re delighted to be collaborating with these two leading businesses, to drive 5G innovation in Australia.
