Telefonica, Santander Develop 5G Use Cases for Banking Sector in Spain

Telefonica, Santander Develop 5G Use Cases for Banking Sector in Spain Image Credit: Telefonica

Telefónica and Banco Santander, the Santander Group's 100% digital bank, have connected two bank offices in the city of Alcobendas, near Madrid, with 5G connectivity. 

The companies developed a first 5G experience around three use cases that customers can enjoy at these bank offices. Telefónica, in collaboration with ZTE has deployed a 5G trial network which includes the radio, the core network and the terminals. The technology employed is based on Stand Alone mode, the latest international standard, creating an end-to-end 5G network architecture that does not require LTE support.

The project comprises of three use cases:

 - 4K video conference between two bank offices that offers, through the 5G network, an ultra-high resolution image (4096x2160) and natural motion thanks to its 30 frames per second with zero delay.

 - 5G storage, a low latency cloud storage solution provided by Telefónica and based on the Hitachi Content Platform Anywhere Edge solution embedded on Telefónica's edge computing infrastructure.

 - Virtual visit to co-working spaces developed in collaboration with Idronia that use Virtual Reality, 360 video and Edge Computing technologies. This immersive reality service allows customers to remotely visit co-working spaces such as the Santander Work Cafe located at the Santander banking office in the center of Madrid.

Emilio Gayo, CEO of Telefonica Spain
The initiative with Santander Spain is the result of the collaboration with our corporate customers to ensure that 5G technology is deployed in a way that fully meets their needs, prioritizing the development of the most demanded capacities.

Rami Aboukhair, CEO of Santander Spian
The new technology will allow us to have a better connectivity and faster speed of response in transactions and to offer all our customers the best experience and the best possible solutions.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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