Page 25 - ASR_Forewords

RACING TOWARDS 2020 – YEAR OF 5G

OBILE technology has been marching ahead
Mvery rapidly since early 1980s when the 1G
technology provided analog based voice for the
human to human interaction. Then onwards, a new
generation technology came into existence almost
every ten years, providing better features and
functionalities. While in 2010s the 4G ushered in the
merger of Internet and telecom networks with core
network as an all IP network, cyber world had started
moving in directions of virtualization, cyber-physical
systems, service-oriented architecture and so forth
during the period. To meet the emerging
requirements, there has been considerable work
around the development of the next generation
network – 5G. With announcements and promises
on communication technology for all its activities. To
that the Tokyo Olympics in 2020 would be the arena ensure that the white paper covers all relevant
not only for high profile athletes but also for the
aspects of the technology and its use in the BFSI
splash of 5G networks, the world seems to be moving
sector in India, a team comprising of bankers,
closertotherealization of5G.
academicians, telecom service providers, telecom
The 5G network is likely to encompass not just the hardware providers, system integrators and FinTechs
Internetbutalltheresourcesconnectedtoi .Insucha has been formed for this initiative. Faculty and senior
t
scenario it is essential that there is a greater domain experts from IDRBT continuously interacted
preparedness from both the service providers and withalloftheminpreparationofthiswhitepaper.The
consumers regarding the principles, architecture and paper is a result of the dedicated work of all the team
features of the new technology. Such preparedness members.
will help all concerned to design, develop and deploy
The paper, in addition to presenting the principles,
appropriate applications that can be used efficiently
architecture and features of 5G, compiles a few use
and effectively. It is o en felt that a similar
cases for the use of 5G by BFSI. It also addresses the
preparedness by various sectors could have helped a
security concerns, generally associated with financial
greatersuccessof4G.
transactions on such networks. We believe that the
This white paper would be a step towards white paper, with its use cases for BFSI, will serve as a
preparedness of the banking, financial services and good resource for all concerned with 5G, especially
insurance (BFSI) sector, which has very high reliance whiledesigningsector-specific requirements.

Date: April 12, 2019 (Dr. A. S. Ramasastri)
Place: Hyderabad Director, IDRBT

White Paper on 5G Applications for BFSI in India 01