A Customized and Flexible Ideal Mobile Banking System using 5G Technology

Abstract

The word Ideal System refers to a system which is optimal or finest in terms of all its characteristics and any existing system can be improved or converted into the Ideal system by comparing existing system to Ideal system and by doing research and innovation. Mobile banking business will enable banking organizations to expand their markets, improve their services to all corners of the world without any barriers in terms of time, location and place. The rapid increase of mobile phone users is closely followed by security problems. The objective of this paper is to suggest some characteristics that will solve problems like security, bandwidth, network coverage, speed and much more. Fifth Generation (5G) mobile wireless communication technology an advanced modern upcoming technology that has significant change or difference in terms of bandwidth, speed access, and zone issues compare to its predecessors. In this paper, the concept of the Ideal mobile banking system is discussed, based on developing a suitable model with the predicted system and environmental characteristics which is ultimately very much user-friendly, customization and flexible in nature. To realize Ideal system model we have taken up 5G mobile wireless communication technologies and discussed how it will support Ideal mobile banking model by providing characteristics in terms of speed, bandwidth, data transfer rate, signaling efficiency and all advanced services. The paper makes an analysis of new model with its advantages, benefits, constraints, and disadvantages.