SumatoSoft

In an era where digital transformation dictates competitive advantage, how can banks leverage IoT to stay ahead? The answer lies not only in adopting new technologies but in reimagining the role they play in day-to-day businesses. From IoT-enabled ATMs that self-diagnose malfunctions to banking cards that alert users to fraud in real time, banks are already harnessing IoT to transform the customer experience and reinforce security measures. At SumatoSoft, we saw multiple implementations of the Internet of Things when providing banking IoT development services . Here, I want to share all this accumulated knowledge from the past 12 years of cooperating with banks.  In this article, I’ll describe: - benefits - the reason why banks strive to adopt the IoT;  - how to implement IoT in banking;  - challenges - issues and obstacles banks face implementing the technology; - existing and future implementations of IoT in banking - it’s about how the implemented systems look like...

Kevin Ashton, who coined the 'Internet of Things,' envisioned devices that could communicate with the web independently. For businesses, this underscored the urgent need for robust data storage solutions to process the vast volumes of data that would come. The fundamental part of the Internet of Things is the data . Statista expected the IoT infrastructure to generate almost 80 zettabytes of data by 2025 - a staggering figure considering that 1 zettabyte equals 10^9 terabytes. This big data from IoT grants a truly unique opportunity for businesses to dive deep into processes, customer behavior, machinery health, and more, revealing trends and correlations that were previously invisible. Yet, it poses a daunting challenge: In this article, I aim to tackle this question from a practical perspective by providing methods, techniques, tools, and theories about data management and storage. All info comes from a developer's hands-on experience working with big data & IoT dev...

When a regional bank suffered a significant breach through its mobile banking app, it wasn't just its balance sheets that took a hit - it was its customer trust and market position.  Security is a widely discussed topic in all industries. However, it’s especially acute in mobile banking, since her people's sensitive data are at risk. In this digital age, a single vulnerability can erode the hard-earned trust that takes years to build. As a software developer at SumatoSoft who deals with mobile banking solutions and finance software development , I know the amount of effort developers put into mobile banking security.  In this article, I will share my expertise and knowledge of developing software solutions for the banking and finance sector for 6 years. I'll share insights on the scale of security challenges, identify the most common threats, and outline practical strategies we use to protect mobile banking applications. Is Mobile Banking Security Really at Risk? Numbers s...

Did you know that companies with fully utilized CRM systems can increase their sales by up to 29%?  That's not just an estimate—it's a statistic reported by Salesforce , highlighting the substantial impact a cloud-based CRM system can have on businesses. A well-implemented CRM system can transform medium and large businesses. In the enterprise realm, CRM is not just a tool; it's a comprehensive strategy that enables organizations to foster customer loyalty, streamline their sales processes, and deliver personalized customer experiences at scale.  As a software developer at SumatoSoft, I develop custom enterprise software solutions tailored to the expansive needs of medium and large businesses. In this article, I want to share insights and knowledge on how to build a custom CRM system, with a particular emphasis on large-scale operations typical of enterprises. Key Considerations For Implementing CRM in Your Business Let’s start with a strategic snapshot that will guide ent...