The global banking & payments industry experienced a 60% drop in company filings mentions of internet of things in Q2 2023 compared with the previous quarter, with the highest share accounted for by CITIC with 73% year-on-year increase, according to GlobalData’s analysis of over 212 banking & payments company filings. GlobalData’s Internet of Things (IoT) in Banking – Thematic Research market report provides a detailed understanding on how Internet of Things impacts the value chain in the Banking & Payments sector, and the leading Internet of Things adopters and vendors in the market. Buy the report here.

Notably, internet of things was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of 3d printing and real-time payments, according to GlobalData.

Of the top leading companies in the banking & payments industry, CITIC had the greatest increase in references for internet of things in Q2 2023, compared with the previous quarter. GlobalData identified 19 internet of things-related sentences in the company's filings - 0.4% of all sentences - and an increase of 100% in Q2 2023 compared with Q2 2022. Itau Unibanco Holding’s mentions of internet of things rose by 100% to 7 and Grupo Financiero Banorte’s by 500% to 6 and Nexi’s by 200% to 6 and BDO Unibank’s by 100% to 5.

GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for internet of things in Q2 2023 was 105.

To further understand GlobalData's analysis on Internet of Things (IoT) in Banking - Thematic Research, buy the report here.

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.