Telstra and CBA partner on 5G banking trials
The Commonwealth Bank of Australia is kicking off trials of 5G banking and edge computing thanks to a partnership with Telstra and Ericsson announced at Mobile World Congress (MWC) 2019.
Under the collaboration, Telstra, CBA, and Ericsson will test “end-to-end banking solutions over 5G” during the next few months, the companies told media on Sunday in Barcelona.
Speaking with ZDNet, Ericsson ANZ head Emilio Romeo said some of the 5G use cases that the trial will look at include exploring different network architectures such as network slicing, dynamic orchestration, and control use plane separation.
Network slices on demand would be particularly useful for enabling enterprise customers such as banks to simply buy the service four times a year rather than creating and paying for their own massive computing power, Romeo explained.
“5G edge computing is all about bringing the network closer to the user or application,” Telstra group executive of Networks and IT Nikos Katinakis said.
“For financial institutions like Commonwealth Bank, it will help to enhance existing banking applications as well as deliver new use cases such as artificial intelligence, all supported by a range of software-defined networking solutions.”
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