To implement this project, Telefónica has deployed in several of the "most sophisticated 5G pilot network network offices installed so far".
Banco Santander and Telefónica have reached an agreement to launch a joint innovation project on 5G cellular technology applied to the banking business by developing the first experience of three use cases in two entity offices in the city of Madrid Alcobendas, which became the first banking office connected by 5G in Europe.
In a statement, the entity said that this initiative would enable progress in implementing new technologies in the financial sector, develop 5G solutions for the business sector and accompany customers in this transformation process, adapting their financial products to new needs.
To carry out this project, Telefónica has been placed in the Banco de Santander office located in Plaza del Pueblo and Plaza de la Moraleja at Alcobendas, in collaboration with ZTE, the "most sophisticated 5G pilot network installed so far". In this way, the residents of Madrid joined the initiative of the City of Technology 5G Telefónica, which already has Talavera de la Reina, Segovia, Barcelona and Malaga.
In particular, one of the three use cases referred to by this project is the realization of 4K video conferences between two banking offices, which offer, over 5G networks, very high resolution images (4096×2160) and natural movement thanks to 30 frames per second with zero delay.
The second usage case, called 5G storage, consists of the low latency cloud storage solutions provided by Telefónica thanks to the Edge Content Anywhere Edge solution placed in the edge & # 39; (bringing computing capacity to the edge of the network to process data very close to where they are produced) Telefónica.
Third, Virtual visits to the shared workspace have been developed, developed together with Idronia companies and use Virtual Reality technology, 360 videos and Edge Computing, which provides in-depth reality services to visit remote spaces working together as Santander Work Café on Velázquez Street.
5G networks provided by ZTE include radio, the core of the network and terminal. The technology used is based on Stand Alone mode, the latest international standard, creating a 5G end-to-end network architecture, without the need for LTE support. The 5G BTS joins the core network using the Telefónica transmission network.
Spain's Telefónica president, Emilio Gayo, said that this initiative responds to operator cooperation with its business customers to ensure that 5G is used in "100% oriented to their needs", prioritizing the development of new capabilities based on the use of the greatest interests. "In this way we also ensure the initial adoption of 5G and a positive impact on Spanish industrial fabrics," he said.
Meanwhile, CEO of Santander Spain, Rami Aboukhair, said that this agreement responded to the entity's commitment to innovation and to accompany its customers in the process of transformation to a new generation of 5G communication. "This new technology will enable us to gain connectivity and speed of response in transactions and to offer the best experience and the best solutions to our customers, individuals and companies," he assured.