The internet of things is a “huge opportunity” for the financial services industry, but banks must cast a wide net for talent to realise this potential and succeed in an ever-more digital future, bank technology chiefs said at the Sibos 2015 conference in Singapore.

At a packed plenary session on October 13, chief technology officers from large banks discussed the merits of the internet of things, the concept that everyday objects, from fridges to shipping containers, will be connected to the internet and will be able to send and receive data.