What is satellite internet?

Satellite internet connects your home to the internet via an orbiting satellite, making it available nationwide and a good option for rural areas that lack access to DSL, cable, or fiber networks. Instead of using land-based cords and cables to provide your signal, you connect to the internet by installing a small satellite dish on or near your home.

Internet satellites are typically located in geosynchronous orbit, which means that the satellite that provides your signal is always in the same spot in the sky. In the US and the rest of the northern hemisphere, this means that satellite internet is available virtually anywhere. All you need is a clear view of the southern sky.

Is satellite internet a good option for me?

Due to its low data caps and high latency, satellite internet is usually only the best option when it’s the only option. Although satellite internet can deliver broadband speeds up to 100 Mbps in some areas (which match DSL speeds), its restrictive data caps and high price per Mbps make it so DSL is still generally the better choice if it’s available.

Since a satellite signal has to travel all the way into orbit and back to reach the rest of the internet, satellite connections have higher latency than other types of internet connections.

High-speed internet is imperative in almost every industry. However, financial institutions are counted among those that need it the most. Since operations in banks are getting more complex and relying more on cloud-based solutions and online platforms, their demand for a high-speed internet service provider is becoming even greater than many industries.

High-Speed Internet Matters a Lot for Banks. Why?

The speed of operations and quality of customer service are as good as the internet service of a bank. High-speed internet enables faster processing, which means less waiting time for customers and boosted productivity for employees. Plus, high-speed internet is also required to make transactional changes across the globe within seconds.

While internet services for banks are needed to help complete transactions during business hours, they also help to process large volumes of data after business hours. On the other hand, slow internet speed and frequent outages can drastically affect the performance of complex transactions like batch processing. As such, banks require internet service providers who can provide the banks with high-speed internet during business hours and also after hours – whenever they need it. High-speed internet can help them deliver the maximum amount of uptime around the clock.