Watching Wearables: New Video Demonstrates Smartwatch Banking Experience
The improving design, functionality and connectivity of wearable devices has promising implications for changing how people pay and access their financial information. Financial institutions are showing more interest in the category, especially as it matures and adoption increases. As I wrote last month, for financial institutions looking to get started a practical entry point is to extend existing functionality like alerts from the mobile channel.
While dependent on the specific device, native wearable apps can provide a more robust wearable banking experience. Here's a quick example from our innovation lab, demonstrating how consumers can access balances, a transaction history, alerts, and even make payments from an Apple Watch® tethered to their mobile device.
It's still early in evolution of wearables – but we're committed to innovating with our clients to deliver the experiences that consumers will love.