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Wearable Banking Apps

The Nationwide Wearable App Shows the Possible Future of Mobile Banking

— April 16, 2015 — Tech
This wearable app indicates how wearable technology will fuse with mobile banking and increase user interactivity. In the world of personal banking, these sorts of smart gadgets allow customers to get a quick glance on the go and get the information they need instantaneously. This has been described by some as the future for the finance sector.

The Nationwide Android Wear app is more or less an extension of its mobile app for smartphones, which gives customers the chance to review accounts more in-depth. The wearable app has a Quick Balance feature, which lets wearers access their information from their wrist, instead of having to scroll or speak into a device. The same app also enables people to transfer small sums of money between their accounts.
Trend Themes
1. Wearable Banking Apps - Wearable technology will fuse with mobile banking to create banking experiences that are more interactive and on-the-go.
2. Quick Balance Features - Offering a quick balance feature on wearable devices will increasingly provide an easy and accessible way to manage finances.
3. Transfer Capabilities on Wearables - Enabling money transfers through wearables allows for increased convenience and accessibility in banking transactions.
Industry Implications
1. Banking - Banks can leverage wearable technology to modernize and streamline their services, making banking more efficient and convenient for their customers.
2. Wearable Tech - Wearable tech companies can partner with banks to develop banking apps and other financial tools specifically tailored for wearable devices.
3. Mobile Technology - Mobile technology companies can create innovative features and apps that make banking more accessible and intuitive for mobile and wearable users.
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