St George Bank has created a new smartwatch prototype to enable customer banking and payments.
St George Bank in Australia has reportedly created a new smartwatch prototype for those looking to access their bank accounts via their wrists.
As the popularity of smartwatches such as the Samsung Galaxy Gear and the Pebble continue to grow, companies are looking to get ahead by providing the state-of-the-art technology for their customers.
Speaking to The Australian Financial Review recently, St George CIO Dhiren Kulkarni announced the creation of a working prototype app, but explained that “it is a question of how we interact and then functionally what we want to be able to do on them“.
The bank hopes to link the new up to its account balance monitor but is also looking into the option of contactless payments, based on Bluetooth instead of NFC.
“It is not about forcing banking on people, but working out how we can seamlessly complement the environment and provide services at the right time and in the right context,” commented St George head of mobile, Travis Tyler.
Whitepapers
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