Much like Siri has served as a virtual assistant to iPhone users, helping them navigate the possibilities of their devices, a new mobile-based virtual assistant named Kasisto is planning to offer similar functionality tailored toward banking. Recently spun off from SRI International, the same organization that sold Siri technology to Apple in 2010, Kasisto plans two commercial releases next year of virtual banking agents.
Euronext has launched an iPhone app to deliver market data from its equities markets to retail investors. The free app will deliver market data delayed by 15 minutes or updated at the end of the day.
Sixty-one percent of male investors under the age of 34 use their smartphones to check on their order status after placing trades, far more than any other investing activity they do with their smartphones. Meanwhile, women under the age of 30 are most likely to use their smartphones to research investment products, at 44 percent.
Two new iPhone apps launched last week aim to turn upside-down the fee structures with which retail investors trade and access market information.
Mobile apps have become the most common daily interaction channel for the banking industry as a whole, and 45 percent of smartphone users in the U.S. and U.K. have downloaded and been satisfied with banking apps, according to a study released today by Apigee Institute. By contrast, only 27 percent of the same pool of respondents have downloaded and been satisfied with apps from large retailers.
Fidelity isn't the first company to launch an interactive virtual city app, but it's the first to create one in which the city is built entirely out of stocks. StockCity, developed by Fidelity's research and development think tank Fidelity Labs, is a data visualization app that recreates investors' portfolios as a 3-D city.
A few years ago, Near Field Communication (NFC) technology was being billed as the next revolution in mobile payment. When data began to show that mobile payments were experiencing year-on-year growth more on the pace of an ongoing evolution than a sudden big bang, some corners of the market focused criticism on NFC.
If it seems like a digital display in your bank branch is reading your mind, it might actually be reading your face. Retail branches are using increasingly sophisticated technologies to maximize marketing and customer service opportunities during customer branch visits with highly customized messaging. In the case of the digital displays on monitors inside the bank branch, that may mean that cameras attached to those monitors are scanning customers' faces.
Royal Bank of Scotland plans to spend 1 billion British pounds or the equivalent of $1.7 billion to improve mobile and online banking channels and overhaul its branches into "advice and education" centers. The investment will all be directed at consumer and small business banking as RBS continues its push to pare down its international and investment banking operations and focus instead on UK retail banking.
Do people need incentives to save money or incentives to exercise? Or can the two goals incentivize each other? Russia's Alfa Bank has unveiled an application that uses fitness trackers like...