March 10, 2016

Consulting Insights March 2016 Issue

The March 2016 issue of Consulting Insights is now available!  Our feature article shares some of the findings from our study Next-Generation Investing 2015: Digital Advice Matures on activity of incumbent investment firms in the digital advice space. We explore the latest trends in mobile finance innovation. We profile the HENRY (“high earners no rich […]

May 04, 2015

Well That Didn’t Take Long: Financial Services Firms Launch The First Apple Watch Apps

After months of anticipation, the first Apple Watches reached consumers’ hands (and wrists) this past week. Discussing the outlook for wearable tech in the past, we’ve pointed out, “The launch of an Apple-branded smartwatch may be the catalyst needed to spur smartwatch app development by major financial services firms.” That prediction turned out to be […]

January 27, 2015

The Wearable Model Shifts from Glasses to Watches

By now, there has been plenty of reporting and analysis on Google’s announcement that it is closing the Google Glass Explorer Program and discontinuing sales. While Microsoft HoloLens may reignite interest in similar augmented reality technology, a new wearable tech model has taken over the headlines in recent months: smartwatches.

November 24, 2014

Wearable Tech & Finance: What to “Watch” For

Wearable tech is generating a lot of buzz on the heels of Apple’s recent Watch announcement, but the truth is, the wearables movement isn’t exactly breaking news. The Pebble smartwatchhas been on the market for years, and Google’s Android Wear has been up and running since mid-2014. The financial services industry has yet to embrace the smartwatch concept, however. While firms like Wells Fargo and Discover have unveiled beta versions of Google Glassware, few major financial institutions have publicly expressed interest in developing products for the budding smartwatch market. To date, Fidelity’s “Watchapp” for Pebble represents the sole smart-watch app released by a major U.S. retail bank or brokerage firm. This may be about to change.

March 27, 2014

Investing From Your Wrist: Financial Firms Turn Their Attention to Smartwatches

Since the release of the iPhone in 2007 and iPad in 2010, mobile banking and investing have become nearly ubiquitous, leaving many to wonder what the next ground-breaking device might be. As we’ve written about before, most financial services firms are yet to fully embrace the latest wearable technology, but are very interested in discovering how they could leverage those high-tech products to meet client needs in the future. While Google Glass has grabbed the most headlines, wearables come in many more forms, with smartwatches another popular approach. Recently, financial services firms around the world have unveiled their first concepts for smartwatch investing apps.

February 18, 2014

Google Glass for Financial Services – Discover and Wells Fargo

With the long-rumored commercial release date for Google Glass fast approaching, we’ve recently seen an uptick in activity from financial services firms keen on keeping pace with the wearable technology curve. Nearly six months after Fidelity made headlines by being the first major brokerage to unveil investing-oriented Glassware (“Glassware” is the term used to describe an app explicitly designed for Google Glass), Discover and Wells Fargo have each launched their own Glassware, making the firms the first credit card issuer and bank, respectively, to make a public foray in the wearable tech space.

February 04, 2014

Wearable Tech: Past, Present and Future

On January 30th, Corporate Insight attended the Wearable Computing Conference 2014 in New York, the first of several similar events planned around the country and the world. Over the course of the day, presenters – many of whom were “Explorers” sporting Google Glass – discussed the origins, current status and future outlook of wearable technology of all kinds. First, Edgar Perez put the new trend in context with a concise history of wearables. One of the early iterations that stood out was the so-called “Sword of Damocles” in the 1960’s, an elaborate contraption with equipment worn on the head – and also suspended from the ceiling. Following that sinister-sounding device, wearable tech gradually became smaller and less cumbersome, with many advances from the famous Steven Mann, arguably the world’s first cyborg.

August 14, 2013

Wearable Tech for Financial Services: Fidelity Unveils Investing App for Google Glass

Nearly a year and a half after Corporate Insight first posted on Google Glass’s potential value for the financial services industry, Fidelity has unveiled a preview of the first investing app for Glassware. As participants in Google’s developer program, Fidelity’s R&D division, Fidelity Labs, was granted early access to Glass and has taken advantage of this opportunity by creating a unique, exciting application for the wearable device.