October 04, 2018

Time Is Money: The Growing Popularity of Smartwatch Banking

In August 2017, Fitbit introduced Fitbit Pay alongside its Ionic smartwatch. Three days later, Garmin followed suit with Garmin Pay, which it announced with its Vívoactive 3 smartwatch. Fitbit Pay and Garmin Pay allow smartwatch owners to access their checking accounts via their smartwatches for in-store purchases. Since the introduction of these payment services, seven […]

May 30, 2017

Earning an Apple Watch through Life Insurance

As part of the John Hancock Vitality Program’s innovative rewards program, clients with a Vitality life insurance product can earn a discounted Apple Watch. This option combines an attractive reward with a compelling incentive for physical activity. Clients who are part of the Vitality program can purchase a watch with monthly payments after an initial […]

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.