Misys adds Apple Watch banking appahead of April launch
Misys has launched a banking app prototype for the forthcoming Apple Watch, due to launch in April, that allows users to make transactions by speaking at their watch.
The Misys app for the Apple Watch, named Misys FusionBanking Essence BankTime, is designed to give consumers greater control and clarity of their personal finances. Misys has used Apple’s “Glance” feature – a Glance is a quick view of the app’s most important content – to connect it to the Comfort Zone display, which shows a consumer’s available balance.
The consumer can get more details of balance, history and all transactions via the smartwatch. The banking app encourages consumers to execute transactions directly from the Apple Watch, for example paying for a bill in a restaurant. With voice command and traditional swipe and tap control, consumers can interact with the app in whatever way they want.
The idea behind the new communication channel is consumers will never miss a notification from their bank, for example a fraud alert, a special offer or an appointment reminder. It also aims to open up more opportunities for contextual marketing for banks and offers services based on a customer’s location.
“Our ambition at Misys Labs is to bring financial services into consumers’ everyday lives”, said Tamás Grünzweig, head of innovation at Misys. “We focus on make banking relevant and frustration-free. Wearable devices, like the Apple Watch, bring a new, more convenient channel for consumers.”
Apple Watch will not be the first such ‘smart watch’ to feature this kind of functionality when it launches. In November 2013, UK by crowd-funded start-up company Pebble Technology created a banking app that helps customers keep track of their finances at a glance, interfacing with the Pebble smartwatch which launched in January 2013.