For at least the past year, speakers at financial technology conferences – from the ubiquitous BAI Retail Delivery to smaller shows such as NetFinance Interactive—have been telling bank and credit union audiences of the pressing need to factor wearable technology into the mix.
In fact, Javelin Strategy & Research published a paper last year titled “Investing in Wearables for Financial Services – Why Now?” This paper called upon “financial services innovators” to start investing in wearable technology today.
One of the technologies highlighted in this paper was Google Glass, the computing device that looks and wears like a pair of eyeglasses. Six months after the report was published, Google halted all sales of Google Glass. The future of this product remains in question.
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