This individual Note Wearables: Generating the Next Wave of Personal Finance Experiencesis available for purchase. This Note is available to members of Mercator Advisory Group’s Emerging Technologies Advisory Service. Please be advised that this Note is normally part of a research and advisory service that provides ongoing support throughout the year. As such, this Note contains significant depth of content that is selected for its strategic importance to our members. (For a description of these services, see our Advisory Services section).
While the Note represents significant analyst time invested, there is no means of our ascertaining if it will fully meet your specific intended purposes. Typically, these Notes form the basis for future discussions with our clients where we are able to fine-tune additional information that we have gathered in the construction of the series of Notes (or locate new information rapidly due to our exclusive focus on gathering information in the payments industry) for specific member needs.
Unfortunately, in fairness to our paying members, we are not able to offer this level of support for a single Note purchase. We will, however, credit any Research Document purchase against the future purchase price of the service should you become a member within 30 days of purchasing the document.
The price for individual Note purchases is $1450 per document.
Click here for a fax-back order form
Wearable devices such as Fitbit and Apple Watch represent the next wave of personal computing and are likely to have as great an impact as their predecessors, the smartphone and PC. Banks and other financial services providers have the opportunity to create experiences unique to the wearables platform and reestablish themselves as the dashboard of their customers’ ever more complex financial lives.
In a research note, Wearables: Generating the Next Wave of Personal Finance Experiences, Mercator Advisory Group uses the Apple Watch as a lens to identify key vectors that will determine the success of any wearable form factor, whether it’s worn on the wrist, eyes, or somewhere else. Mercator identifies two areas—personal financial management and omnichannel commerce—in which wearables have the potential to surpass smartphones in usefulness.
“It is undeniable that wearables as a class of personal computing devices are better suited to certain tasks than smartphones are—they are less intrusive and can enhance real-world interactions by continuously computing in the background,” comments Nikhil Joseph, Emerging Technologies Analyst at the Mercator Advisory Group and author of the note.
The research note contains 14 pages and 6 exhibits.
Companies mentioned in this research note include: Airbnb, American Express, Apple, Capital One, Discover, Fitbit, Google, Mint, Postmates, Uber, UrbanSitter, and Wallaby Financial.
Highlights of the research note include:
- Overview of the successive waves of personal computing and the early history of wearables
- Analysis of key vectors that will determine success of various wearable form factors using Apple Watch as a lens
- Identification of two key use cases for wearable financial services and how financial institutions serve them