Sometimes, it feels like the banking industry is one of the slowest to adopt new technology, and usually for good reasons. When it comes to their money, people are cautious of change and even more wary of new technology and the flaws it has.
Yet, the flow of technology never stops and now banking is starting to move with it. As the IoT continues to grow in popularity, financial institutions are finding ways to implement devices into their services while still maintaining security.
Accessing Accounts with Multiple Devices
With IoT devices all around, there are more places than ever where you can check things like the weather, get updates on sports, or even keep track of how many steps you’ve taken that day. Why would checking how much money you have be any different?
With devices like smartwatches and home assistants like Alexa, getting a quick update on your account balances is extremely convenient. Rather than having to fully log in to your account on your phone or computer, you can just tap or ask what your current balance is. 1st Source Banking’s smartwatch app does all that, letting users check account balances and receive alerts without having to log in. Capital One has ...
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