Almost half of UK 18-30-year olds have banked on a wearable device since the launch of the Apple Watch six months ago, according to figures from Intelligent Environments.
The research among 2000 UK consumers showed a strong wellspring of support for wearable technology among the millennial generation, with 46% using the designer tech to check their finances.
The launch of the Apple Watch has raised awareness among the younger generation of the potential for wearable technology, with 46% expressing a wish for their bank to launch more wearable apps, and 52% professing a desire to manage their finances via wearable devices.
The research found that over half (51 per cent) of 18-30 year olds have been more interested in digital banking because of wearable technology, a key target demographic for retail banks across the country.
David Webber, managing director of Intelligent Environments, says: "The 18-30 year old demographic is an important one for banks looking to establish a long-lasting customer relationship. With almost half of this age bracket calling for their banks to launch apps designed for wearable banking, banks would benefit hugely from improving their digital banking offering."