28 June 2017
visit www.finastra.com

Fidelity explores VR for finances

07 December 2016  |  4574 views  |  0 light bulbs

US financial services giant Fidelity Investments is dabbling in virtual reality, exploring how the technology could help firms visualise employee savings and build retirement plans.

The firm's R&D arm, Fidelity Labs, has developed a proof-of-concept that uses a cityscape to show a company exec how its employees are faring in the savings game in relation to other firms in its sector.

The technology then lets a headset wearer drill down into their own company's data, seeing how employees have allocated their assets by different criteria, such as age.



Fidelity argues that the PoC is not just a gimmick because VR helps people understand abstract concepts such as large data sets in an intuitive way.

"It just might help them improve their retirement savings plan, help their employees make better investing decisions, and transform how people see and manage their money," says Sean Belka, SVP, director, Fidelity Labs.

The work builds on a 2014 VR effort, called StockCity, a 3D environment of buildings that represent stocks.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ING harnesses virtual reality to promote Unicef partnership

ING harnesses virtual reality to promote Unicef partnership

21 November 2016  |  3761 views  |  0 comments | 3 tweets | 3 linkedin
Citi taps Microsoft HoloLens for virtual reality trading

Citi taps Microsoft HoloLens for virtual reality trading

07 April 2016  |  13608 views  |  0 comments | 27 tweets | 15 linkedin
Fidelity takes portfolios into virtual reality with Oculus Rift app

Fidelity takes portfolios into virtual reality with Oculus Rift app

19 November 2014  |  6799 views  |  2 comments | 6 tweets | 3 linkedin
Wells Fargo steps into Oculus Rift at new digital lab

Wells Fargo steps into Oculus Rift at new digital lab

01 October 2014  |  7463 views  |  0 comments | 11 tweets | 8 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.finastra.comdownload the report nowvisit vasco.com/news/PSD2-compliant-solutions

Top topics

Most viewed Most shared
ECB preps eurozone-wide instant payments serviceECB preps eurozone-wide instant payments s...
9151 views comments | 19 tweets | 37 linkedin
ABN Amro tests wearable tech for contactless paymentsABN Amro tests wearable tech for contactle...
8685 views comments | 10 tweets | 6 linkedin
hands typing furiouslyArtificial Intelligence- Computer to IOT
8500 views 0 | 4 tweets | 2 linkedin
hands typing furiouslyThe EU and blockchain: taking the lead?
7491 views 0 | 8 tweets | 7 linkedin
Asia still top dog for payments innovation but Europe gaining groundAsia still top dog for payments innovation...
7432 views comments | 10 tweets | 9 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job