17 October 2017
visit www.response.ncr.com

Fidelity explores VR for finances

07 December 2016  |  4912 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  |  4154 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  |  14568 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  |  6998 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  |  7838 views  |  0 comments | 11 tweets | 8 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.com Register now

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14917 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8194 views comments | 15 tweets | 21 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
7554 views 0 | 7 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
6866 views comments | 13 tweets | 7 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6159 views comments | 8 tweets | 16 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job