Banks Eye IoT And Wearable Tech Apps

Banks and other transaction-focused companies are increasing their efforts to bring apps to the Apple Watch and other wearable technology – with an eye on creating a seamless shopping, payment and even budgeting experience for consumers via the Internet.

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Driven in part by the Internet of Things trend, Royal Bank of Canada and MasterCard are working with Bionym, maker of a wristband that authenticates consumers via biometrics, according to American Banker.

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