A recent set of stats revealed that 3% of Canadians own a smartwatch. Scotiabank is hopping on this new device category by becoming the first financial institution to allow customers to check their account balance on their wrist.
The Quick Balance app is now available on Samsung’s Tizen-powered Gear 2 and Gear S, as well as the Android Wear-powered Gear Live, but the bank notes that compatibility with more accessories will be added soon. Scotiabank says that the Quick Balance app, and its other forays into mobile tech, are making day-to-day banking easier and all users have to do is download the app tap your account to view your balance.
Jeff Marshall, VP of Self-Service Customer Experience at Scotiabank, said, “We have seen a definite shift in the way consumers are interacting with our products and services, and it is our goal to stay ahead of the curve by developing self-service banking solutions for Canadians before they know they need them.”