ASB taps into smartwatches

Last updated 16:42 20/06/2014

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Wearable technology is being touted as the the next hot thing in mobile banking, with ASB the latest bank to offer a limited service for smartwatches.

Owners of the Samsung Gear 2 and Motorola's Moto360 smartwatches will be able to receive notification of deposits into their account in real time. The watches receive the information from a mobile phone which has the bank's full mobile app installed. The service will be available in July.

ASB's move follows Westpac's CashTank app for Sony and Samsung Smartwatches.

Russell Jones, ASB's executive general manager of technology and innovation, said the wearables market was immature and the mobile app extension would allow the bank to gauge demand and how the product needed to be developed further.

"Most banks' browser-based offerings are quite rich, and we're looking to see which features can be brought into the mobile platform as we gain a better understanding of the market," Jones said.

Josh Delgado, Samsung electronics New Zealand director of IT and mobile, would not say how many of the smartwatches had been sold.

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