Tag: augmented reality

The financial institution intends to release the first 3D banking app in the world this September.

The new smartphone app uses augmented reality technology to assist customers in locating the closest branch or ATM, shows transactions, account balances, and spending locations, all of which is displayed in three dimensions, and Westpac New Zealand (NZ) hopes that the app will help customers gain better control over their credit card spending.

The app was the concept that took the top spot in The Westpac Global App Challenge in the UK.

The application utilizes the smartphone camera, which scans a consumer’s debit or credit card. After scanning, it instantly generates a 3D visual representation that is equipped with bar charts to show the user the amount of money that was spent in different categories, for instance, utilities, food, travel, etc. It also sums up loyalty points, allows the customer to make on the spot payments and flags the number of days that are left before a bill is due.

The unnamed rocket scientist, who developed the application, has a side business of building apps. Simon Pomeroy, the chief digital officer at Westpac NZ, said of the challenge winner that “His job is in innovation. He spends his time thinking about apps and saw the ability to create one he’d use himself. He was just really blown away by the fact that he could enter something online and have it taken to this level.”

Augmented reality technology takes mobile banking to another level.

Pomeroy said that after seeing the concept for the app, it became clear the impact AR tech can have in terms of “adding a new dimension to mobile banking.” He also noted that one of the important features of the app is its ability to find ATMs that were part of the ATM Global Alliance around the globe that could be used by Westpac customers free of charge.

Pomeroy stated that Westpac customers are constantly asking the company for quicker and more convenient ways to conduct their banking. What Westpac feels the app will accomplish is it can bring everyday banking to life in a visually appealing way that is easy to use. It will take daily banking to a whole new level.

The new augmented reality app will be released for iOS in September. Westpac said that there will also be an app released for Android mobile devices, which will come out later this year.

The Chinese electronics and technology company has now revealed that it has its own wearable technology prototype.

The largest PC manufacturer in the world has now unveiled a prototype version of augmented reality glasses, which shows that the company is on its way to producing a wearable technology device that will place it in competition with Google Glass.

This AR headset functions with a type of necklace like band to enhance the life of the battery.

Lenovo, which is based in China, has unveiled the prototype of this device , which is a version of a wearable computer that bears somewhat of a resemblance to Google Glass, in that it is a headset that sits on the face in a way that is similar to eyeglasses. As is the case with the best known device in the augmented reality glasses category, the prototype appears to have a tiny screen – a small acrylic prism – onto which images are projected. That display is placed in front of the right eye of the wearer.

These augmented reality glasses also contain a unit that houses processors and memory chips on the right arm.

While that feature does help to improve the performance of the device, in the prototype, its right arm looked rather bulky as a result of the addition. The primary difference, in a visual sense, between the Lenovo AR glasses and the Google Glass is the battery pack which hangs around the back of the neck of the wearer, with a blue wire connecting it to the main device.

Other than the actual overall appearance, there wasn’t much in terms of detail that was provided along with the unveiling of the device. That said, Lenovo has said that it will make a new series of announcements about what can be expected from this wearable technology, in October.

The prototype augmented reality glasses are one element of the NBD project at Lenovo, which is focused on the production of a range of different internet connected devices, such as fridges and toasters, and even air purifiers that are controllable through the use of a smartphone.