Tag: augmented reality app

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.

This mobile health tool helps people to be able to confront their anxieties and their fears.

A new self-help tool has now been developed by a team of psychologists, physicists, and developers, which uses augmented reality over a mobile health platform, with the goal of helping users to be able to treat their phobias and overcome their anxieties.

The Phobious mobile app is a part of the overall DreamIt Health Baltimore’s inaugural class.

The team came up with tools that can be used over a smartphone, and the consumer product – which includes both a mobile app that will work on Android or iPhone, and a pair of augmented reality goggles – will be launched in September. Baltimore came upon the Phobious mhealth technology via Barcelona.

This augmented reality technology will include both a consumer facing tool and tracking for doctors.

This allows the program to be used both as a self-help tool as well as a way for clinicians to be able to track the progress of their patients. That second element is still under development. That said, the consumer facing platform is well under way. The primary focus of that element will be specifically on phobias, ranging from spiders and insects to needles and even public speaking.

The intention of the company is to market it as a self help tool, but without any promises or guarantees that it can be used as a cure in treating these extreme fears. That said, it does have every intention to pursue FDA clearance in the United States, as well as a CE Mark from regulators in the E.U. This will allow it to be sold as a device that can help to treat issues related to anxiety disorders and post traumatic stress disorders (PTSDs).

Previous research form the military has shown that virtual reality has been able to generate some success when treating these types of conditions.

Dani Roig, the co-founder of Phobious, is one of the company’s two physicists who has been struggling with a fear of flying. He explained that companies attempting to come up with tools based on virtual reality has typically proven to be too expensive and challenging for broadscale adoption. However, in the form of an mhealth tool using augmented reality, the product becomes much more affordable and achievable.