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Fidelity LabsSM Experiments With First Investing App for a Smartwatch
Video Explores new App for the Pebble SmartwatchBOSTON – Following last fall’s debut of the Fidelity Market Monitor for Google GlassTM, Fidelity Labs continues to explore the potential of wearable computing for investors with the new Fidelity® Watchapp for Pebble – the financial firm’s first investment information app for smartwatch.
As Fidelity’s center for innovation, Fidelity Labs focuses on emerging technology that has the greatest potential for investors. The latest example is the smartwatch, a relatively new device that goes well beyond traditional timekeeping, as another tool that can empower investors. By connecting with the Fidelity app for the AndroidTM smartphone, wearers of Pebble can view a stock watch list with market information and alerts throughout the day.
Fidelity chose to develop the app after the record success of Pebble’s crowdfunding campaign through Kickstarter. Pebble raised an unprecedented $10 million from thousands of potential customers in the most successful such campaign in history.
“This technology has real potential,” said Sean Belka, senior vice president and director of the Fidelity Center for Applied Technology. “Five years ago we released a pilot of one of the first investing apps for the iPhone. We’re taking that forward-looking approach now with wearables, which just may be as popular someday. Our commitment to continuous exploration and innovation enables us to provide the best customer experience in our industry.”
“Last year we released a pilot for another wearable device, Google Glass, and we’ve learned a lot from our customers. We expect to do the same with Pebble,” said Hadley Stern, vice president of Fidelity Labs. “These experiments arm us with the information and tools we need to create new and better services with wearable technology. A video and blog post on Fidelitylabs.com showcases this potential.”
About Fidelity Labs
Fidelity Labs was established in 2005 as Fidelity’s center for innovation, to explore emerging technologies and evaluate new innovative concepts to learn how they may benefit investors. Working with Fidelity’s business units, Fidelity Labs experiments and releases pilots of new products for investors. Examples of current offerings that began as experimental offerings in Fidelity Labs include Fidelity’s presence on Facebook and Twitter, many of Fidelity Investments’ mobile apps among others. For more information on Fidelity Labs, visit www.fidelitylabs.com
About Fidelity Investments
Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of $4.7 trillion, including managed assets of $2.0 trillion, as of February 28, 2014. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit www.fidelity.com.
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