So VR has now arrived in the financial sector. The online bank Swissquote in Western Switzerland is the first European financial institution to launch a virtual reality application for trading. The app has been available to iPhone users in the app store since yesterday, and the version for Android smartphones will follow later.
The test of Finews describes how the whole thing works. With a 360° perspective, you can see the stock market and currency prices as well as other information in real time. If you look up, you can see a starry sky. A little romance can't hurt the financial sector.
The VR glasses can also be used for trading. The control works via a short glance. When the user looks at the desired share, a window appears in which he can buy or sell the share. Using the so-called fast-trade technology, trades can be executed more quickly than before, writes Inside-IT. Since certain criteria - such as the standard 5,000 franc investment amount - are preconfigured, once a security has been selected, all one has to do is click on "buy" with the eyes and confirm. Finews criticises this: if you want to trade a different amount, you have to log into Swissquote's e-banking and adjust the contract size. This will then also apply to future trades.
Also the View has tested the app and says that it is a nice toy, but nothing more. Transactions take too long, although the process has been simplified. The VR app will certainly not replace the computer.
But with the VR premiere, Swissquote definitely has a strong media presence and something new for customers to try out and marvel at.
Source: Finews, Inside-IT, Blick
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