Two local banks to release apps for the Apple Watch
Fri, 17 Apr 2015 23:16:35 GMT —
Time is ticking and the release of the Apple Watch is around the corner.
The watch is aimed at convenience for Apple lovers, and local bank consumers who have the watch will soon find it convenient to check their bank accounts.
"Our app will roll out with the watch," First United Bankâ??s Executive Vice President Rodney Ruthart said.
Two local banks, First United Bank and Happy State Bank are partnering with Malauzai, an up and coming mobile company based in Austin, to develop banking apps compatible with the new watch.
â??It's on a scaled option,â?? Happy State Bankâ??s Vice President of E-Banking Matthew Smith said.
"They'll be able to get into their bank account, look at transaction history, and look up branches and locations," Ruthart said.
The price of the watch ranges from $349 to up to 17,000 for the 18k gold edition, but even with the high price, there's already a high number of pre-orders.
"They sold over a million units in presales. Two days later, they were sold at 2.3 million units," First United Bankâ??s Chief Technology Officer Kevin Carson said.
Both banks say this will not only help with making banking more convenient, but will help local banks in the competition with bigger national banks.
"It makes sense to make banking for consumers easier," Smith said.
But will help local banks in the competition with bigger national banks.
"There's been a perspective for many years that large banks are the ones who introduce technology to the market. Times have changed, and community banks have the capacity to introduce latest and greatest technology.
Bank representatives say the app is set to be released on April 24th, the same say as the Apple Watch.