Introduction to Virtual Finance
For most customers, managing their funds involves taking a look at lines of text to know their financial situation. However, a brand new trend is emerging that might change the best way people interact with their money. The ability to visualise account balances through virtual reality or augmented reality tools could drive a brand new type of personalization, making it easier for purchasers to know their financial picture.
The Future of Personal Finance
The use of augmented reality (AR) and virtual reality (VR) in personal finance remains to be in its early stages, however it has the potential to revolutionize the best way people manage their money. By providing a visible representation of account balances, customers can gain a greater understanding of their financial situation and make more informed decisions. This technology can even make managing funds more engaging and interactive, which might lead to raised financial outcomes.
MoneyLion’s Innovative Approach
MoneyLion, a private finance company, is on the forefront of this trend. The company is launching an augmented reality tool called Grow Your Stack, which is able to allow customers to visualise their account balances as stacks of money projected over their view of the actual world. This feature will use iOS 11’s ARKit technology and is ready to launch coinciding with Apple’s iOS 11 release. Grow Your Stack is just the start of what may very well be a metamorphosis of how customers interact with their funds.
How it Works
The Grow Your Stack feature will provide customers with a singular and interactive method to view their account balances. By using AR technology, customers will have the option to see a visible representation of their money, making it easier to know their financial situation. This feature has the potential to make managing funds more engaging and fun, which might lead to raised financial outcomes.
Conclusion
The use of augmented reality and virtual reality in personal finance is an exciting trend that has the potential to revolutionize the best way people manage their money. MoneyLion’s Grow Your Stack feature is just the start of what may very well be a metamorphosis of how customers interact with their funds. As this technology continues to evolve, we are able to expect to see more modern and interactive ways to oversee funds, making it easier for people to know their financial situation and make informed decisions.
