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Alea Fairchild – Strategic Views

Alea Fairchild – Strategic Views

Tag Archives: payment

Wearable banking? What, a magic ring?

24 Tuesday Nov 2015

Posted by afairchild in Uncategorized

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Tags

authentication, banking, payment, wearabkes

When I read this article this morning, I had to laugh.  Because most millennials I know never wear a watch, and tell the time via their phones.  And even if their phone functionality makes it to a watch, they will still spend their time on it playing games, not purposefully using it for authentication.

But as the ‘gamers’ they are, if you offered them a personal identifier in the form of a “magic ring”, they would snap it up in a heartbeat.  Given the craze for wearables such as FitBit, I see wearable jewelry as the way forward for authentication, especially two factor authentication.  Earrings, bracelets, rings and necklaces can be personalized, made “funky” and can be fashion forward for the younger generation.  But then more subtle versions can be made for others who are less fashion conscious.

Gucci passcode, anyone?

 

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