Indian firm creates banking solution for Apple Watch

Robosoft Technologies has developed a proprietary banking solution for the Apple Watch.  With the launch of Apple Watch, personal banking was ready to move from our pocket to our wrist. Taking note of this shift, Robosoft partnered with a leading bank to integrate this solution.

‘Soon after the Apple Watch was announced, we saw the tremendous potential the device has to offer for various new kinds of use-cases. We set out to create a unique, proprietary platform than can help banks build on-the-go banking solutions while quickly integrating with existing back-end systems’, says Rohith Bhat, CEO & MD of Robosoft Technologies.

The banking solution seamlessly connects a user’s device with his or her bank’s account and has features specific to the minimal Apple Watch interface.

Some features include:

# Alerts the user politely with actionable notifications about transactions and even has the option to pay bills instantly.

# Uses geo-location to fetch offers around the user’s location with precise navigation directions.

# Displays available balance as well as details of last 5 transactions

The app also makes use of the Glances feature of the Apple Watch where a simple account summary can be viewed without launching the app. Aside from these, the app guides users to ATMs nearby, using real-time haptic feedback, with turn-by-turn navigation.

‘Our proprietary solution on the Apple Watch can help banks offer banking solutions on the device within two weeks as it integrates easily with their back end systems. It has a slew of features that take advantage of the technology in the Apple Watch and banks will delight their customers by offering their app on this device’ says Rohith Bhat.

Robosoft was in the news recently for its Series B funding from Ascent Capital with participation from the existing investor Kalaari Capital.