'Looking Into the Impact of AR and VR in the Finance Industry' virtualreality financialservices
The finance industry market is becoming increasingly competitive, and this is a result of AR technology. AR and VR technologies make data visualization easier, so companies can organize and visualize large chunks of data faster. Virtual trading is a type of stock simulator where investors and traders can test-drive a trading platform and practice trading with no real-life consequences.
For example, Salesforce utilizes Oculus Rift to generate a 3D environment to analyze data. Additionally, Fidelity Labs used Oculus Rift technology to create StockCity, a virtual 3D city of stock portfolios where investors can be fully immersed in the data.Virtual reality payments bring us a step closer to creating the metaverse in its truest sense, and it’s exciting to see this technology unfold. For example, MasterCard teamed up with Wearality, a VR glasses designer based in Orlando.
compared to traditional methods. These technologies can help learners gain hands-on experiences and understand abstract concepts in a low-risk setting.In the presence of digital-only and mobile banks, it’s not far from reality that we’d get virtual bank branches as well. Virtual branches can provide a safe, time-saving, and cost-friendly alternative to visiting a bank’s physical branch.
Real-life examples of virtual trading platforms are Webull, paperMoney, Paper Trading, and TradeStation Simulator. The last item on the list, TradeStation Simulator, is known among professional traders as it offers all of the features of its trading platform. You simply register online and start trading using virtual money. The platform will then provide you with a report of gains and losses.
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