Fidelity Labs and Amazon Create Cora, a Financial Advisor in Virtual Reality

The number of potential use cases for VR technology continues to increase. With major players getting on board, anything can happen in the future. Talking to financial advisors in VR is one option worth looking into. Amazon and Fidelity Labs are doing exactly that. Their project mainly focuses on helping speculators understand how their stock portfolio is performing.

The Future of Finance in VR

It is quite interesting to see how FIdelity Labs and Amazon envision the future of finance. In these companies’ opinion, users may be interested in talking to financial advisors in virtual reality. This is a very interesting business model, especially for stock market investors. Visual tools play a big role in this regard, and VR seems to hold all of the cards.

As such, the companies put together a demo displaying how such a digital financial advisor could look. It is also a demo for Amazon’s Sumerian VR and AR developer tool suite which was recently made accessible to the public. More content creation tools is exactly what this industry needs at this stage.

Assuming virtual reality has a future in the financial sector, tools like these will become a lot more commonplace. The Amazon and Fidelity Labs-created advisor goes by the name of Cora. It listens to user requests and displays stock chart from a specific company on the user’s behalf. This information is displayed on a wall in the virtual office, which should make most people feel at ease.

The big question is whether or not there will be a use for services like these. The financial sector has always been slow to embrace newer technologies. Virtual reality does not affect the way people conduct financial transactions right now, yet the insights provided can shake up the industry to its core. It is another potential use case for virtual reality companies can explore. Whether anyone will even do so, has yet to be determined.

Header image courtesy of Shutterstock

If you liked this article make sure to follow us on twitter @thevrbase and subscribe to our newsletter to stay up to date with the latest VR trends and news.

By Mark Arguinbaev

Mark is a 28 year old internet entrepreneur. He is a bitcoin enthusiast and a technology addict. He loves writing and educating readers about the newest tech trends.