Virtual reality may be predominantly viewed as a new and immersive way to fly spaceships in digitally rendered galaxies or watch movies in 360 degrees. For Fidelity Investments, however, the cutting-edge tech is more than just a new source of amusement—it’s a potential new way for people to interact with their money.
The financial service giant’s research arm, Fidelity Labs, said Tuesday that it built a new business app designed for the HTC Vive virtual reality headset. Essentially, the app is a prototype for what it believes could be a simpler way for human resources managers to keep track of employees and their retirement plans.
The VR app is part of Fidelity’s slow-and-steady foray into virtual reality, which kicked off in 2014 when the company built an app for investors to keep track of their portfolios.