Gen Z imagines innovative finance tools using virtual reality and 5G

Three University of Waterloo student teams win top prizes in latest Innovation Challenge

By Naomi Grosman

Velocity

Banking with a virtual reality headset may not be as far-fetched as you might think after students from the University of Waterloo’s startup incubator Velocity wrapped up a two-week-long “hackathon”, an innovation challenge aimed at augmenting the future of finance with VR and high-speed wireless technology.

In Velocity’s Innovation Challenge: Imagining the Future of Finance, 54 students from a cross-section of Waterloo faculties spanned across 12 teams to create dynamic VR solutions to promote healthy financial habits like budgeting, saving and investing. Waterloo and Velocity partnered with the Bank of Montreal (BMO), Unity and Rogers Communications for the hackathon program. Dimension X provided access to Bonfire, their no-code immersive experience platform to further assist students in designing solutions.

Read the full article from Waterloo News to learn more.